How to buy and sell oil on Forex.

The fall in oil prices has attracted the attention of quite a large number of people who are not always familiar with stock trading and do not suspect that one can make good money from this process.

How to buy and sell oil on Forex?

This is the question most often asked by site visitors. The question itself is not asked entirely correctly, you cannot trade oil on Forex, it is a currency exchange, but for trading you can use a standard trader’s terminal, which, in addition to currencies, contains such trading instruments as metals, raw materials and indices.

That is, in order to buy and sell oil on the stock exchange, you don’t need to invent a wheel at all, just follow a few simple steps:

• Select a brokerage company using the list of brokers .

We check with the support service or the specifications of the instruments to see whether it is possible to trade oil. • We register and top up our account.

• Download the software from the Forex broker’s website, usually this is a standard trader’s terminal, which is distributed free of charge.

• Find UKOIL or USOIL in the window (there may be other designations), usually this is the Futures , and add a new chart.

• We monitor the price and open trades; the scheme of work in the terminal is described in detail in the instructions for the metatrader .

If you have any questions, please contact the feedback form on the website or your broker’s support service; usually its employees are quite willing to answer all your questions.

But it should be noted that understanding the technical side of the question “How to sell and buy oil” is quite simple, but not everyone can calculate the direction of the trend and open transactions on time, which is why exchange trading is considered one of the riskiest types of earnings.