How I Became a Millionaire Trading US OIL

Trading US crude oil changed my life. I didn’t use indicators, fancy charts, or complex algorithms—just pure price action and fundamental analysis. I went from struggling to making my first million, and in this article, I’ll show you exactly how I did it, step by step.

Why Oil?

Like many traders, I started in forex, but it wasn’t until I focused on crude oil that I saw real potential. I quickly realized that crude oil isn’t like currency pairs—it moves based on real-world supply and demand, OPEC decisions, and global events.

At first, I made mistakes. I traded emotionally, ignored market fundamentals, and blew accounts. But instead of quitting, I studied the market, learned from the best, and refined my strategy until I cracked the code.

My Trading Strategy: Pure Price Action and Fundamentals

1. Understanding Fundamental Analysis

I built my entire trading strategy around fundamental analysis. Here’s what I focus on:

• OPEC and Supply Decisions—Any production cuts or increases announced by OPEC can cause huge price swings.

• US Crude Oil Inventories—Every Wednesday, the Energy Information Administration (EIA) releases inventory data. A drop in inventories signals higher demand and often leads to a price spike.

• Geopolitical Events—Wars, sanctions, and economic instability impact oil prices significantly.

• Seasonal Trends—Oil demand fluctuates based on the time of year. Winter increases demand for heating oil, while summer sees higher gasoline consumption.

2. Reading Price Action Like a Pro

2. Reading Price Action Like a Pro

I mastered price action to time my trades with precision. Here’s how:

• Support and Resistance—I identify key levels where price historically reverses.

• Market Structure—I analyze trends, breakouts, and price patterns to determine where oil is heading.

• Volume and Order Flow—Watching price reaction at key levels gives me clues about where big money is moving.

• News and Price Reactions—  I don’t just watch the news; I observe how the market reacts to it. The real money is in anticipating market sentiment.

How I Manage Risk Like a Millionaire

One of the biggest reasons traders fail is poor risk management. Here’s what I do differently: 

I always say to my students that as a trader, my first duty is the protection of my capital, just as it is the duty of an army of any nation to protect the sovereignty of their country.

• Never risk more than 2% per trade—protecting capital is my priority.

• Always Use Stop Losses—I set my stops based on key support and resistance, not random pips.

• Let Winners Run—When a trade goes in my favor, I use trailing stops to maximize profits.

• Hedge When Necessary—If the market is uncertain, I use correlated assets like natural gas or gold to offset risk.

The Trade That Made Me $50,000 Overnight

One of my biggest wins came when OPEC unexpectedly announced production cuts. I had already anticipated this move by analyzing market trends and inventory data. When the news hit, oil prices surged, and I was in the perfect position.

Within hours, my trade was up over $50,000. This moment validated everything—I had mastered the market without using a single indicator. Those of you from Africa like me will understand how much that is. $50,000.00 is not a small amount of money in any country.

Lessons That Took Me from Losing to Making Millions

1. Stick to the Plan

Most traders fail because they change strategies after a few losses. I stuck with my system and refined it over time.

2. Trade the Market, Not Your Emotions

Oil trading is volatile. Fear and greed can destroy an account. I learned to stay calm and trust my analysis.

3. Stay Informed and Adapt

Markets evolve. I constantly study global events, OPEC decisions, and inventory reports to stay ahead.

4. Network with Other Successful Traders

Learning from those ahead of me accelerated my growth. I joined communities, read books, and watched top traders in action.

5. Patience Pays

Trading is not a get-rich-quick scheme. I stayed consistent, disciplined, and persistent, which ultimately led to my success. Be patient. wait for the right setup. 

If I could become a millionaire trader with pure price action and fundamental analysis, so can you. It’s not about indicators or luck—it’s about knowledge, discipline, and execution. Analyze like a pro and execute like a robot without second-guessing.

Start by studying  fundamentals, mastering price action, and sticking to a solid risk management plan. The opportunities are there—are you ready to seize them?