--- title: 'How to Make Money Trading Oil: Easy Tutorial' source: 'https://youtube.com/watch?v=Uuo5G3jAfKQ' video_id: 'Uuo5G3jAfKQ' date: 2026-08-08 duration_sec: 1069 --- # How to Make Money Trading Oil: Easy Tutorial > Source: [How to Make Money Trading Oil: Easy Tutorial](https://youtube.com/watch?v=Uuo5G3jAfKQ) ## Summary The video is a tutorial on how to trade oil (crude oil) using the Exness platform, aimed at beginners. It explains the basics of oil trading, including how to open and close positions, use leverage, and implement a simple strategy based on technical indicators. The tutorial emphasizes risk management and provides a step-by-step guide to trading oil, especially in the context of geopolitical tensions affecting oil prices. ### Key Points - **Geopolitical Context and Oil Prices** [00:02] — The video begins by discussing the conflict in the Middle East between Iran, the US, and Israel, which has led to tensions over the Strait of Hormuz, through which 20% of the world's traded fuel passes. This has caused oil prices to rise above $100 per barrel. - **Trading Oil vs. Buying Physical Oil** [00:15] — The presenter clarifies that traders do not buy physical barrels of oil; instead, they speculate on the price movement, predicting whether it will go up or down to make a profit. - **Impact of Supply and Demand** [00:29] — The price of oil is influenced by supply and demand. If there is a conflict reducing supply, prices tend to rise; if the conflict is resolved, prices tend to fall as supply returns to normal. - **Choosing the Right Oil Instrument** [01:24] — The presenter recommends using the Exness terminal and navigating to 'Instruments' > 'Favorites' > 'Energy' to find oil options like US Oil (WTI) and UK Oil (Brent). They also mention that XNG is American gold. - **Understanding Trading Hours** [02:27] — Oil markets have specific trading hours, unlike cryptocurrencies which can be traded 24/7. The presenter shows how to check opening and closing times for each asset in the Exness platform. - **Market Open Gaps** [03:35] — When the oil market opens, there can be a gap between the previous closing price and the opening price due to events that occurred while the market was closed. This can create trading opportunities. - **Example of a Trade** [04:03] — The presenter shows a real example where oil prices rose by 2.49% at market open due to weekend conflicts, then started to fall. They explain that traders could have sold at the high to profit from the decline. - **Strategy Overview** [04:41] — The presenter mentions a strategy they use, involving technical indicators like exponential moving averages (EMAs) and Fibonacci retracements, to identify entry and exit points. - **Opening a Buy Position** [05:08] — To open a buy position, the trader selects 'buy' and chooses either 'market' (current price) or 'limit' (a specific price). They also set the volume (number of lots) and confirm the trade. - **Volume and Risk** [05:50] — The volume (lots) determines the size of the trade. The presenter advises keeping it at the minimum (0.01) for beginners to limit risk, as higher volumes increase both potential profits and losses. - **Costs and Spread** [06:30] — The presenter explains that trading oil involves a small spread (difference between bid and ask price) and commissions. They note that using their Exness link reduces these costs. - **Leverage and Margin** [07:13] — Exness offers leverage up to 1:2000, allowing traders to open positions with a small margin. For example, with 50 cents, one can open a position, but the maximum loss is limited to that margin. - **Setting Take Profit and Stop Loss** [07:55] — The presenter demonstrates how to set take profit and stop loss levels by dragging on the chart. They emphasize the importance of using these tools to manage risk. - **Volume Impact on P&L** [09:12] — Increasing the volume increases both potential profits and losses. The presenter warns to be careful with volume and to practice with small amounts first. - **Executing a Trade** [10:04] — The process is simple: enter volume, click buy, set take profit and stop loss, and confirm. The presenter shows a real trade that resulted in a loss of $4.21 due to price decline. - **Selling (Short) Positions** [10:56] — To sell, the process is similar, but take profit is set lower. If the price falls, the trader makes money; if it rises, they lose. The presenter shows a short trade example. - **Strategy: EMAs and Fibonacci** [11:36] — The strategy uses two EMAs (27-period and 200-period) to identify trends and Fibonacci retracements (levels 0.23, 0.38, 0.50, 0.61, 0.78) to find entry points. The 0.50, 0.61, and 0.78 levels are considered most reliable. - **Entry Signals** [13:42] — When the fast EMA (yellow) crosses above the slow EMA (white), it's a buy signal; when it crosses below, it's a sell signal. However, entries should only be taken at key Fibonacci levels. - **Profit Targets with Fibonacci Extension** [14:10] — The Fibonacci extension tool is used to set profit targets. For example, entering at a certain point and targeting the 0.38 level could yield a 3.37% profit. - **Risk-Reward Ratio** [15:03] — The presenter uses a risk-reward ratio of 1.5 or 2, meaning they risk $16 to gain $32. This allows them to be right only one out of three times to break even. - **Real Trade Example** [15:58] — The presenter shows a Bitcoin trade with a profit of $82, demonstrating the strategy in practice. They emphasize letting profits run and cutting losses quickly. - **Trading on Mobile** [16:37] — The presenter mentions that trading can be done from a mobile app, and offers to make a video on it if requested in the comments. ### Conclusion The video provides a comprehensive beginner-friendly guide to trading oil on Exness, covering everything from platform setup to advanced strategies. The key takeaway is to start with small volumes, use risk management tools, and rely on technical analysis to make informed trading decisions. ## Transcript hearing lately about the conflict in the Middle East between Iran, the United States, and Israel. They know there's an attack, they know there's a bomb, and everything is quite tense, to be honest. And now another new problem has arisen between these countries: they are fighting over control of oil, or rather, over control of a strait called Ormous, through which 20% of the world's traded fuel passes. One country wants to control the strait, the other doesn't want it to, and obviously that causes the price of oil to skyrocket, that is, to rise a lot. That's what we've been price of oil even rose above $100 a barrel, and obviously in assets where the price rises very sharply, people want to to teach you everything you need to know to be able to trade this asset. And not only will you know how to do it, but I'm mind when operating it. The first and most important thing is obviously to get a platform to operate it on. I use the Exnes platform. As you know, in my other videos I showed it, I teach you how to add money, open positions and more. If you don't know how to use the tea, I advise you to pinned above. that's appearing on your screen, because I'm showing you everything step by step and in 5 or 10 minutes you'll already know how to simple, then they verify it and that's it . Then you obviously have to add money to be able to operate. And before showing you the step-by-step process for operating, I want to clarify something very important, which is that in this case we are not buying the physical barrel of oil. We will never own a barrel of oil. What people usually do is negotiate the price of a barrel of oil. In other words, trying to predict whether the price will go up or down. And based on that, we're going to be making money. How can we possibly have a chance of predicting something like that ? Well, there are several ways, but for know there is a war conflict where this Ormus ceiling that I told you about before, we know that there will be less of that product, therefore the price will tend to rise. Therefore, if that conflict is resolved and an end to that discussion is seen, the price will tend to go down because the supply will return to normal. Okay, now we need to see what kind of oil we want to trade. If this is your first time but for example, notice that if we go here to the left, where it says instruments, this is the Exness terminal. I advise trading from here because it's much simpler. And let's go to the part here that says favorites. We'll even be able to find what would be energy down here, uh, it's the raw materials part. And if we go to energy, for example, we can look at US Oil, which Index. And we see here, for example, that it says UK Oil, this would be the brand. And if we rely on each one, it will tell us, for example, XNG [music] is American gold. The one we're going to operate is this one here. The one above says that the market is closed due to a daily break and will open shortly this on the right, it will tell us that the market is closed due to the exactly when it's going to open. If we want to see something more specific, we trading hours and we will be able to see at what times each asset can be traded Bitcoin and Ethereum, can be traded at any time, but specific trading hours. So, if we scroll down here a bit, looking at raw materials, we'll see, for example, down here in energy, the rent, which is this one opening hours and closing hours. So, in that way we'll be able to know when it's being traded, that is, when we'll be able to buy it and when we'll be that's already open, which opened a moment ago. We see that this is going to appear opportunity to buy or sell. If we look down here, we can see that it just opened here and there was a gap, a difference between the previous closing price Why does this situation occur? Well, because we ca n't buy or sell when the We can start buying or selling after it opens. We see that here I already Now I'm going to show you how it's done. In this case, what happened was that the price rose by 2.49%. Why did this happen? Well, there were more conflicts over the weekend and the market is speculating about all of that. So, they believed the price was going to go up, therefore, that happened, and then, basically, what happened was that it started to go down. What we could have done here is precisely to sell in this high area after the price rose at the opening and make money when the price fell, because we can make money when the price falls. That's what we mean by selling, even if we don't own the asset, trying to predict whether the price will go up or down, and based on that, we'll be going to show you a strategy that I 'm currently using, Bitcoin, and we see that I have a position here that's giving me 52 in profit, and I opened it with only $70 and it's going quite well, but I'm going to close it when I'm earning around $80. That's my profit-taking. I'm now going to show you how to replicate something similar, but with oil. Now that it's wants to operate it. Let's assume that now I believe the price is going to bounce back, that it's going to start going up. It doesn't matter why, it's simply an how a position is opened and closed . If I believe the price is going to that asset. Therefore, I'm going to press the button that says "buy here". If I want to do it at the current price, that is, we see that it is now worth about $98, we select the market option. If I wanted to buy it at another price, for example, when it goes down, I'm going to select " slope" and move this line down to the price I want to buy it at, for example, 97.05, or I can want, but for this example, let's put "market" so that it does it important: volume. This is the number of lots we will be trading. The larger this number of lots, the more money we will be opening more or selling more. We have to be very careful with this because if we could lose a lot of money. Obviously we can gain a lot, but at the same time we could be losing a lot. Therefore, always try to keep this at the lowest possible value, which in this case is 0.01. Notice that if I click on increase it, it will go up, so I'm going to leave it at the minimum. I advise you to practice with the minimum until you get a good grip, a lot of confidence, and only then, if you want, can you start to increase the volume. But anyway, my advice based on the minimum. Now, how much money do I need to open this volume? If this section, it will give us all the understand what we are operating on. For example, to open this position, which 0.0 a lot of crude oil, in this case it is $1,000, it will charge us 30 cents, which are the, so to speak, the fees, commissions, but there is a small difference called the spread, which is we open and the price at which the order is actually placed. It's very small; to cents. Even if you create an account on Exest using the link I've included pinned comment below, you'll be paying even less, because I request it privately. So basically, the spending here is very, very low. I use this platform because it's truly instant, very secure, the number one global platform for retailers, and on top of that, the fees are incredibly low. To be able to do this, retailers use leverage. In 2000. That's why we're going to use very little money. How much? Well, that's what we use here, margin. With 50 cents of our capital we will be able to open a position, that is, we will already be able to open positions. Obviously, nobody is going to try cents because it's very little, but understand that we will be able to open the position with that margin. Now, the maximum we can lose is limited to 50 going to show you. If we go here where it says TPSL, we can see that it says drag to add take profit or drag to add profit. Yes, in this case we want to open with a margin of 50 cents. And notice that if we drag the profit take up to the point it reached a moment ago, we can earn $21. You simply dragged it there and we can potentially earn $21 if this bounces upwards . And if we want to set a stop-loss, because for example we add $100 to our account, but we don't want to lose that $100, what we're going to do is take this and set a stop-loss up to where we want it. For example, we lower it to this point here and see that up to this point we can lose $22. And what it will do is that if we get to this point, we lose 22. earlier, that's also an option, but I always advise having a how to use the platform and how to trade these types of assets. Notice that if I take the stop loss and put it here, indicating that I want to lose $10, if the price drops there, I'll simply lose $10. But why? Because 0.0 is a batch. changes. But if I start increasing the volume here, for example, to 0.02 lots, my loss would already be 20 cents. Because? Because it is double the amount. And if I keep increasing this, notice how the loss keeps increasing, because I'm trading more of these barrels of oil. Therefore, I have to be very careful with the volume I place. Practice with very little until you know how to use it correctly. The same applies to profits. If I put this here and start increasing the volume, notice that if it bounces all the way up here , I'll be earning Yes, I can open this position with just $5 and I can earn up to $240, but the risk of it closing automatically due to a loss is very, very high. Look, in this account I have $17 and if it drops to this capital I have in my account. Therefore, it wouldn't be very smart to risk the money I have right now on a single trade. Therefore, what I would do in this case is lower the volume and that's it. I can I'm trading correctly I'll be making money consistently. But anyway, I hope that with all that cleared up we can move forward. We simply enter the volume, click buy, set a take profit and a stop loss, and click where it says confirm the purchase of 0.01 lots, and there we see that it says open position. We simply have to wait for ahead or behind. close it early, we have a button here that says close position or also down here close position. There we see that it says closed position in stop loss. I ended up losing $4.21 with 21 because the price kept going down, and that's simply how trading works; you make or lose money depending on whether you correctly or incorrectly analyze how the price was going to go. In this case, the price is precisely falling. Ideally, you would trade on the price going down or simply wait for the price to drop to a certain entry point and then wait for the rebound according to your strategy. Now, if we want to we're going to do the same thing, but with the option to sell. And in this case, the profit-taking has to go lower. We do it like this, and the for example. And we can confirm the sale. And there we see that a continues to fall, I'll be making money, as we can see on the screen. And if the price starts to rise, I'm going to be losing out. And we see that the price need to make money. What used to cause us a loss is now that the price falls. Remember, if I want to cancel it early, I simply click here where it says close position and we see the profit here on the left side. Now I'm going to show you the strategy I'm simply base our analysis on four indicators, which we can list here. The first two are two EMAs, they are two exponential moving averages . This will help us everything is clearer. The first EMA will be 27 periods, which is the line you see on the screen, the yellow one, and the other is a 200-period exponential moving average , a slower one that will give us a more accurate entry point. where the price is heading. Without these candles or lines, whatever you want to in this case, which move so abruptly, we can see the white and yellow line better, which gives us a clearer perspective. Next, I'm going to use the tools I have here on the free, which is great for trading. The first thing I'm going to use is a Fibonacci retracement where we mark a lower point and a higher point, which in this case would be this part up here. And we'll see how far the price can fall . The key points for finding good entry points are 050, 061, and 078. We can see this precisely because of these colored lines. Those points are very good for entry, but well, the ones that are most often repeated are 023 and 038, which case we see that after the opening of the oil market, the price decline. There we plotted this tool and we had a first entry point here and we have another second entry point here and finally it converges here at 0.50 which I told you is a good entry point it coincides with the Entering here would be good for us, but we can enter at previous points. In this way, through a strategy we can have entry points, that is, when to buy. If we 're looking at it the other way around, that would be when to sell. How do we know when it's the other way around? Well, very simple. The yellow line, this exponential moving average of 27 periods, the one that moves the fastest, crosses the white line, that is, the one that is slower, the one with a We should go shopping right now, but when? When do these setbacks occur? On the other hand, if the yellow line crosses the white line downwards, in that case we will open sell positions, but only if there are key points. In this case, I only use the strategy with long positions. And enter here or here or at this point? The entry point will be which ones investors and traders use most, but obviously the final decision is yours. How do we know where to profit take-off? Well, for that I'm going to use another tool, the one called Fibonacci extension. We're going to grab the lowest point just like before. We're going to set the highest point the same as before. But now we're going to mark the lowest point of the current trend. In this case, it becomes this red line here. This would coincide with our other entry point at the famous 038. Now, if we go further up, we can see that other levels are being marked. These would be the profit-taking levels where if we enter at this point and look for a quick profit, note that at 0.23 we would have a 2% profit. But if we go up to 0.38 we would have 3.37, up to 0.5 we have 4.44 and so on. Imagine then that we enter at this point here, we would take the profit to the second point, for example, where it would give us $32 in profit. And how do I know where to put a reverse. I like to do it with a risk-reward ratio of roughly 1.5 or 2. Therefore, we would set it at roughly $16 of loss in this case, and there we would lose $16 and gain $ 32 if it's correct. This means we would have to make two incorrect analyses and only one correct one to break even. Now, imagine that we had entered at the very first point , the one up here, in this area here. We would only take profits up here , therefore, we would have accumulated losses up to this significant loss of 1%, let's simulate it, we would be losing about $8 more or less up to that moment if we had caught the first entry signal, the least reliable, because as it is the repeat, you usually grab the 050, 061 or 078. In other words, they are the most reliable. That's a little strategy I use. Here we see that with Bitcoin I'm doing quite well. I have an grab a good entry price after the pullback here and now we are waiting for it to hit our profit target and give us $82. The price can always reverse and end in losses. If I want to secure this profit, I would simply have to close the trade right now , but I'm learning to let profits run and cut losses quickly. I believe that's the best thing to do in these types of operations, but well, that way we can trade oil and the currently experiencing with all the conflicts in the Middle East in an easy cell phone, from an application, yes it can be done from the Exnes tool, you . It's very easy to do it from your cell phone. If you want me to the comments section and I'll bring it to you so you can do it long as the market is open, obviously. I hope you found the information useful and that you enjoyed it. Remember that all the links you description and in the pinned comment. And if you have any questions, you answer them as soon as I can. If you liked the video , don't forget to leave a like before you go. And if you want to see more videos in the future, subscribe to the channel and activate the bell so that YouTube notifies you whenever I upload you enjoy trading and want to learn from others, we have a trading group that will also be down there or via the QR code on the screen, where you can interact with lots of people about trading, whether it's gold, cryptocurrencies, or even cryptocurrency memes. There's a really good vibe there and it's all about trading, so you can go visit same thing as you. Okay, I won't drag this out much longer and I'll see you in the next much longer and I'll see you in the next video. Goodbye, Crypto Trader.