$66
Betfair should have a market on it
Oil - WTI / Brent Crude
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steven1976
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- Joined: Tue Jan 19, 2010 6:28 am
Someone tell the airlines about it.
I know they buy their fuel in advance but I doubt they will be giving a fuel deduction bonus in 6 months time.
I know they buy their fuel in advance but I doubt they will be giving a fuel deduction bonus in 6 months time.
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steven1976
- Posts: 1744
- Joined: Tue Jan 19, 2010 6:28 am
Yeah, air pikey (air Asia). Its only an hours flight. Cheaper coming back on nokair and the birds are better (in case letiss is ever flying in Asia)!
Just pointing out the airlines with their sneaky add ons. AirAsia are actually in the whole very good with not to many charges.
Just pointing out the airlines with their sneaky add ons. AirAsia are actually in the whole very good with not to many charges.
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steven1976
- Posts: 1744
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Thats with premium seat as well which is an extra 8quid for a quick sharp exit!
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steven1976
- Posts: 1744
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Anyway, back to the oil. If you wanted to get on the futures or whatever they are called, what would be the best way to buy at todays price? Im always worried about knowing if someone/company is trust worthy being so close to some big con artists in the stock game so never know where to start.
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marksmeets302
- Posts: 527
- Joined: Thu Dec 10, 2009 4:37 pm
Short answer: Get an account at a broker, buy/sell futures or etc's.
Long answer: try interactive brokers. They have low costs and you can trade just about anything, except for most european bonds. They are one of the bigger brokers out there, seem to be trustworthy and the money you have in your account is covered by fdic up to 250K. The equities in your account are yours - they cannot touch them unless you have an agreement for stock borrowing & lending. Comes with a really nice dashboard they call trader workstation. From there, you buy or sell whatever you want. So, there you have to make the choice of what to trade. There are many sorts of futures. For instance on wti and brent. The brent crude future on ICE has a multiplier of 1000. That means that with a single contract you control about $65000 worth of oil. Don't worry about getting a thousand barrels delivered to your back yard, interactive brokers will close the position for you before expiration.
If $65K is too much bang for your buck, have a look at ETCs (exchange traded commodities). They act more or less the same as stocks and are available in smaller quantities. DBO is a popular etc for oil. You can short them as well, so you can speculate on further decline in value.
Long answer: try interactive brokers. They have low costs and you can trade just about anything, except for most european bonds. They are one of the bigger brokers out there, seem to be trustworthy and the money you have in your account is covered by fdic up to 250K. The equities in your account are yours - they cannot touch them unless you have an agreement for stock borrowing & lending. Comes with a really nice dashboard they call trader workstation. From there, you buy or sell whatever you want. So, there you have to make the choice of what to trade. There are many sorts of futures. For instance on wti and brent. The brent crude future on ICE has a multiplier of 1000. That means that with a single contract you control about $65000 worth of oil. Don't worry about getting a thousand barrels delivered to your back yard, interactive brokers will close the position for you before expiration.
If $65K is too much bang for your buck, have a look at ETCs (exchange traded commodities). They act more or less the same as stocks and are available in smaller quantities. DBO is a popular etc for oil. You can short them as well, so you can speculate on further decline in value.
http://www.ig.com/uk/welcome-to-igsteven1976 wrote:Anyway, back to the oil. If you wanted to get on the futures or whatever they are called, what would be the best way to buy at todays price? .
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steven1976
- Posts: 1744
- Joined: Tue Jan 19, 2010 6:28 am
Thanks Mark,
Have you used interactive brokers yourself and taken money out of the account?
Im not bothered about trading it myself. I just want to buy something at the moment that i would be happy to put at the back of my mind and leave for a few years. Im just worried of boiler room type scenarios, as i've never bought stock or traded contracts. So im just looking for the easiest confirmed trust worthy way of doing it with out it being complicated.
Ste
Have you used interactive brokers yourself and taken money out of the account?
Im not bothered about trading it myself. I just want to buy something at the moment that i would be happy to put at the back of my mind and leave for a few years. Im just worried of boiler room type scenarios, as i've never bought stock or traded contracts. So im just looking for the easiest confirmed trust worthy way of doing it with out it being complicated.
Ste
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steven1976
- Posts: 1744
- Joined: Tue Jan 19, 2010 6:28 am
Have you used these Thenutts?THENUTS wrote:http://www.ig.com/uk/welcome-to-igsteven1976 wrote:Anyway, back to the oil. If you wanted to get on the futures or whatever they are called, what would be the best way to buy at todays price? .
Ste
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marksmeets302
- Posts: 527
- Joined: Thu Dec 10, 2009 4:37 pm
I've used interactive brokers for ten to fifteen years now, and am really happy with them. Yes, I have withdrawn quite a bit of money already. No problems. They sailed through 2008 without a hiccup.
If you want to buy and hold oil, go for an ETC.
If you want to buy and hold oil, go for an ETC.
yes - for many years - they are one of the big boys in financial spread betting. You dont actually have direct market access and someone else is not taking the other side of your bet directly , it all goes through IG Index. The spreads are tight and they just skim their bit in the spread rather than you pay commission. The easiest way in my opinion to take a punt on oil if thats what you want to do - very easy to open account - stick in some money and away you go.steven1976 wrote:Have you used these Thenutts?THENUTS wrote:http://www.ig.com/uk/welcome-to-igsteven1976 wrote:Anyway, back to the oil. If you wanted to get on the futures or whatever they are called, what would be the best way to buy at todays price? .
Ste