Hello everyone, I have to say that I love this business, I love day trading oil, and I really appreciate the questions I get from prospective customers for the Oil Trading Group (OTG). There is NO SUCH THING AS A DUMB QUESTION when it comes to day trading the oil markets. Today I spoke with a gentleman that’s just getting started in trading and he asked the question “Why do you trade the CL (oil)”? I get this question all the time and I wanted to answer it with a post…..or……”Why Trade Oil 101”.
When trading oil (CL) there is always the potential risk, but there is also the ability to make substantial profits as well. The CL can be extremely lucrative due to the fact that oil can offer some very robust moves throughout the day. Up, down, it doesn’t matter as you can easily take a long or short position, all with the single click of your mouse.
Oil (CL) also offers great volume and good liquidity as well; oil is one of the most heavily traded commodities in the world. It’s very common to have 300K contracts traded every 24 hours. This liquidity offers day traders good fill prices as well as good exit prices when closing a trade.
This content is restricted to site members. If you are an existing user, please log in. New users may register below for FREE.