An Oil Trading Robot That Can Make You Rich!
You must have heard a lot about forex robots
You must have heard a lot about forex robots. Everyday, you will come accross a new forex robot. These forex robots are now swarming the market and you never know which one to use for trading. Most of them are good. With the passage of time, automated trading has become more and more sophisticated.Are these robots the holy grail in trading? Definately not! But if you know how to use them, you can make good money with them. This all depends on the settings you use.
Now, this doesn't mean that these robots start trading frentically the moment you install them on a chart. They are programmed so that they monitor the market all the time and only enter a trade when there is a high probability set up. You must have heard a lot about forex robots. Are there robots in other markets too like the stock market, the futures market or the commodities market? You must have heard about a few stock trading robots. The problem with these other markets is that they have many more variables as compared to the currency market. In case of the stock market, a robot will have to analyze something like 50,000-100,000 stocks in order to identify those that are worth trading. This is too much data and requires a lot of computational power. So a stock trading robot may not run on an home computer unlike a forex robot that can easily run on a home computer.
However, the forex market has been taken over by these robots. But have you ever observed while trading forex that most of the brokers also let you spot trade oil, silver and gold from the same platform. Where is the money? In forex, oil or gold?
Now, many people are only trading forex. They never try trading oil or for that matter gold. Do you remember the summer of 2008, when crude oil prices jumped from around $60 to around $150 per barrel in a matter of one or two months.
A trend once starts in the oil market lasts many months as the oil market is inelastic in the short term but elastic in the long term. After a passage of six or more months, people reduce their consumption of oil and so it's demand reduces.
In those few months, those hedge funds and traders who have been trading oil made a fortune. Now it is being said that crude oil prices will again rise from $70 per barrel to around $100 per barrel and hover their for quite sometimes and then eventually reach $200 per barrel in the next few years.
What this means is that if you can position yourself to trading oil at this time, you can reap a fortune in the next few years as the days of cheap oil are soon coming to an end. Good news is that there are traders who have developed robots for trading oil just like the robots for trading forex. Now, you can trade oil on autopilot while you sleep just like you can trade currencies!
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