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    How to Trade Black Gold
    How to Trade Black Gold
    How to Trade Black Gold
    Ebook117 pages2 hours

    How to Trade Black Gold

    By Christo Ricardo

    3/5

    ()

    Read preview

    About this ebook

    Crude oil investing and trading is not for the faint of heart or weak minded. Your trading capital can vanish right before your very eyes should you not be prepared or not have a plan to deal with the brutality and volatility of the crude oil market. How to Trade Black Gold is important for self-directed beginners because it helps them develop the tools and confidence to become successful trading in this volatile market.

    How to Trade Black Gold details a few easy and fast ways in which a brand new self-directed beginner can get into the crude oil sector in their portfolio by buying low and selling high. Trading and investing in crude oil presents challenges that are not normal in other instruments due to the many variables that are involved with its price movement. The markets, especially crude oil only work on supply and demand and that’s it, and you don’t need any fancy indicators to tell you that price is up or down because you can see it right on the price chart.

    How to Trade Black Gold can get any brand new self-directed crude oil trading beginner on the fast track to high profits as long as they are well capitalized and have their rule based core strategy for trading and investing in crude oil mastered! How to Trade Black Gold is going to tell the brand new self-directed beginner crude oil trader only the most important information they need to know right away which will empower them to make money trading crude oil.

    How to Trade Black Gold tells you how to learn it the right way the first time and greatly reduce that long learning curve by showing you what the crude oil market is really made of and what you need to know to begin making money trading in the harsh and volatile market of crude oil.

    LanguageEnglish
    PublisherChristo Ricardo
    Release dateFeb 18, 2016
    ISBN9781524225032
    How to Trade Black Gold

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    • 3/5
      Too much introduction, can jump half of the pages to start reading ...
    • 2/5
      It takes half of the book to start talking about oil and when it finally gets there talks just superficially. Give some nice insights about supply and demand, price level etc, however don’t explain deeply and put Investopedia links. I believe the author was trying just to create another passive income from the book and didn’t put much effort on in it, repeats the same thing exhaustively and emphasizes like a 13 years old putting more letters than the words have. In my opinion, a way to fill up more pages and it’s suuuuuper annoying. Save yourself some time and study on YouTube supply and demand strategy, price level and risk management, he barely talks about oil.

    Book preview

    How to Trade Black Gold - Christo Ricardo

    How to Trade Black Gold

    Crude Oil Investing and Trading for Beginners

    By Christo Ricardo

    Copyright 2016

    The only beginner crude oil trading book you’ll ever need as a beginner trader

    Brand new (newbie) traders all make the same mistakes over and over because they don‘t know any better, after reading this entire book you will. How to Trade Black Gold is for all beginning aspiring investors and traders who are just getting their head around ay trading and swing trading crude oil and possibly doing it as a business.

    Trading crude oil is brutal, so right up front I have you do a visualization to get a picture in your beginner psyche of what will happen if you don’t take you time and learn how to work in this area of investing and trading properly the right way from the first day. Picture yourself throwing all your startup capital into the bon fire at the party you’ll throw for yourself for starting your new trading business up and watch it burn up in smoke and flames right before your very eyes. You smell that? That’s all your money burning up because you went to fast or did not learn what to do the right way from the first day of your crude oil trading business and did not develop the needed edge to compete at the highest level. Trust me when I say, the sharks in the market will chomp up your trading account without hesitation. We’ll get to the sharks a little later on in the book so you know who they are and what they can do to you as a brand new beginner crude oil trader.

    How to Trade Black Gold is going to give you the brutal truth about crude oil trading, whether you’re doing intraday, swing trading or position trading it. What was it Jack Nicholson’s character Colonial Nathan Jessup said in the movie A Few Good Men? "You can’t handle the truth"! Do you want to invest and trade with real information or do you want to be lied too? The only thing in investing and trading that can’t lie to you is price action on your trading chart. Smart money cannot hide what they are doing in the market and it shows up on the price chart you look at every day you just need to be able to spot what they are doing where they are doing it.

    Crude oil trading isn’t really an H&P type of business, what is H&P you might be asking, hoping and praying. You don’t need a rosary you need an edge. I’m not going to sugar coat it, this business is an ugly place for an untrained and underfunded beginner. There are very bad people in the live market who are looking to take all of your money from you, and they will should you not be prepared properly to go to work in the live markets. Again, don’t say I haven’t tried to warn you.

    I have probably scared you a little bit by now as a self-directed newbie beginner however a little fright can’t hurt you at this point, what can though is not paying attention to what How to Trade Black Gold is telling you not to do. Every time you are thinking to yourself oh I will just come back to that or I will skip that because it is not important just think about the bon fire at your party. If you want to get your new money train cruising down the tracks of gold to the front door of your bank every day, don’t skip one word of this book.

    My hope from How to Trade Black Gold is that you understand how important it is to have a competitive edge, especially when trading crude oil, when putting your hard earned money at risk in the live markets. Each day, the wealth from trader accounts is transferred from those self-directed traders without an edge into the accounts of those who have developed that all needed important winning edge. Which one do you want to be?

    <<<>>><<<>>>

    How to use this book if you’re a beginner

    Use How to Trade Black Gold as an overview or a guide if you will, for what to study and learn first to become consistently profitable from crude oil trading. I give you concise information as to what to learn first and what to look for as far as further information is concerned. I tell you only the most critical things to learn first because those are absolutely the most important and the ones that will make you money right away if you do them. How to Trade Black Gold is written to provide straightforward, easy to understand and easy to apply advice, tips and techniques that can be the backbone of any brand new self-directed traders success in the financial markets.

    New traders also spend waaaay too much time on looking for the magical combination of indicators, settings and colors they think will show them something that is going to help them make more money. There are no shortcuts or bells that go ding to tell you to enter the right position so stop looking right now and if you are using something like that and you’re losing money that is why. All you need to see is right in front of you on the price chart and that is price and time. Those are the only things that professionals care about and nothing else.

    How to Trade Black Gold will be an excellent introduction for someone has zero or very little experience in the financial markets for what they can expect to research and learn if they want to have any chance at being successful making real money in the live markets. If you’re brand new How to Trade Black Gold will be an incredible read for someone who wants to get a head start, if you have a little knowledge already and are struggling with your trading and investing I hope How to Trade Black Gold can give you more information and help you learn something new. I purposely do not put any charts or graphs in How to Trade Black Gold and I will tell you why. This is a very good book for the novice as it is easy to absorb information. Since you’re new all you need to do at this point is try to absorb what is said here.

    I have tried to give you in How to Trade Black Gold the truth of what happens in real life, in real time and in real money in the live markets every day. There are no short cuts and you must do the time if you want to drive your own money train. I try to keep the explanations clear concise, simple and uncomplicated. How to Trade Black Gold gives you substantial value and is going to be the foundation of your pre education for trading.

    When you are done reading How to Trade Black Gold you will have an excellent basic explanation of what and what not to do before you even study anything or do any kind of education. The information in How to Trade Black Gold will put you on the fast track to becoming a successful self-directed investor and trader with very little money invested other than the cost of this book, learning it Harvard or Columbia business school would cost one hundred thousand dollars or more.

    <<<>>><<<>>>

    Table of Contents

    The only beginner crude oil trading book you’ll ever need as a beginner trader

    How to use this book if you’re a beginner

    Don’t do anything crazy

    Don’t get information herded and always be aware of what is happening in your market

    Why do you want to trade and invest in crude oil?

    You must become an expert at reading price action on your charts

    If you intend to trade crude oil you’d better like money and have a plan for keeping yours

    You better follow your rules trading crude oil or you’ll get eaten by the Wall Street sharks

    The crude oil market only works on supply and demand

    You can have zero fear of pulling the trigger on a crude oil trade

    Why you don’t need any fancy indicators to make money in crude oil trading

    Ways to play crude oil right now as of the writing of How to Trade Black Gold

    My final advice to self-directed traders looking to trade crude oil

    Bonus section

    Extra links

    Glossary

    Disclaimer

    Don’t do anything crazy

    It is huge step when you make the decision to become a crude oil trader. Most brand new crude oil traders are getting into this business because they think they can make quick money and become rich beyond their dreams. While that could happen and may be true, it is not as easy as one thinks and certainly will not happen as soon as one thinks. There are only two groups of people who are doing business in the markets, the professionals and the retail investors and traders

    What is that lyric in that one song? The lure of easy money has a very strong appeal. Maybe you decided to get into the day trading business of investing and/or investing and trading because you saw some late-night TV commercial about day trading with flashy offers. Perhaps you received a spam e-mail touting some day trading method or system that said you could make easy money in the markets; I suggest you reconsider if that’s the case.

    New people most of the time have not done their research and have no idea they are entering a business where there are people in the live market who will walk over dead bodies to make money, especially in the crude oil arena. They are entering a business where the smart money in the business are looking to drain your trading capital account on a daily basis and most of the time they do because new people come into the business unprepared or at best under prepared as well as underfunded and have not developed a trading edge before they enter the market with real money. Don’t be that trader!

    New traders have no clue who is in control of the markets and when they are in

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