Oil Prices along with currency and gold are one of the main indicators of almost all processes occurring in the world economic system. Political and economic events always stand behind the volatility of oil quotations. Trading Oil Prices is a lucrative way for anyone to make a living - working just a few hours a week instead of slaving away working for the man. Due to the high demand Oil Prices futures give an investor plenty of opportunities to make money. Daily average movement of Oil Prices is around 1%.
With leverage of 100:1 provided by brokers you can turn the 1% into 100%. You may have unlimited profits and by using the 'Amount to risk' function, you can control the risk on each trade.
Beginning in the year 2000, the oil prices futures market detached itself almost completely from the crude market, leading to the assetization of oil prices, and the crippling impact reckless speculation in oil futures has had on the global economy. The futures market magnifies every change in oil prices through the enormous leverage that even the smallest of traders can exercise.
(If you are considering trading oil prices futures it is easy to get a complete understanding of oil prices and how they are determined in today's markets from the book encapsulating everything about Oil Prices by Industry Expert Salvatore Carollo.) Once you have a general understanding of oil prices then progress your education by learning how to trade oil prices via futures so you can made a good living. Open a demo practice account with any broker and practice first. Make sure also to develop your trading skills and acquire state of the art software such as TradeMiner - the best there is for trading oil.A related area of trading which you also should examine is learning forex trading - where there are excellent opportunities to make money daily. You will find the TradeMiner software perfect for forex, oil and all commodities plus stocks. Online Trading is How to Make REAL Money - but only for those interested in BIG $s!
