Gold & Black Gold Binary Options - Bet on Price Of Oil & Gold

There would be no industries, no way to cook without degrading our already fragile environment, and life as we know it would be radically different. This is why countries have gone to the lengths of going to war to secure rights to land and water carrying crude oil deposits, or secure supply routes for the product.

That is just how important crude oil is. As far as international trade goes, the value attached to a barrel of crude oil is a function of the demand and supply dynamics for the product, and it is this change in value on an intraday basis that provides the platform on which traders can go short or long on the crude oil asset. Just like most commodities, crude oil is traded on a spot and futures basis.

It is also traded in the binary options market. Crude oil futures contracts are traded on the New York Mercantile Exchange NYMEX , the Intercontinental Exchange ICE.

Trading Oil With Binary Options: A Primer

The light sweet crude and WTI contracts are traded on NYMEX and Brent Crude on ICE. The price feeds are sent from these exchanges to the platforms of the various binary options platforms from where traders can perform different types of trade contracts on them.

Trading Oil with Binary Options

Unlike the futures contract which is made up of 1, US barrels i. As experience is gained, larger amounts can be committed into the trade. Some trade contracts in the binary options market last for as little as 15 minutes. This allows the trader the opportunity to make money again and again using little risk to compound returns.

It is at these times that the crude oil asset is available for trading in the binary options market. Traders who want to trade oil must therefore convert these times to their local time so as to trade during the market hours. After the trading account is opened, activated and funded, the trader can start off the business of trading oil.

Trading oil as binary options will follow technical and fundamental principles. Technically speaking, the trader can employ chart patterns, candlestick patterns and technical indicators to derive signals on the charts.

The kind of signal to be used will be determined by the trade type the trader has in view. This is not as simple as it sounds and many factors will come into play, especially the fundamentals of the crude oil asset.

Crude oil is an asset which has strong fundamental backing. The outbreak of the Libyan Civil War in February led to a pip upside gap on the first trading day following the weekend when hostilities began. The setting of quotas by Organization of Petroleum Exporting Countries OPEC always has an impact on oil prices.

These factors will determine where prices go, how far they go, and will also shape the technical plays that will produce the signals used in trading oil on binary options platforms. You must be logged in to post a comment. How Crude Oil Trading is Done Just like most commodities, crude oil is traded on a spot and futures basis. Three forms of crude oil are traded in the world oil markets: Two trading times exist for trading oil: Procedures for Trading Crude Oil in the Binary Options Market After the trading account is opened, activated and funded, the trader can start off the business of trading oil.

More posts to check out: Trading Commodities Binary Options Trading Gold with Binary Options. Trading Gold with Binary Options. Trading Forex using Binary Options. Leave A Reply Cancel reply You must be logged in to post a comment.

Scrooge-like Binary Options Payouts Binary Option Trading Bitcoin Volatility Exchanges Mutate into OTC Binary Options Sharks Binary Options Gobbledygook What are Binary Options Exactly? Binary Options Haruspex Binary Options Product Differentiation Spread Betting vs Binary Options Binary Options Gambling or Trading? Communitraders Social Trading Community Binary Options vs Spread Betting.

Developed by Think Up Themes Ltd.