Crude oil trading platform in Kenya
A crude oil trading platform is offered to clients wishing to enter the commodity market. The demand for oil and related services has always been high. When you are trying to find a platform to exchange, you need to pay attention to the following key features.
It is imperative that you trust the platform you do business with enough to keep it informed about the status of your accounts. Your accounts should always be maintained and updated in such a way that you can maximize the profits that you can generate with the trading platform you use. It also ensures that you don't experience any downtime or problems with the software you are using. Our platform is professionally built and fraudulent. Work only with decent brokers!
You will want to create security for your investment. You need to make sure that your money stays in your hands. It is also advisable to take the opportunity to check the statistics of your platform in order to understand how accurate they are. This will allow you to see if there are any defects that you can work around. Our broker is fully regulated by authorized services, and you do not have to worry about security while working with us. We already have over 40 million active users worldwide.
Among the main factors that you need to check in the platform is the ability of your system to be elastic. You do not want to waste time trying to figure out how to get your account and finish working once your account has reached a certain number of investment opportunities. You want your system to be flexible to allow you to make more transactions in less time. Using the crude oil trading platform in Kenya can help you achieve your investment goal.
Another feature of the platform is the use of all kinds of market indicators and charts. You can choose from a variety of market indicators.
At any given time, the market is in one of three states - flat, uptrend or downtrend. The main task of a trader is to correctly determine the phase of the market and open a deal in the right direction. Trend indicators act as an assistant. They are designed to track and predict trends in the foreign exchange market.
Popular indicators include Parabolic, Moving Averages, Bollinger Bands, Ichimoku, Envelopes, etc. The most popular instrument in this list is the Moving Average indicator. It displays the average prices for a certain period on the chart of a currency pair.
Oscillators are another type of indicators. They express the speed of price movement over time. This group of indicators is visually displayed not on the currency pair chart itself, but in a separate window below it. The indicator readings are displayed either in the form of a histogram, which is located around the zero mark, or in the form of a curved line with levels from zero to 100%.
Such indicators as Stochastic, MACD, OsMA, Average True Range, RSI are popular. On their basis, hundreds of trading strategies in the Forex market have been created.
These are all great guidelines to use when looking for the perfect trading platform to invest in. You will need to select an opportunity to test each of the available options to create the best possible solution. You will have to take the time to do your research and find the platform that will give you the best results. This can enable you to get the most out of your investment in the long run. By taking the time to do the relevant research and select the ideal platform, you will be able to reap the benefits of your Kenya crude oil investment.
We suggest you stay on our brokerage site and in addition to the above, you will receive video tutorials on trading, technical support around the clock, a convenient mobile application and much more, just go through the registration, it is free and does not bother you, while you can get to know with the platform and understand how convenient it is for you!
How to make money trading crude oil in Kenya?
Oil is the backbone of the world market, and many economic processes, both domestically and internationally, depend on its value. Due to the instability in world markets and the political situation in many countries, trade is becoming a little more difficult. Crude oil is one of those commodities whose prices depend on many factors. Supply and demand, oil production quotas from OPEC, changes in US crude oil reserves, geopolitical factors, climatic factors.
For industry and power plants, petroleum products from heavy oil fractions are suitable, for transport fuels, especially aviation fuels, only light fractions are needed, which can be obtained from certain types of oil. There are dozens of grades of oil in the world from different fields and regions. They differ in density, sulfur content and other impurities.
You can buy Brent and WTI grades from us - they are considered reference, or marker. Their prices are formed during trading on international exchanges. Prices for other varieties are calculated on the basis of their cost.
Brent is a light, sweet crude. It serves as the price standard for Europe and the OPEC countries. 70% of world oil supplies are estimated in relation to Brent.
WTI is mined in Texas. It is a light, sweet crude that is well suited for the production of gasoline and other distillates. In the past few years, WTI has been lower than Brent, although the quality of these grades is similar. This is due to high supply costs, storage and pipeline congestion in the United States.
The number of barrels per day is used to account for the volume of production and consumption of oil. Barrel - capacity of one standard barrel for oil or oil products per 159 liters.
Volatility in global markets makes commodity investment a risky business. Traders often lose significant amounts of money because the market is quite unpredictable. People who are new to commerce need to know in order to succeed, they need to devote some time to learning how to do it right. You will find that most of the big investors are veterans, and many of them have been in this type of investing for decades. They can usually be relied on to get good advice when it comes to investing. But remember that advice is great, but you must create your own experience. You can do this on our platform by opening a demo account. It's free and will teach you the basics of commerce and how to apply different data charts and indicators!
Online commerce in oil on the stock exchange is of interest to investors, primarily because this raw material has a fairly high volatility. This makes it possible to identify exchange rate changes in short time intervals and thus earn good income.
If we compare real oil transactions with electronic purchases, then online speculation is not so difficult and has much less varied costs. Real oil trade requires a significant amount of money, transport, storage facilities and much more. At the same time, you also need a buyer to whom you will sell this oil. On the exchange, when commerce online, everything is much faster and easier. The broker gives you the opportunity to trade "black gold" without leaving your home walls from anywhere in the world, saving your own time and increasing your capital.
Among the ways to make a profit is to buy a stock at the lowest price, wait for a good selling point, and then sell it. If there are many buyers for a product, you can sell it for a profit. Otherwise, you could lose money.
If we take CFD contracts, then, as the reviews of traders show, the broker provides the opportunity to trade oil in the same way as currency, only with a different leverage and margin level. Trading oil through CFDs means that you do not own the underlying asset (in this case, oil). Instead, the CFD tracks the real price changes of the asset - per second. In general, CFD refers to special financial derivatives, when buying / selling of which there is no delivery of real raw materials, i.e. the buyer and the seller enter into a "paper" agreement that at the time of closing the transaction, mutual settlement will be made, i.e. the party whose forecast turned out to be incorrect will pay the price difference to its counterparty.
When you think about how to make money commerce crude oil in Kenya, you shouldn't forget that you will have to monitor your investments very closely. If the price moves against your position, you may need to reduce your investment or stop commerce before the price stabilizes. While this sounds complicated, it is often easier to do than say. Just be patient, and you will find that you can safely benefit from your investment!
How to start crude oil trading in Kenya?
A crude oil trading platform is software on a computer or mobile device that allows a trader to analyze the market and manage their trades. Basically, it helps the trader to analyze the market and acts as an intermediary between the trader and the broker.
To be able to buy or sell any asset, you need to register and open an account with us. There are 2 options for counting. Demo or live trading account.
For some people, opening their own account can be a daunting task. This is especially important if you don't know where to start. However, once you open a demo account, you will learn a lot about the best way to start trading. You will be able to gain valuable insight into how the market works and everything you need to do in order to trade successfully. Such education is very important, especially at the initial stage. Although experienced traders also use the demo version to work out a new indicator or strategy. When you open such an account, $10,000 will be automatically deposited on it, this is not real money, and you will not be able to withdraw profits. But as you understand, you won't be able to lose anything either. Everything will remain only in the virtual world. Unlike your experience, which you can then apply in real trading. Try it, it's very interesting!
The demo account can be used to trade oil CFDs. This ensures that you have enough virtual capital to understand the oil trading markets before risking your own money.
When you have the necessary knowledge and determination, you can open a live commerce account with a minimum deposit of $10. Of course, you won't be able to make millions with such an amount, but things will definitely move forward, and you will begin to gradually increase your investment portfolio. Take your time. Try it and you will definitely succeed!
Another point that may be useful to you is that on our platform you can conduct margin trading, that is, attract borrowed funds from a broker. In this case, one speaks of the leverage effect. For example, a leverage of 1:10 allows you to open a position for $10,000 with only $1,000 of your own funds in your account. Good luck!