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How to trade Energy?
Energies trading is highly popular among commodity traders. Most probably you used to analyizing currencies as a reflection of economies, yet kindly consider looking at energies next time. Considering the balance between supply and demand in Forex market, energies trading is fundamental. Accordingly, the slowdown in economic activities or the geopolitical uneasiness affect the prices of the energy group negatively.
Crude oil and Brent oil are considered favorite products among these products. These two always give opportunities to traders to make profit through long and short positions in Forex market. Before you place your order, remember that energy instruments are priced in US dollar. Hence, while trading energies, it is a must to know the value of USD. Only in this way you can catch the correct trend.
Start to Trade with Venn Prime
Classic Account | Pro Account | Elite Account | |||
---|---|---|---|---|---|
Symbol | Average Spread | Average Spread | Average Spread | Leverage | Value of 1 lot |
USOIL | 20 + $15 | 20 + $12 | 20 + $10 | Up to 1:100 | 1000 |
UKOIL | 20 + $15 | 20 + $12 | 20 + $10 | Up to 1:100 | 1000 |
You can trade the following indices with Venn Prime Securities:
USOIL(CRUDE OIL), UKOIL(BRENT OIL)
Required margin = Lot Size(Volume) * Contract Size * Opening Price * Margin Percentage
Profit or Loss = (Opening Price – Closing Price)*Lot Size(Volume)*Contract Size
*If your base currency different from your account currency you should convert the result to your account currency
In the Market Watch window, right-click on an instrument and select Specification. Then, the swap rates and trading hours will be displayed.
Minimum position size that can be opened is 0.01, and maximum position size is 30 lots.