A lot of people love to boast about how much money they made trading crypto's in a very short period of time. Well, fella if you want to make a lot of money very quickly I highly recommend day trading oil. Considering that Trump may suspend the Iran nuclear deal. Also, the overall instability in the Middle East, and OPEC manipulating the supply of oil. Consequently, oil is a goldmine.
However, to make a lot of money quickly I use 50X leverage, which is very risky. You really need to do your own research and time the price the best you can, because for example with 50X leverage you can lose all your money if the price of oil drops 30 cents. Therefore, always use a stop loss.
Lastly, the trading platform I like the most is Etoro, which is extremely user-friendly, and what makes it different is the social media aspect of it.
BTW: this is not financial advice, just my experience...BEFORE TRADING ALWAYS DO YOUR OWN RESEARCH!!
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How did you go about it?
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Sign up to etoro, deposit money that you are willing to lose. Today, so far Oil price has been going up, therefore, I bought using 50X leverage. If I thought oil price will go down I would short it. Ultimately, it is about doing your own research and timing the price as best you can.
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noted
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Good luck and let me know if you have any qustions.
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