【CFD Special Feature ④】 CFD Popular Stock No.1 Crude Oil | Attracting great attention from futures and CFD traders [Koji Yamanaka]

Specialist profiles who provide explanations: Yasushi Yamanaka

Director of Ascendant Co. Joined Bank of America in 1982, promoted to Vice President in 1989, Proprietary Manager in 1993. In 1999 he became Deputy Head of the Foreign Exchange Funds Department at Nikko City Trust Bank. Established Ascendant Co. in 2002.

Official blog：Forex information distribution site provided by Ascendant/Yamanaka

Twitter：https://twitter.com/yasujiy

Not only trading, but also understanding economic trends

We spoke with Mr. Yamanaka about the characteristics of crude oil.

“Crude oil is influenced more by actual demand than speculative movements, and among market participants, it tends to be affected by the trends of industry players. There are derived products such as gasoline and kerosene, and these refined products are strongly influenced by seasonal factors, so looking at crude oil and various petroleum products is important for assessing economic trends.”

He also shared trading points.

“Except for the fact that actual demand has a large influence on trading methods, fundamentals, news, and technicals are no different from FX trading. However, because the price volatility is often significantly larger than in FX, careful attention to trade size and stop-loss levels is necessary. For swing traders, a stance of smaller position sizes with deeper stop losses seems advisable.”