Crude oil is one of the most popular commodity assets and is always at the top of traders' interest. It is both an interesting and challenging asset and those who understand the subject make a fortune in oil trading. There are many trading platforms available to clients when they want to trade the oil market in Malaysia. And you need to consider some nuances when choosing the best crude oil trading platform.

Your goal when you use a crude oil trading platform is to buy low and sell high. Unfortunately, too many forex trading platforms don't give you the information you need to do it right. Not only do they not tell you what the market is telling you, they don't provide you with the data you need to make profitable trades when you use their trading platform.

Choose your commodities for trading
Choose your commodities for trading

The reason traders like to work on our trading platform is because it provides all the information they need to be able to make quality trades. 

Our brokerage platform provides a selection of bar and candlestick charts which tell you exactly what the market is doing at any particular time.

You can quickly spot the direction of the market and profit by buying and selling at precisely calculated moments. It really is a fantastic software.

One of the best platforms to use if you want to get the best overall information and valuation is our platform. It gives you a wide range of charts and graphs and excellent online support 24/7.  You can go to the market and get immediate information on all the major events that can affect oil prices, quotes, news, etc. If you're not sure whether the odds are moving in your favour or against you, you can use the live chat system to ask other traders for their opinion.

Be sure to learn how to use the technical analysis indicators, the most popular ones are presented here, here are some of them:

  • The Moving Average indicator - to determine the trend. If the indicator line is under the price chart, this indicates an uptrend. And vice versa, when the price is below the Moving Average, one can say it is in a downtrend;
  • Stochastic indicator - to determine the entry point. The main purpose of the Stochastic indicator is to indicate the overbought and oversold levels of an asset;
  • Bollinger Bands is usually attributed to the trend indicator, which helps determine the direction and strength of the prevailing market trend. However, its functionality is much wider - many market participants consider it the best tool for detailed analysis of the current state. Bollinger Lines clearly show the current volatility level of the selected financial instrument, allows to identify a trend and a flat movement, and predict when the latter will end. They warn about the growing probability of a price impulse: the beginning of a new trend or a strong continuation of the previous one. They are the source of trade signals for entering the market and closing positions;
  • MACD is also often used by traders - it is the result of simultaneous estimation of the market by two different moving averages. The logic behind the MACD is that a slow moving average indicates the long-term market trend and a short moving average shows you what is going to happen in the trading area now or in the near future.
Commodities trading platform
Commodities trading platform

You will also want to make sure that your trading platform is secure to protect your cash and your account.

You will want to use every security measure you can find to make sure your money stays safe. You should also take some opportunity to check the statistics on your platform to see how accurate they are. This will allow you to see if there are any errors that you can get around.

Among the main factors you want to look for is the platform's ability to be flexible. You don't want to spend time trying to decide how to get your account ready to go once your account has reached a certain number of investment opportunities. You want your platform to be flexible to allow you to create more transactions in the shortest possible time. Being able to trade using the best crude oil trading platform in Malaysia that you can find will help you achieve that goal.

How to make money trading crude oil in Malaysia?

Oil is a natural, oily, flammable liquid formed from the remains of ancient plants and animals buried in the bowels of the earth, subjected to enormous pressure and high temperatures. Oil is one of the most widely traded commodities, and its price volatility has increased exponentially in recent times. Oil prices are set by two major grades: American WTI (West Texas Intermediate) and British Brent. The difference between WTI and Brent oil is not only in price, but also in the fact that WTI oil has a different density and sulphur content.

Demand for oil depends on the state of the world economy and of course on market speculation. Oil prices are measured in US dollars. Although there has been some discussion about replacing the dollar with another trading currency, no action has been taken. You can buy these grades of oil on our platform, let's look at the specifics of trading this commodity.

Commodities: information Brent oil
Commodities: information Brent oil

Most beginners who tend to trade this way tend to get stuck and end up in losses. This is why beginners should do a little research on this topic before they decide to proceed with their investment plan when investing in crude oil.

The first feature is that you need to keep your finger on the pulse of the market when you plan to invest in crude oil.

Keep in mind that many investors are inexperienced in predicting crude oil price movements. They invest in the hope that its value will rise, especially during boom times. However, they overlook the fact that prices tend to be very volatile. Thus, a fantastic investment strategy for a beginner, when trading crude oil, is to focus on short-term fluctuations rather than long-term forecasts. But the more experienced investors are investing in oil for many years ahead by buying futures.

Long-term trading can be risky, especially if you don't have a clear idea of how the market will move. If you don't have a very clear idea of where oil prices will go in the future, you are likely to end up in a decline. So you should first focus on producing short-term investments and focus on generating profits from those profits.

Commodities: information WTI oil
Commodities: information WTI oil

The price of oil depends substantially on several factors. First, it depends on how much crude oil is needed in the market. Second, it depends on how much oil reserves are left on the planet.

Buying oil futures through a stockbroker presents a number of challenges, such as complicated registration and verification procedures and a rather high minimum purchase threshold. A simpler option for the average trader is to trade CFDs.

CFD (Contract for Difference) is an agreement between a trader and a broker to transfer to each other a certain sum of money from the difference in price between the value of an asset at the moment and its value at the moment the contract is completed. The assets for entering into such contracts can be currencies (Forex), commodities, indices, shares and other securities. Upon entering into a CFD, both parties assume that the assets will not actually be bought; the object of the transaction is merely the price difference between the two. This makes it possible for a trader to make a profit only from a rise or fall in the price of a commodity or stock.

The high volatility of oil gives traders a great opportunity to earn money. "Black gold" is a liquid instrument with an investment appeal. To trade oil successfully on the forex market, a strategy must contain elements of fundamental analysis. A trader should monitor the oil market every day, keep abreast of geopolitical situation affecting the industry and study statistics.

How to start crude oil trading in Malaysia? 

These days, most men and women want to understand how to start trading crude oil in Malaysia. There are a number of reasons why people prefer to trade here. Perhaps they would like to take advantage of the financial advantages of trading here. Or perhaps they want to diversify their resources to reduce risk. Whatever the reason, it is helpful to understand how to open a demo trading account. By doing so, you will be able to have a simulated account and try out all the features that the provider provides.

Registering on the investing platform
Registering on the investing platform

It is possible to open an account with our brokerage company, to do this you go through the registration menu, open an account on our website, and then you will be offered to open a real account or a demo account with $10,000 to choose from. Do not be surprised, this amount is virtual, you do not need to place it yourself. This money will automatically appear in your demo-account and will serve as instructional capital while you are learning to buy products, make bets, learn to read and use charts and indicators, etc. It is worth noting that when you make a profit on a demo account, you will not be able to make it for real. It will stay in your virtual account.

Furthermore, it may seem simple, but it can be difficult if you don't understand what you are doing. There are many things to learn and do in this process, and you will undoubtedly need some training before you start doing it.

A demo account is a great thing, even if you are a beginner. You can then learn about the various transactions, exchange rates and other vital basics that go into trading without worrying about losing cash along the way.

You can also open a real account with a minimum deposit of $10. You won't be able to make millions from such an amount, of course, but things will definitely pick up, and you'll start to gradually increase your investment portfolio. There is no hurry. Try and you will succeed!

Select the type of account for work
Select the type of account for work

So, with the help of our brokerage platform, you can learn about crude oil trading from your home. There is no time limit on when it is possible. It's entirely up to you. If you are travelling somewhere, you can do it when you are on the road. In fact, you can even do it when you're at work. For your convenience we have developed our mobile app, it has the same features as the full trading platform, try it out, it's very convenient!

One last thing to look out for when it comes to choosing trading platforms is to make sure that the information offered to you is presented very clearly and easy to understand.  There should also be a user-friendly interface so that you can easily navigate around the site and not get lost or confused. Once you find a trading platform that meets all these requirements, you will be well on your way to building a strong investment and generating good returns.

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The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose