Our modern world runs on energy assets. For instance, the daily consumption of oil in the USA is about 20 million barrels, whereas 40 cars can run on one barrel of oil. This astonishing number shows how high the demand for crude oil and its derivatives in our world. However, the supply of oil gets affected by various factors, including geopolitical relationships, wars, and international issues. The difference between demand and supply results in fluctuation in the price of energy assets. This price fluctuation allows traders to make profits by speculating on the future price of the energy assets. However, to precisely predict the market direction and guess the future price of assets, you need to trade with a reputable and supportive brokerage platform. FinCompose is the ultimate platform to get all types of support in energy trading and to have a profitable trading journey.
Trade Energy Assets with FinCompose
With FinCompose, you can trade oil and other energy assets as a CFD. This means you don’t require to purchase and sell oil physically. Instead, you can speculate on the price difference of oil and make money from the price difference if your speculation goes right.
To trade CFDs, you should have a clear idea about the elements of the contract. For instance, you have to look for USOIL to trade West Texas Intermediate because people trade this grade on the New York Mercantile Exchange (NYMEX). If you predict that the price of oil will increase, you should buy USOIL. The purchase price would be the multiplication of the single quantity’s purchase price depending on the number of contracts that you want to buy.
When trading oil, a trader should consider multiple factors, including the peak production theories. According to the theory of peak production, the availability of oil reaches at its peak at one time, then flattens out, and after that starts to decline. Similarly, global warming has also influenced the consumption of oil. For instance, people are switching to green energy sources and reducing the consumption of oil. However, no matter what the circumstance is, oil trading would always be exciting for the traders.
Why Trade Energy with FinCompose?
FinCompose offers an excellent environment to trade oil. By using various advanced analytical tools, technical indicators, fast trade executions, and charting tools of this trading platform, you can effectively recognize the direction of the commodity market, analyze the performance of different energy assets, make the right speculation on the oil price, and execute trades at the right time. the WebTrader platform of this agency allows you to customize your workspace according to your trading style and requirements.
You will also receive up-to-the-minute market information and be informed about recent market changes. Traders can access this trading platform by using their smartphones as well as desktops and enjoy the most user-friendly platform interface. Above all, with this platform, you can take advantage of crucial market opportunities and make exciting profits by utilizing high leverage and tight spreads. Therefore, start trading energy assets now with FinCompose and enjoy a profitable trading journey.