Oil Trading for Amateurs
I gotta tell ya, the last thing I ever wanted to do was sit in front of a stock or oil chart all day making trades. But I knew that people were making a fortune trading oil and I wanted to learn how.
So I started doing my research into oil trading strategies and nothing sounded appealing to me. Not only did I not want to sit in front of an oil chart all day long, but neither did I want to read all the news stories every day about the price of crude oil and if it was going to go up or down.
I surely didn't want to have to understand how the value of the dollar or the S and P 500 affected the price of crude oil, so I had almost given up on the idea thinking that I had to be an expert analyst in order to trade successfully.
Then I was fortunate to find a small group who taught me the basics of oil trading and all by myself I developed this simple strategy that allowed me to extract five to ten pennies from the market every single week day with almost no risk of loosing.
The strategy is simple and I'm going to reveal it right here right now.
During the first few minutes of the opening US oil trading session I identify the parameters of the range in which the market is moving. Then in anticipation of the morning breakout I place a pending order to buy a long position and a pending order to buy a short position just outside that range.
Now all I do is sit back, relax and wait for the market to go dramatically in either direction until I have gained my desired five to ten cents. Once it reaches my desired profit margin, I close out my trade and leave the session a winner.
After loosing money trading I learned that the only thing standing between me and a fortune was greed. If I could control my greed I could get rich, and if I could not I would loose everything.
Take your time and learn this strategy well and make your fortune trading oil for just a few minutes a day.
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