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Trading in crude oil is one of the most lucrative businesses today. Oil trading market is considered as a seller's market which is dominated by seller's lobby rather than buyers. It is done in much the same way as Forex trading and the profit can be made from falling prices as well rising prices. We allow our clients to trade oil by setting up an account with us. You can open oil trading account with us with different amount.
Oil traders have the leverage advantage; hence, they can buy huge quantities of oil against small deposit in the account. When the huge quantities are bought, oil traders can make decent profit, a small move up or down in price.
Due to the high potential risk, oil trading offers an automatic limit (stop loss option) option where the transaction is closed when the prices exceed a set amount. When prices hit the set amount, the transaction is automatically closed preventing huge losses. This automatic limit can be put to close the trade for a set profit as well as set loss.
Future transactions on oil trading are of high significance. What are future prices? They are an estimated price for oil of delivery at a set date in the near future. How an oil trading transaction is made? We shall take an example to understand how a typical trade works. For example, the quoted price is 81.50 - 81.56. This quote simply means that you can buy at 81.56 and sell at 81.50. The difference between the buying and selling price is the profit.