Become Oil Trader
Oil is definitely one of the foremost commodities that are widely used all over the world and because of it being highly in demand in almost all industry, the very oil industry has been a good place to invest in for you to earn a generous income that can help you in meeting your family’s needs.
If you want to become an oil trader in the near future, there are some vital facts that you need to learn and this article will provide you with that.
The oil industry is one of the biggest industries of the world today. With many establishments and companies needing oil, entering this venture is surely one lucrative venture that people will not want to miss. If you want to become oil trader, you must first know the fact that this is a no-sweat business for it is also encompassed of a lot of important aspects.
The Things You will Need
Contrary to what many people think, being an oil trader will not really require you to amass your own hedge fund or even an investment bank just so you can trade with contracts for crude oil. You also need not have a bank account that contains six figures. All of the individual oil traders can buy as well as sell oil contracts with a little investment, say, $ 1,000. What you will actually need if you are really decided to be an oil trader will be plenty of discipline and of course, an extra strong stomach. The industry of oil trading is highly volatile and you will surely experience here an extra bumpy ride.
The Oil Contracts
The oil contracts are usually traded represent crude oil barrels that are up to 1,000. The brokers in the internet will let you purchase future contracts with leverage that is usually 1: 100 which will only mean that virtually, you can buy a minimum of ten barrels. This kind of position can actually give traders a profit as well as loss amounting to $0.10 every time that the price of oil moves.
Advantage of Oil Trading
One advantage of oil trading is the fact that clients can benefit through market short selling. Short selling is the capacity of sell legally some future contract that will create an open position for the expectancy of a buy back in future time so that you can get a profit from market prices fall.
Futures of Crude Oil
Futures of crude oil can actually give traders the capacity sell or buy quickly without any delay in highly regulated or liquid market. Futures contract is being utilized to sell or buy fixed quality and quantity of underlying commodity, at a specified price and date in the near future. Future contracts can actually be broken down by just making a transaction offset. For instance, if you will buy a futures contract to be opened, you just have to sell a single futures contract so that the market position can be closed.
13 Comments
- we are located in ,Abuja nigeria,i have about 5 years experience in oil and gas sector
- Hi @Raphael, I'm really interested into getting the oil trade. But this is just the begging for me! I am not that experienced yet. I would like to get some advice from you. What would be the fist vital steps of starting and your opinion on the future market of the business? Thank you in advance
- can you send me all the info about oil & gas trader
- interested in becoming an oil broker, how do I get started
- manisha house,kofrad,virar-mumbai,india. interested in becoming an oil broker,how do i get started.
- i have no experience in oil trading but i would love to learn more about it before working in one of the oil trading company : Singapore
- I am a student here in Iran and have been in exprters' contact since long. I can speak hindi,urdu,english,arabic and persian languages. How can i start trading. Mail me.
- I have just finished my degree in oil and gas management, and I will like to become oil Trader and I have no experience at all in oil field. Can you please advice me how I can start trading please mail me. London.
- how do i become an oil trader from namibia
- How do I become an oil trader from Malaysia
- Hi, please I want to start up in oil business, I am currently in London. Please how can I get trained on how to start. I really appreciate your guidance in anticipation.
- Hi, I want information regarding Oil Trade as I don't have experience in this business but really want to jump in. Everyone above hasn't mention email but ask to email, of some one has knowledge about oil trading then please let me know I am dropping my email. I am in the UK at the moment. plamersgreen_1@yahoo.com
- I need to know more information about becoming a trader in Oil and Gas; please email me in Nigeria at mbachuemmanuel26@gmail.com
Comment
Categories
- Franchise Opportunities
- Wholesale Business Opportunities
- Small Manufacturing Business
- Farming Business Ideas
- Unique Business Opportunities
- Shop Business Ideas
- Small Business Opportunities
- Startup Company Ideas
- Home Based Business Opportunity
- Rural Business Opportunities
- Tips for Buying and Selling
- Starting Rental Business
- Ideas for Small Business
- Free Business Ideas
- Internet Business Ideas
- Store Business Opportunities
- Entrepreneur Business Idea
- Retail Store Ideas
- Service Business Ideas
- Advice for Small Business
- Financing a Small Business
- Restaurant Business Opportunities
- Small Business Articles
- Business Marketing and Advertising
- Repair Business Opportunity
- Professional Career Opportunities
- Business Insurance Information
- Instructor Guides
Popular Articles
- How Can You Become a Famous Rapper
- Working as an Insurance Agent
- How to be a Diamond Broker
- What Schooling Do You Need To Become a Nurse
- How to Become an Aircraft Broker
- Starting a Career in Automation Engineering
- Starting a Career in Alternative Energy
- Starting a Career in Analytics
- Starting a Career in Animation
- Starting a Career in Animal Care
