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Welcome to Oil Folex! If you want a user-friendly and versatile platform to trade in oil and gold stocks, then this is the platform for you. It doesn’t matter how much experience you have (or don’t have) with trading stocks. You can get started today by taking a few minutes to fill out the simple signup form.
Information was not as freely available as it is now. Today, anyone with a desire to get involved can access a range of domestic and international markets and start trading with very little capital. As a result, there has been an exponential increase in the number of retail investors. So, whether you want to start trading occasionally or as a full-time trader, there is no limit to what you can achieve.
As a new trader, one of the decisions you are going to have to make is on what to trade. The markets continue to expand, and this gives you a range of options. Each market has its pros and cons, so you have to weigh out the trading expectations, knowledge requirements, and risk profile of each market you look into.
Some of the options you have to trade include stocks, forex, cryptocurrencies, commodities, and even options. Gold and oil are two of the top commodities to trade. When you look at market trends, you can see that the prices of these are on an upward trajectory. One way to enter this market is by trading in oil and gold stocks. This avenue can be more rewarding than trading the commodities directly because you can target companies in the market that are strategically positioned to get the best trades from the upward trends.
It’s also good to understand the difference between being a trader and a long-term investor. With the former, you look for strategic entry and exit points into the market to make short-term trades. In the latter, you buy stocks to hold for a longer period to allow them to appreciate.
Once you have done your homework and are ready to enter the trading world, you have to decide how much money you can afford to trade with. At Oil Folex, we want to make it as easy as possible for you to get started. For that reason, we allow our members to start trading on the platform with a small investment amount of $250. This is great news, especially for beginners.
One of the temptations many newcomers face is that of starting with too much money. It's always better to buy a few old and gold stocks, to begin with, and gradually invest more and more as you become confident and comfortable with the market. Starting small is the best way to learn and manage your risk and expectations, but we discuss this in more detail a little later on.
Another one of your resources that you have to plan is time. How much time are you willing to devote to learning, trading, and tracking the market. If you have a full-time job and many other commitments, the amount of time you have available to trade may have more restrictions on it. If you want to become a full-time trader eventually, you have to grow into it. It's never a good idea to dive in headfirst without doing the necessary groundwork and building the necessary knowledge and traction.
One of the best things about Oil Folex is that you can access the trading platform from anywhere, as long as you have an internet connection. You could be taking a break at work or even traveling, but with the app on your phone, it couldn’t be easier to check and adjust your stockholding position on the go.
Once you begin trading, another important thing to do is to keep track of the news and market happenings that could potentially affect the stock price. Oil Folex helps you track many market movements with our signals and insights. You can also look at other resources to find news that could potentially affect the market in general, and more specifically, the particular stocks you are trading in.
Patience is an important trait of the best traders. Many people think that patience is only critical when you are looking to be a long-term investor, but this is far from the truth. As a trader, you have to be patient to wait for a lucrative entry point before you buy any gold or oil stocks.
If you have disposable income waiting to be used to trade, but there are no outstanding entry patients, you have to have the patience to hold on to your money and wait for the right time. Without patience, you are likely to take action at a time that is not ideal and miss out on better opportunities down the road. You never know what is around the corner and when there might be a market correction or temporary dip in stock prices for you to take advantage of.
Last but not least, one thing every trader needs to work on developing is an investment or trading strategy. This is where you think about what you are hoping to achieve. If you have bought into a particular gold stock, for example, you need to decide ahead of time when you are going to exit your position. As a trader, in contrast to a long-term or dividend investor, you are looking to enter and exit positions quickly to make some quick, smart trades. Once you have sold your stocks, you can reinvest them in the next trading opportunity that presents itself.
Your trading strategy is a form of advanced decision-making so that you are not swayed by emotions in the moment. When you make trading decisions based on excitement and emotions, you are likely to get off track and not make the most sound choices. With your trading strategy, you can decide when you are going to exit a particular position. It helps you answer the question of when the right time to sell is. As an example, you can decide that you are going to sell off a particular percentage of a gold stock when the price appreciates by 5%, 10%, or 20%, depending on your projections.
You can always adjust your trading strategy as more insights come in, but the one thing you don’t want to do is not have one at all. Without an exit strategy, you can end up losing because you were never willing to sell your position in a stock on the rise.
Picking the right stocks is a very critical part of becoming a successful oil and gold trader. The gold market could be performing very well, but if you pick a gold stock from a company that is having internal challenges, for example, you are not assured of having a winning horse. There are so many factors to look at when you are picking a stock. For the trading beginner, it can seem a little overwhelming.
Using Oil Folex is one way to simplify the trading experience and flatten the learning curve because you get to make use of market insights, learning tools, and vital trading signals to help you make better trading decisions. Not to mention our AI trading robot that let’s you set parameters and can do the trading while you work, exercise, or do anything else!
We recommend that you always refer to reliable sources of real-time information when you are picking an oil or gold stock to back. Besides the Oil Folex platform, you can look at leading investing news sights, business new papers, and other trusted investment gurus. You can combine your learning and analysis with their expert recommendations to decide on which stocks to pick. If you are part of an investment network or community or traders, it always helps to have someone to bounce your ideas off of in real-time.
For some additional tools and tips about how to pick the right oil and gold stocks to invest in on Oil Folex, you can check out the points below:
The unit gold price and the oil price per barrel are important metrics to keep track of. These are affected by a lot of things including politics and trade relations. Once you know what is happening in these commodity markets, it guides you about what to expect from the individual oil or gold company stocks that you are eyeing.
Doing some fundamental analysis on the financials of a particular company can help you find a winner. Research the earnings growth, relative market position, price to earnings ratio, dividend history, and company management to get a better idea of where the company is headed.
It’s easy for a newcomer to be pulled in by the allure of trading and everything the market has to offer, but such high expectations can set them up for failure and lead them to take unwise risks.
Risk management is one of the key requirements for any trader to have, regardless of how long they have been in the game and what scale they trade at. First, you must know your risk appetite and what level of loss you can handle. Some types of investments are riskier than others, so it is best to do some research before you dive all in. Another essential trading nugget is to only trade with additional capital that does not have obligations attached to it.
If you are interested in trading in oil and gold using our software, you may have some questions about what you can expect and how to get started. Here are some of the most frequently asked questions.
All you need is an internet connection to connect to the trading platform on any device—a computer, phone, or tablet.
Yes, this is a great time to learn how to trade. Our platform is easy to use, even for the complete beginner. Oil and gold are two of the best commodities to trade, and there is a lot of information available for you to learn the ropes and get started with trading.
There's no simple answer to this question because everyone is at a different financial level, but here are a few important facts to remember. Only trade disposable income, don't borrow money to trade and make sure that money is not committed elsewhere. We keep our trading minimums low at Oil Folex to make the platform accessible to everyone. We also recommend that you understand your risk tolerance, manage your expectations, start small, and have a trading strategy.
At Oil Folex, we allow users of the platform to trade in a wide range of oil and gold stocks. There’s no easy way to guarantee fantastic trades because it all depends on what stocks you pick and how they are performing in the market. Each oil and gold company is managed independently, so there is no way to estimate how your trade may turn out. It is, however, helpful and essential that you keep track of the commodity prices of gold and oil, as these are going to affect all the players in these industries. Our platform does help you to stay abreast of any such developments. Before you make your trade for a particular stock, make sure you have done your due diligence.
Registration is free. All you have to do is enter your details and contact information to gain access to the site.
Yes, it is very easy to withdraw your capital and transfer it directly to your bank account.
When you trade anything, be it stocks, forex, or cryptocurrency, there is a risk associated with it. When the price of your oil and gold stocks goes down, your capital is also going to go down. On the other hand, when the prices of the stocks in your portfolio increase, you are going to see prices fluctuate.