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 ...

What is CMS


 What is CMS


In today's world, only a small part of sites are created from scratch, i.e. through full-fledged programming, development of functionality, interface and the entire logic of the site, usually this is how large information systems or some specialized services are developed.


Most websites today are built using so-called "content management systems (CMS)", commonly referred to as the "website engine". But what is it?


CMS is an application (a set of scripts) that can be installed on hosting and created with the help of it your own full-fledged personal website and its further maintenance, i.e. fill and edit the content of the site (its content).


At the same time, you will not be programming in the classical sense, i.e. You do not need to know programming languages, you will not write code, you will create a website by installing the necessary extensions (plugins), configuring these extensions, configuring the CMS itself, this whole process reminds me of the process of setting up the operating system (Windows or Linux) for yourself, those. If we draw an analogy, then the operating system acts as a CMS, and the programs that you install into the system act as extensions (plugins).

In other words, websites today are created in exactly the same way as you set up an operating system, install programs into it, and set up these programs without programming at all.


Thus, in the modern world, creating a website is actually quite simple, you just need to know the basic principles of working with CMS.


The whole problem is that there are a lot of such CMS, some are aimed at creating blogs, some are aimed at creating online stores, some are paid, and some are free, the same can be said about extensions, there are extensions paid, and there are also free.


Therefore, in order to create a website, a person needs to select a CMS, configure it, select the necessary extensions, and configure them, as well as check the correctness of their work.