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Oil Binary Options
How to trade Oil
When it comes to choosing an asset to trade binary (digital) options traders often look to Commodities, and in particular Oil, Gold and Silver. Most broker platforms offer these three commodities at the minimum. Oil commodity is heavily supply and demand focused. There is always much speculation as to the future price of a barrel of oil, and oil futures were around long before binary trading emerged as a major retail investment tool back in 2008.
Commodities are often where traders turn when there is uncertainty in the equities markets. Oil is a favored commodity to trade as the world economy is heavily reliant on it at both consumer and industrial levels. The price is driven by supply, demand and reserve levels. All three factors fluctuate, causing correlated fluctuations in price.
Major economic and political events play a crucial role in oil binary options.
For example, the US Fiscal Debt Talks of December 2012 caused great volatility in the price of oil commodity. Failure of the talks could have caused recession. Recession leads to lower demand for oil. Therefore, the price dropped in anticipation.
As the talks reached a “temporarily” successful conclusion automatic austerity measures were averted and oil rebounded. Oil then corrected as it had rebounded over enthusiastically.
This example highlights an interesting oil trade scenario and some of the research and analysis that those specializing in the commodity must complete.
Oil binary options brokers
Oil price is traded as US dollars and cents per barrel. It is traded on many exchanges including CME Globex, CME ClearPort and Open Outcry FEs. There is plenty of news about oil commodity in the media and expert opinion to use in ones research. There are also many established ways to trade based on technical analysis strategies.
Want to know where to trade oil binary options?
We have done some research on trading oil to save you some time. Here is a list of some of the best oil binary option brokers:
More over, the brokers mentioned above will help you to learn not only how to trade oil and also other commodities and different kinds of assets.
All the brokers` reviews you can find here are tested, varified and approved by our experts. That is why you can be sure that after having chosen any of oil binary options brokers from our list you will get an excellent trading experience. More over, you can easily find binary options videos together with other various education materials almost in every broker. We hope that oil binary options trading will become a new interesting and captivating activity that will bring you high payouts.
Take our Trading Simulator and Financial Calculator, don`t loose your chance to learn your level of knowledge and skills of trading oil commodity. After that you will be able to have the personal consultation from the financial broker`s expert for free. Also, you are welcome to join our Chief Membership where you will be provided with more advantages and rewards from binary options specialists. Now you have an unique opportunity to learn binary trading from its most attractive side, so do not stop and good luck!