Trading Financial markets : Oil / Brent Crude

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Dallas
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Sat Jan 23, 2016 3:24 pm

steven1976 wrote:If you were to buy into oil, what is the best way to go about it?
Do you mean to trade the price movements?
Or buying the actual instrument

I use a CFD platforms (plus500 & trading 212) to trade the price movements
Last edited by Dallas on Sun Jan 24, 2016 2:27 pm, edited 1 time in total.

steven1976
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Sun Jan 24, 2016 10:10 am

Yes the platforms and best way to go about it. Do you have to buy and hold onto it for specific amount of time or can you sell it off at any time with oil?

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Dallas
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Sun Jan 24, 2016 11:14 am

Its identical to how its done here you can open and close in secs and scalp the price or hold a position over weeks, months or even years.

I found those two platforms very user friendly.

You can open demo accounts with both for free which works the same a Practice mode on here

xitian
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Sun Jan 24, 2016 11:31 am

What's the instrument you're actually trading though? I presume you can trade oil futures, an oil ETF, or go with a spreadbet on the oil spot price, possibly others? I doubt you want to actually buy a barrel of oil!

What's the recommended instrument, and why, or is it all pretty much the same? I expect it depends on the size you want to trade and the time frame you want to speculate/invest for?

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Dallas
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Sun Jan 24, 2016 11:42 am

xitian wrote:What's the instrument you're actually trading though? I presume you can trade oil futures, an oil ETF, or go with a spreadbet on the oil spot price, possibly others? I doubt you want to actually buy a barrel of oil!

What's the recommended instrument, and why, or is it all pretty much the same? I expect it depends on the size you want to trade and the time frame you want to speculate/invest for?
The platforms i use are for CFD's (contracts for difference) You never own the underlying asset its just speculation on the market price - just as we buy and sell odds on here on the financials its buy and sell the price (effectively trading the price movements rather than the odds)
You can trade 1000s of markets across Forex (currencies), commodities, stocks and indices

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Dallas
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Sun Jan 24, 2016 12:03 pm

PeterLe - WHERE OVER HERE!! :lol:

PeterLe
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Sun Jan 24, 2016 12:12 pm

Dallas wrote:PeterLe - WHERE OVER HERE!! :lol:
Whoops - Sorry; dont know what you mean? :?

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Dallas
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Sun Jan 24, 2016 12:16 pm

Are you bringing your Question on platform spreads overhere - or was it ment for the dutching trhead? ;)

PeterLe
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Sun Jan 24, 2016 12:26 pm

Ha ha! I thought Id posted that! See thats what happens when you need a break! :D :D

Moved Post:

Is there much difference between the spreads with these trading platforms ie Is there a prefered platform for value?
Rgards
Peter

xitian
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Sun Jan 24, 2016 12:37 pm

And with CFDs, is there a funding cost a bit like spreadbets when you have to roll the contract at the end of the term? So would they be efficient if you hold the position for several years for example? I think with CFDs and spreadbets, because they're leveraged products, you effectively get charged interest on the leverage don't you?

Would it be more cost effective for a long term view to buy an ETF which would have no running costs but probably a higher initial broker cost (and no leverage so you have to stump up the complete notional)?

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