The Strait of Hormuz has reopened, and the tense situation between the US and Iran, which lasted for 5 months, has suddenly cooled down.

A bunch of people in my friend circle are shouting that crude oil is going to crash, and they are starting to blindly short it.

As an experienced trader, I tell everyone a truth: the first wave of noise after the news drops is mostly 90% noise, and blindly chasing a one-sided market at this time can easily get you caught in a squeeze from both ends. The real profit zone is often in the second wave of rebounds or declines.

This time I didn’t sit on the sidelines and watch; I jumped right in.

Recently, I have been focusing on the fluctuations in commodities and foreign exchange, mostly playing with #Bitget CFD. Their newly introduced 【dual-track trading engine】 is really quite something:

• 0 fee model: to put it simply, that means 0 transaction fees. All trading costs are clearly included in the integrated spread. When we open or close a position, just a glance at the spread lets us know what our costs are, the invoice is extremely straightforward. This is especially suitable for swing traders like me.

• ECN model: Provides the ultimate naked spread across the network, which is the most original and lowest market spread. Additionally, fees are charged separately based on the user’s trading volume, making it particularly suitable for short-term high-frequency traders.

The most exceptional feature is “no-loss transfer”; many platforms will directly zero out or freeze your experience funds and margins if you switch account modes. Bitget has achieved a 100% capital no-loss transfer, with experience funds intact when switching modes, which is truly commendable.

In comparison, many traditional commodity platforms require a starting deposit of several thousand dollars, which is very unfriendly to players coming from crypto. Whether with the 0 fee model or ECN account, Bitget has zero thresholds and no minimum deposit limits. Paired with up to 500 times leverage flexibility, even with rapidly changing situations, we can use very little capital to trial and capture significant fluctuations in oil and gold while learning and earning at the same time.

Most importantly, Bitget’s copy trading is also very powerful; even if newcomers do not understand geopolitics, it doesn’t matter, as the copy trading community data updates every hour. The profit share for leading traders has been increased to 30% daily, directly attracting the top experts from across the network, allowing you to just copy trade from the community for free and utilize their smart brains!

The market has already started moving. It’s worth a try! 🧐DYOR

#BitgetCFD #WTI #XAU

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