Record-Breaking Oil Rally: How To Profit From Tradition-al Market Volatility With PrimeXBT
Following a Tweet from the United States President Donald Trump, claiming to have had direct conversations with both Russian President Vladimir Putin and Crown Prince of Saudi Arabia Mohammed bin Salman that indicated the two major oil producers would cut production by a staggering rate.
According to Trump, Russia and Saudi Arabia may potentially cut oil production output by as much as 10 million barrels, or “maybe substantially more” as demand dwindles amid the state of lockdown much of the world is experiencing to prevent further spread of the COVID-19 out-break.
The reductions were designed to “balance” the oil market.
Oil Prices Set Single-Day Records Following Historic Declines
The news caused record-breaking single day surges in oil prices, just as the commodity closed out its worst quarter ever.
WTI crude closed the day out at a 24.67% gain, setting the largest single-day percentage gain in history. Brent oil, the global benchmark, also exploded by 17.8%, according to CNBC.
The gains barely made a dent in the nearly 60% decline both have seen this year, however, oil prices are continuing to climb.
Coronavirus and Coming Recession Bring Extreme Volatility to All Markets
It’s not just oil that’s breaking records for historic volatility. Major stock indices have also seen a major collapse as investors panic over the coming recession and cash out assets in preparation for the worst.
The Dow Jones Industrial Average recently suffered the worst losses since 1987, easily beating out declines from the 2008 recession. All major indices across all regions registered substantial drops.
Gold, silver, and other precious metals like platinum and palladium all had catastrophic collapses. Silver revisited prices from a decade earlier, however, gold has held relatively well considering the devastation across most assets.
Bitcoin and cryptocurrencies also had over 50% single-day declines, setting records for among the worst one-day drops in the asset class’ history.
Investors Run for the Hills, While Traders Prepare for Profits
The impact of the coronavirus is causing markets to spiral out of control, and causing the most extreme volatility in the last 30 years or more.
Investors may be running to cash out in a mad dash to safety, further fueling the liquidity crisis and intense volatility the market is currently trying to survive.
Traders, however, are salivating at the mouth over how profitable volatility like this can be.
Rather than watch investments plummet in value, or cash out all capital in a panic, traders long and short each peak and trough, profiting every step of the way. And with such massive, record-breaking price movements, there’s serious money to be made for those on the right side of the market.
Take the recent oil market for example. Being able to short a 60% decline in just a few quick months, then open a long for a nearly 20% single-day gain, are legendary trades that can leave a trader set for life and ready for early retirement – a far cry from unemployment line most others are fearing.
Turn Market Volatility in Capital Growth With the PrimeXBT Trading Platform
Whether you are an experienced trader, an investor sick of watching paper gains evaporate, or someone suddenly working from home and thinking about picking up day trading, there have never been more opportunities for profit than the current market volatility.
It feels as though almost every new week, there’s a record-breaking price movement in either direction to profit from. Traders at PrimeXBT have all the tools necessary to take advantage of each market movement, regardless of the direction.
PrimeXBT offers long and short positions on forex, stock indices, commodities, and cryptocur-rencies, at up to 1000x leverage, allowing traders to profit from whichever way the price turns.
Stop-loss orders and built-in charting software can assist with risk management, and with a va-riety of assets, traders can build themselves a robust and diversified portfolio.
Beyond the platform’s advanced trading tools, PrimeXBT has also recently launched a new, ul-tra-fast trading product called Turbo, offering short-duration synthetic Bitcoin contracts that boast profits of up to 90% in 30 seconds.
The trading platform also just introduced the Covesting Fund Management Module beta, a new tool designed to let professional or aspiring fund managers create funds, build a reputation through a public rating system, and entice investors into the fund.
Investors benefit from the fund manager’s trading strategies, while the fund manager receives a profit share from the investor’s portion of profits. It’s a win-win for novices and top traders alike.
Only PrimeXBT offers all of these exclusive innovative tools and this many assets under one roof. Binance, BitMEX, and any other margin trading platforms don’t come close to providing traders with as many opportunities to profit at every turn.
With markets on fire, and more volatile than ever, there’s never been a better time to be a trader. And with PrimeXBT, its ultra-fast, less than 60-second registration, simplistic user interface, and professional tools, it is the perfect platform to profit from the current market environment.