What is crude oil?
Crude oil is the primary commodity from the energy sector. It is much more than a resource that allows us to have petrol, gasoline, and other chemical components – it’s a geopolitical asset. That’s why its price fluctuates a lot due to a number of factors, and potentially provides a lot of investment and trading opportunities. You can trade two primary brands of crude oil with FBS: WTI and Brent.
How to trade crude oil?
Technically, you trade oil the same way as any other asset. Fundamentally, you need to understand the oil market drivers. First, it’s the global oil demand. OPEC’s regular meetings shed light on that so you just have to follow the cartel’s announcements. Second, geopolitical agreements – you won’t miss that as political events such as Russia and Saudi Arabia discords or the US shale are widely covered in the media. As for the market sentiment, technical analysis is applicable here, too.
How to open an FBS account?
Click the ‘Open account’ button on our website and proceed to the Personal Area. Before you can start trading, pass a profile verification. Confirm your email and phone number, get your ID verified. This procedure guarantees the safety of your funds and identity. Once you are done with all the checks, go to the preferred trading platform, and start trading.
What trading account should I choose?
FBS offers various account types designed to meet your needs, including Cent, Micro, Standard, Zero Spread, ECN, and Crypto accounts with unique trading conditions. For newbies who have no trading experience, we recommend opening a Demo account first, and only after that a Micro or Cent account. For those who are not the first day in trading, we advise opening a Standard account – a classic one. For real professionals, we suggest a Zero Spread account or ECN account. Finally, for modern traders who prefer digital assets, there is a Crypto account.
Trade Energies Online
The value is given for 4-digit quotes. In 5-digit quotes the fourth digit after a comma is indicated (0.0001). In 3-digit quotes - the second digit after a comma (0.01). For example, in EURUSD quote - 1.36125; in USDJPY quote - 101.852
Swap Free option is not available for trading on "Forex Exotic", Indices instruments, Energies and Cryptocurrencies.
Notice that in MT5 a commission is charged when you open a deal. In the Trade window for your open position the profit doesn’t include the commissions.