Becoming a professional in the oil trading business requires a lot of experience and patience in order to be successful. The oil trading business is a zero-sum game and therefore losing on trades is a common and inevitable experience. It is however can be very profitable due to the high volatility of oil that is affected by a lot of factors. Therefore if you can stomach losing some money in hopes of gaining a lot more, then you are up for a nice reward if you become successful in this field.
They say that the oil trading business, like any instruments in the financial market, can be compared to gambling as you are only pushing your luck in hopes of gaining a profit. This is not exactly the case. While it is true that risking a certain amount of money is necessary in oil trading business, this field requires traders to have a special kind of analytical skills that will allow them to see the direction where the prices are going. In a sense, this puts the oil traders in the driver’s seat since it gives them the capacity when to make the right calls or transactions.