Oil, a non-renewable resource, is a significant and volatile commodity due to its finite global supply and fluctuating demand. As oil prices rise, investing in this precious commodity can be a lucrative opportunity. eToro's trading platform offers the chance to trade oil, and I've prepared a detailed guide to help you navigate this. Additionally, I'll share personal insights that might prove beneficial.
76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
On eToro, trading in oil means dealing with Contracts for Difference (CFDs), not owning the physical commodity. The allure of CFD trading lies in its ability to speculate on market movements without the need for physical possession or storage of the commodity.
Having traded oil on eToro on multiple occasions, I've observed several advantages:
Accessing the crude oil asset page on eToro directs you to the Overview section, which serves as a comprehensive hub. Here, you'll find several key elements:
What sets eToro apart are the integrated tools that enhance trading experience:
To trade, simply search for the crude oil asset, select "BUY" or "SELL", enter your investment amount, set your trade preferences, and execute the trade.
That's everything you need to know about trading crude oil on eToro, whether using the web platform or mobile app. Remember these insights and apply them strategically in your online trading journey.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply. Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
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