Best Way to Trade Crude Oil? 🛢️

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The best way to trade crude oil. Which trading instrument? Which trading strategy? Should you use certain exchanges to save on spreads and commissions? How much is a fair spread in this market? Crude Oil - we have WTI (West Texas Intermediate) and then we have Brent Crude. One is traded on IMEX, one is trade on the ICE exchange. You can trade either of these. If you go directly to the exchange - say CRUDE OIL (NYMEX:CL) it is going to be a minimum of 1 contract and its $10 per cent move. Oil moves in cents so if its $50.82 - if that moves to $50.83. If it moves $1 you will make or lose $1000. This can be prohibitive for smaller traders. You can also trade it using a spread bet or CFD, futures, ETF (say USO) or options. What's the best instrument to trade it? What trading strategy to use and what news or reports do you need to keep abreast of? Using a price action strategy works well with Oil in the right market conditions. OK.P

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[ukspreadbetting]

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[justdoit]

best channel. like the style. quick and to the point and without playing smart with normal language. you know when somebody just repeats what he reads in a book or if someone does it actually on a regular basis.

[TheWhiteKnight]

You missed the best one to trade which is CL's younger brother on Nymex. Tight spreads, good liquidity and half the size. The ticker for the e-mini crude oil contract is QM.

[asteroidsky]

Oil prices are easy to trade if there is a moving event.
Thanks for the professional explanation

[IronMike-gznp]

I have two friends one is Forex trader and another one is Commodities trader, I am interested in both. Both friends love their expertise and praise it. I can`t choose one, I really need a person who would tell me which is more difficult to trade, which one has more profitability less loss ratio. Which one is less stressful. Which one can lead to millions sooner if done properly. At the end of the day, we all trade because of money. I am personally not greedy, not emotional person. I really want to choose one that fits my personality and become an expert in it. Because I believe that it is not good to trade all instruments at the same time. Better to choose one, narrowing the focus. Hope to hear from you. Thank you.

[conkers]

there is always something news related but its never obvious what the outcome in the market will me advise you not to try guessing news or even caring about it, find an edge in price behaviour, back test that edge....build statistics from that edge and frame a rvr and a behavioural framework to keep yourself in. make it as mechanical as possible so back tests prove as close to live as humanly do not use any indicators like MA's Stochastics etc as in back test it wont prove true too live unless you replay the data and test yourself that way

[dandanndannnnnn]

Always look forward to watching your videos Mark. I learn something new regularly from them.


p.s I'm watching this video the week after the Saudi oil rig attack and it was very interesting to see how it affected to oil markets. Feel sorry for anyone that got caught out by the almost 15% gap up on Brent & WTI 😬

[wctucker]

Really appreciate your take on this topic. I think you do a terrific job Thanks

[WolfofChappaqua]

New to trading crude oil, coming from trading stock indexes. I always apprciate your insight. Thank you!

[BodybuildingAustralia]

Hi when you buy WTI example 100 barrels .and the contract ends June2020 what happens if you're still holding the barrels .i understand these are the future exchange .you don't physically own the crude oil barrel. Thanks

[alimuddinsheikh]

Thanks for increasing my (body of know) about crude oil trading

[jonathanlee]

👍Thanks: eager and sincere -- not at all snooty or condescending in the way of many our Brit financial pros. 👍

[rbbtllc]

I am PA day trading / scalping CL on the 1-min Heikin Ashi, 6 period MA, and MACD. Thoughts? Thank you.

[TGFTTGFFGTTRUEFHROWHEF]

thank you for the guide. may god bless you with fortunes..

[Rao]

Thank you for the valuable information 👍🏻

[craigsanders]

What are the official opening and closing hours of US crude oil in order to set pivots up on IG from within UK. Im trying to find official opening and closing prices. Cheers

[charldon]

The first half is all about pips. I didn't learn any strategy.

[justfly]

How do you guys feel about GUSH these days. Many of the oil ETF's are delisting 😬 I hear that GUSH just changed from 3x to 2x. So that totally screws the guys that rode oil down and are counting on recovery. Any thoughts on if GUSH is going to be around? Will it perform at 2x as promised?

[Ghgh]

Nice video. many thanks for this. Am I correct in understanding that WTI currently trading @ circa $23; one would need in excess of $23, 000 just to trade the underlying asset on NYMEX without being stopped out if WTI fell to below $1 per barrel?
Whats the best way for me to trade the underlying asset on NYMEX? Do i still need to go through a broker?

[theracingline]

I'm relatively new to trading and I've been trying to figure out how to trade oil in Hargreaves Lansdown for some time now. Do you have any ideas?