Oil Trading Long - Oil Trading Short - Crude Oil Trading Charts
In oil trading, there are two types of oil trades, these two are:
- Long (buy) - Going long means the oil trend is buy/bullish.
- Short (sell) - Going short means the oil trend is sell/bearish.
Buying/Long vs Selling/short in Oil Trading
Both terms in Oil trading, refer to things traders do when opening a crude oil trade.
Buying Long - oil term used by traders when buying oil(when opening a buy oil trade).
Selling short - oil term used by traders when selling oil(when opening a sell oil trade).
Long - Long is another term used to refer to buying in crude oil, If a oil trader goes long it means that he buys the oil that is heading in an upward trend direction. When the crude crude oil trading price is moving in an upward oil trend the oil trend is referred to as bullish oil trend.
Short - Short is a term used to refer to the selling of oil that is going in a downward trend direction. When the crude crude oil trading price is going downwards then it is referred to as a bearish oil trend.
Basically the term, "selling short" can be refer to selling in the oil markets. Selling short is used to transact a oil that is predicted to depreciate in value compared to another, when this oil is sold then it is the same as not holding value in this crude oil and holding the same value in another form against which this oil is traded against - mostly US Dollars.
Buy/Long
If the crude crude oil trading price is going up we buy, this is referred to as going long - Therefore long is just another name for buy. When the oil market oil trend is going up it is referred to as bullish, this is when a buy oil trade is placed. A bullish oil trend is identified by drawing an upward oil trend line on a oil chart. The example shown below shows a long/buy oil signal.
Buy/Long
Sell/Short
If the crude crude oil trading price is going down we sell, this is referred to as going short. When the oil market oil trend is going down it is referred to as a bearish. The example shown below shows a downward trend, this is when a short sell is placed. The short/sell is identified by drawing a downward oil trend line on a oil chart. The example shown below shows a short/sell oil signal.
Sell/Short - Oil Trading Buy Trade and Oil Trading Sell Trade
Crude Oil Charts
A oil chart provides a visual representation of crude oil trading prices (drawn on the y-axis) against time (drawn on the x-axis) for crude oil trading price interval. The movement of crude oil trading prices is drawn on these oil charts. The oil chart can be drawn as candlestick crude oil charts like the one below or as line crude oil charts or bar crude oil charts.
Crude Oil Trading Chart - Candlesticks Crude Oil Trading Charts
The three common types of oil charts used in oil trading are:
- Candlesticks Crude Oil Trading Charts
- Line Oil Trading Charts
- Bar Crude Oil Trading Charts
These 3 types are covered in the topic Crude Oil Trading Chart Types.
Oil Trading Software
This is the oil software that is provided by a oil broker to help oil traders place their oil trade transactions. Once you download and installs this oil software on your computer you can then begin to trade in the Oil market. All oil transactions are executed through this oil platform. If you want to learn a oil platform, MetaTrader 4 Oil Platform is a good oil platform to start with.
To set these crude oil trade orders, open MetaTrader 4 Oil Trading Platform, open a "chart", right click on "chart", select "New Order", then select the oil order either sell or buy as shown below. (Short Cut Keyboard Keys - Press F9)
Setting Buy Long Oil Order and Sell Short Crude Oil Trading Order in MT4 Oil Software
