First of all, if you want to speculate in crude oil futures, the threshold is actually quite high, and your personal assets must reach more than 500,000 before you can open an account. Many people are limited by this threshold, so there is no way to speculate in crude oil futures. If you have sufficient funds, you should also be cautious when speculating in crude oil futures, or I suggest that you can try to allocate funds with crude oil futures. Crude oil futures itself is particularly risky. If you have to do it, you must set a take profit point and a stop loss point.
To speculate in crude oil futures, we must strictly follow our own set profit-taking point and stop-loss point. In the process of speculating crude oil futures, we must be fully prepared, and we must make an evaluation and corresponding plans in advance. In the whole process, we must be strict with ourselves. If you relax, you are likely to suffer a big loss.
Secondly, there are many factors that affect the price of crude oil futures, and most of them are major events. For example, if there is a trade friction between China and the United States, the price of crude oil will be greatly affected. In addition, the price of crude oil futures will also be affected by some brinkmanship policies and the exchange rate of the US dollar. Therefore, when speculating in crude oil futures, we must learn to judge and analyze, and we must know when it is best to enter the market. If you really don't know much about this, then learn more first, and don't worry about investing money first.