To put it bluntly, speculating in crude oil means investing in crude oil, just like speculating in stocks, gold and real estate. It is an investment variety, which refers to the spot contract with specific quality crude oil as the transaction object. Spot trading of crude oil started late in China, but it has been regarded as one of the most promising industries in recent years due to the recovery of market economy.

Spot crude oil investment is a new type of investment with a good trend. Now in the period of low price, the crude oil investment market has ushered in a large-scale bargain-hunting frenzy, and investment opportunities must be seized. Advice for novices:

1, be familiar with the operation, which is the first step, including how to place orders, close positions, stop loss and take profit settings, and various functions of the operating system. Only when the tools are mastered can the foundation of profit be made, and newcomers are prone to make mistakes in busy work;

2. Learn basic terms. Some basic trading terms should be understood, and they must be understood when communicating with others, which also helps to master the basic knowledge;

3. Don't operate blindly. I don't know anything in the early stage. If I am lucky enough to earn a few times, I will be blind and confident and take it lightly. Never make such a mistake. The best way is to find someone who knows and has good skills to teach you and learn from others.

4. Learn more. It is very important that people who can afford it can buy some books to read. It means that it is necessary if you want to do better.

You must learn to stop loss. This is how many novices lose money. I lost money at first, too. Sometimes it seems that the market is tepid. It doesn't matter if you don't stop loss. It will be too late when the market breaks out. This is a bad habit, remember!