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What are the requirements for opening an account for spot crude oil?
The first is the formal platform to understand the concept and judgment of spot. Investors must be at least 18 years old, and those who are not prohibited from entering the market can open an account with their ID cards and bank cards. After opening an account, they can trade with enough margin. Investors need to provide the following information when opening an account for spot crude oil.

1, ID card, bank card and clearly visible photos of customer agreement.

2. Some exchanges require customers to hold half-length photos of their ID cards.

3. Personal contact telephone number and e-mail address.

4. Account activation funds.

5. When opening an account by entrustment, the customer's account opening agreement is generally filled in by the customer, and the customer can express it to him if necessary.

Investors will have various psychological misunderstandings in the actual operation process, which will lead to operational mistakes and serious losses of account funds.

Therefore, it is very important to understand and overcome the following morbid psychological misunderstandings of investment: blindly following the trend; Indecision; Desire is endless; Treat the financial market as a casino; Hesitant, happy to miss the fighter; Dare to lose and dare not win; Unnecessary panic; Indifference; Dare not lose.

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Maintaining a healthy investment psychology is a necessary condition for investors to correctly understand and practice the market. Good psychological quality can enable investors to exert stronger thinking ability and higher efficiency, make timely, objective and accurate analysis and judgment on fundamental and technical changes, formulate more scientific and reasonable operation strategies and strictly implement them.

Otherwise, the loss of book value caused by market reversal will cause strong interference and damage to investors' analytical thinking and operation, making investors' thinking and feelings narrow and rigid, and it is difficult to maintain a rational and objective attitude to adapt to the ever-changing market conditions, leading to repeated mistakes in judgment and chaotic operation rhythm.

Reference source: Baidu Encyclopedia-Crude Oil Investment

Reference source: China News Network-crude oil futures completed the first physical delivery.