Oil

Status
Not open for further replies.
2

21yearoldinvestor

Active Member
Joined
Dec 28, 2019
Messages
47
Reaction score
26
What is the best online platform to long oil? Easy Equities doesn't have Oil ENTs anymore and their site not reliable at all.
Are you going to long Oil or wait until the dust settles?
 
21yearoldinvestor said:
What is the best online platform to long oil? Easy Equities doesn't have Oil ENTs anymore and their site not reliable at all.
Are you going to long Oil or wait until the dust settles?
Click to expand...

It really depends....are you looking for options, futures, CFD's or just an investment.

Investment is safer so USO is quite a widely held ETF

www.tradingview.com

USO Stock Fund Price and Chart — AMEX:USO — TradingView

An easy way to get United States Oil Fund real-time prices. View live USO stock fund chart, financials, and market news.
www.tradingview.com www.tradingview.com


www.investopedia.com

Top Oil and Gas ETFs

The top-performing funds are Invesco Dynamic Energy Exploration & Production ETF, iShares U.S. Oil & Gas Exploration & Production ETF, and Energy Select Sector SPDR Fund.
www.investopedia.com www.investopedia.com
 
bchip said:
It really depends....are you looking for options, futures, CFD's or just an investment.

Investment is safer so USO is quite a widely held ETF
Click to expand...
CFD's and options with at least 10x leverage. No risk no reward.
Looking to throw some money that i don't need at it LOL
 
Lol you guys are crazy this is pretty much gambling not trading...
 
Daruk said:
I wouldn't.
Click to expand...
Well put! When you guys select single stocks commodities or forex you are exposing yourselves to some of the highest risk investments. Yes you can make a killing but you can also make insane losses. You gotta decide whether you want to do that. Now is honestly not the time to potentially throw money away
 
Rather go leverage on bitcoin then if you also looking for high risk / high reward. It is, at least, the less manipulated commodity of the 2 so your risk is somewhat lower.

If you hell bent on investing in oil then as @bchip mentioned, look for an etf.
 
acidrain said:
Rather go leverage on bitcoin then if you also looking for high risk / high reward. It is, at least, the less manipulated commodity of the 2 so your risk is somewhat lower.

If you hell bent on investing in oil then as @bchip mentioned, look for an etf.
Click to expand...
and you can trade it 24/7 on proper exchanges not these exchanges that crash when 100 people are on it trying to sell sasol...
 
21yearoldinvestor said:
awesome! So Bitcoin it is then! What sites do you reccomend to trade bitcoin?
Click to expand...
Hey there is loads of risk here, on the SA side you can look at VALR and Luno they have decent volumes, binance recently released in SA but has low volumes now. Valr has better rates but lower volumes. I do prefer Valr for my local trades though.

Remember that local exchanges are very iffy regarding time of day when people sleep they slow down alot, international exchanges are pumping 24/7

International exchanges including the international side of Binance has leverage etc, trade safe these are high risk.

I dont like leverage, not my style, nor my risk appetite. If you want any ref codes let me know ill drop you mine.
 
Now is the time to buy oil for next to nothing.

WHEN the world returns to normal, it will be with a bang and oils prices will soar again.
 
USO halted ... these ETFs always dodgy when linking physical to paper and one has disruptions in the market. Something like the BlackRock World Energy Fund is of a much higher quality.
 
Another one bites the dust.... Barclays says it will redeem in full the "OIL" Crude Oil ETN, which is the third largest oil-related ETF.
 
Status
Not open for further replies.
Back
Top
Sign up to the MyBroadband newsletter
X