Complete Guide to Crude Oil Trading || Part 02
Complete Guide to Crude Oil Trading || Part 02
Crude oil is one of the most actively traded commodities in the world. A raw material commonly extracted from Middle Eastern countries, it is referred to as “black gold” and “the mother of all commodities.” Crude oil is used to manufacture everything from plastics to petroleum, cosmetics to cars, and fabrics to pharmaceuticals.
Given the increased volatility throughout recent years, trading within the oil markets can be risky. Where supply and demand are constantly changing, so is the price of oil. However, crude oil is a liquid commodity, meaning that it can be traded in large volumes and boasts a relatively tight spread of around 3.0 points on average. Read on to discover how to trade oil.
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The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome.
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