The first discovery of crude oil was made in America in 1859. By the beginning of the twentieth century, crude oil supplied approximately four percent of the world’s energy. However, today, crude oil is responsible for supplying about forty percent of the energy in the world with the transportation market being its highest user.

Crude oil is traded in the futures market and it become imminent on the trading floor in 1983. It now happens to be one of the most heavily traded commodities in the world. Futures imply that you are trading the price of the crude oil way in to the near future. Traders usually make speculations that the price will go higher in the future or in some cases the price may go lower. Crude oil futures usually trade in significant units of one thousand U.S barrels or forty thousand gallons.

In order to succeed at the art of days trading, you must have skill and some level of experience. After years of being in the trade, it becomes easier to understand the market trends. Making rush decisions is unwise as you could end up making an expensive mistake. Since day futures involve buying and selling on the same day, quick decisions have to be made. The trader should be able to be constantly informed of what is happening on the trading floor. This implies that one should have the necessary technological tools such as computer and internet connection.

As a trader, it is also advisable to be updated on the latest happenings in the financial marketing. Information in this kind of avenues can greatly assist one is determining the behavior of the particular stock in the market. It is therefore important to be able to analyze the impact of information in relation to the stock that you are trading.

In order to make good profit margins, a trader should have sufficient levels of capital. The higher the capital the better is the chance of making increased profits. Low capital can be a barrier to succeeding in the day futures crude oil trading market.

Tread cautiously as nothing is certain in the futures market. Many people have ended up receiving very hard financial blows because of making rush decisions. The strategy is learn how to analyze market trends as this will form the basis of your speculation efforts. Be very vigilant in examining the stock movements that are taking place.

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