The forms of oil trading mainly include oil futures trading and oil spot trading. Because spot trading is superior to futures trading mode in many aspects, oil spot trading is a widely used and concerned trading method in the world.
The difference between foreign exchange and crude oil:
1. Different funds
Foreign exchange margin trading funds are to be remitted abroad through brokers, and funds can be entrusted through brokers.
Crude oil trading means that the funds are entrusted to domestic third-party banks, and the funds are relatively safe.
2. Different prices
The daily fluctuation of foreign exchange price is small, and the fluctuation of crude oil price is large.
3. Different varieties
Foreign exchange varieties are not conducive to analysis, and crude oil varieties are single.
4. The volume is different
The daily turnover of the foreign exchange market is greater than that of crude oil.
5. Different dealers
Most foreign exchange dealers are abroad, mostly in the United States; Most crude oil traders are fighting in Chinese mainland and Hongkong. The change of crude oil price is mostly caused by the relationship between supply and demand of crude oil itself.