| Anybody here ever trade oil futures? |
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mr0033
First Time Poster
Cash: $ 0.25
Posts: 1
Joined: 10 Jun 2011
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| Anybody here ever trade oil futures? |
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There is a secret out about oil at the website Oil Trading Academy. They claim that the entire oil market is controlled by a computer and they are making fortunes out of it. Have you heard about this? Do you think it could really be true?
Formula for Success: Rise early, work hard, strike oil
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Fri Jun 10, 2011 1:28 pm |
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coaster
Senior Advisor
Cash: $ 1357.80
Posts: 6686
Joined: 11 Oct 2005
Location: Wisconsin
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Yes, I've traded crude oil futures (and options) and there's absolutely no truth in that. It's just another scapegoat to take the blame away from the real reasons for oil prices: (1) supply and demand, and (2) value of the dollar.
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Fri Jun 10, 2011 4:41 pm |
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teena.robert
Preferred Member
Cash: $ 26.20
Posts: 129
Joined: 25 Apr 2011
Location: UK
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| Re: Anybody here ever trade oil futures? |
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quote:
Originally posted by mr0033
There is a secret out about oil at the website Oil Trading Academy. They claim that the entire oil market is controlled by a computer and they are making fortunes out of it. Have you heard about this? Do you think it could really be true?
I don't think so this can be possible for a person. Commodity exchange is a big exchange and it is very difficult to control it by a person. There are many things like coaster said that demand and supply, economy etc, which really affects the market.
Forex Trading | Learning Forex
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Thu Jun 16, 2011 1:28 pm |
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JuliaMi
New Member
Cash: $ 0.60
Posts: 3
Joined: 16 Jun 2011
Location: la
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Can you please add some m,ore information regarding this type of trading? sounds interesting 
shay ben asulin
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Thu Jun 16, 2011 2:14 pm |
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teena.robert
Preferred Member
Cash: $ 26.20
Posts: 129
Joined: 25 Apr 2011
Location: UK
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Yeah sure, Commodity markets define and trade contracts for delivery of any product or service that can be characterized in an interchangeable way. They are complex, and include a wide array of instruments to manage risk.
Forex Trading | Learning Forex
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Sat Jun 18, 2011 3:10 pm |
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