Crude Oil Forecasts & False Predictions

A Barrel Of WTI Crude Oil

If your'e a WTI and/or a Brent Crude Oil trader outhere reading this, you may have come across articles by so called professionals on a daily basis posted on some of the biggest trading sites on the internet today and followed by thousands of viewers and subscribers.

Some of the main sites you may have come across for your price analysis and trading signals, but not limited too:

Investing.com
Oilprice.com
Fxempire.com
Forexfactory.com

These sites promote articles daily which are all created at least 24 hours before posting. The times they auto set to post the articles are carefully planned in correspondence with current market performance. Anyone following these clowns would be a fool to believe that they are not trading against you!

Yes that's correct, these information providers are NOT on your side. As a trader myself for almost 10 years I have witnessed traders losing money consistently following these forecasts and ridiculous targets. Traders are helpless when they have lost and these analysts are not answerable when they have assisted in those losses.

They tell you to buy when prices are extreme resistance highs, and sell when prices are in extreme support ranges! The market will pause for about 28-48 hours whilst it collates as many traders as possible in to going the wrong way and then BANG, the trade goes against the analysis and more importantly your trading account!!! Don't believe me? Take a step back and read some of the traders comments on trading forums, be careful though, you have a-lot of people posing as retail traders but they are agents of some of the biggest hedge fund and brokerage companies around.

Here is just one classic example of this link, (this happens everyday) this article was posted on the 28th of June (a Sunday) and later changed to the 29th of June. It mentions how sure their so called trading prediction system predicts the price of Crude Oil WTI. Alongside this there is so much market hype around global collapse along with GBP falling very low continuously based on more hype. The price of Oil at time of posting was around $56.00 a barrel. Today only 24 hours later Crude Oil WTI is trading at $58.20 a barrel and still rising. You don't need to be a mathematician to work out how much of a loss this could potentially be for thousands of traders around the globe.

The funny thing is that not only do they give you bad advice, they charge you a subscription for it!

Lesson learned? Don't take advice from the big guns unless you have done your homework. Don't pay a subscription for trading signals! There is no money back guarantee. Don't trade with a broker that is not regulated by the FCA Financial Conduct Authority.

Here is a link to the best FCA regulated broker that I have used for the last 7 years with no issues whatsoever. I have made withdrawals in excess of £250,000 in that time frame and invested £50,000 to begin with. I am by no means asking you to invest that amount but merely giving an example of there legitimacy.  Regarding trading signals, try to follow analyst less and follow your heart more, learn the basics of trading and trade small amounts, NEVER max out your margin level unless you want to lose!

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