I would like to get into Crude Oil trading (or commodities trading) but I am not sure where to begin. I don’t want to end up in a situation where I have 1000 barrels of crude oil delivered to my house or something. I simply want to buy and sell commodities without ever having to take delivery of anything. Is this possible?
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I would recommend buying into individual oil company stocks or even a mutual fund that is fully into commodities.
I am a broker out of sioux falls sd. I can assure you that none of my customers ever take delivery. in fact no one really takes delivery anymore, most things are cash settled. If you want more info or would like to talk to a real person please give me a call 888-861-8981. My name is Chris and my company is called swenson investments and commodities.
It is certainly possible…there are lots of online courses..I would check the NYMEX website (which is owned by CME)…they have lots of educational materials….then you would want some good solid daily market direction…at a reasonable price…I would recommendhttp://www.oilintel.com…..they tell you what the market did overnight…break down the movements, etc…they are experienced traders/analysts…good stuff…..I've used it for 3 years….only $14.95 a month…cheaper if you take a quarterly of annual