How to use the EIA oil report in trading

How to use the EIA oil report in trading The content of the article What is an EIA report What data is published in the report How to use the report in trading Long term trading Short term trading Conclusion In this review, we will consider the weekly EIA report on the state of the oil industry, which has a strong influence on black gold quotes. Many traders closely follow his publications and use the information received when trading. What is an EIA report The Energy Information Administration, EIA, is a division of the US Department of Energy established in 1977. It is responsible for the objective collection of energy data, analysis and economic forecasts. Various reports are regularly published that provide information on energy-related topics. For example, reports on energy stocks, demand and prices. The United States is not only a major oil consumer (approximately 20% of world consumption), but also a leading oil producer. The balance of supply and demand in the US gives a rough ...

Earnings on YouTube

 Earnings on YouTube


Also a very popular way to make money, it consists in the fact that you develop your YouTube channel and place ads on it.

But there will be a decent income only if you have tens, hundreds, or even millions of subscribers (only the target audience!). If there are a couple of thousand subscribers, don’t count on good earnings, this also applies to groups on social networks.

Sale of information products and earnings on affiliate programs
This way of earning complements almost all of the above, it involves the creation of various information products and their implementation, both through your website and through social networks, YouTube and other sales methods. In the case of affiliate programs, you sell not your own product, but someone else's, but you receive a certain percentage of sales.

Information products include various methods of losing weight, gaining muscle mass, training video courses on earning money, working at a computer, creating websites, playing the guitar, books, manuals and other types of information material, in other words, it is the sale of one's knowledge.

Pros - you create an information product once, and receive money from each sale - this is a full-fledged information business that can bring a lot of money.

Cons - You must have unique and useful knowledge, as well as be able to distribute goods on the Internet.

In all cases, success can only be achieved if you have a good distribution channel, i.e. visited site, promoted group in a social network, or connections with such groups, and so on.