Buy and Sell Crude Oil - Most Profitable Way to Do It By Osite Modozie

Buy and Sell Crude Oil - Most Profitable Way to Do It By Osite Modozie

There is a profitable way to buy and sell petroleum. There are four major things you will need in order to succeed from this business. They are namely:

1. Funds: you will need funds to buy petroleum. You will need a minimum of $100,000,000 US. The amount of money can get you up to 2 million barrels of petroleum. You will also need about 5 to 10 million USD for expenses.
2. Petroleum seller: you will need a crude oil seller or supplier where you can purchase the petroleum from. This one is not a major problem as long as you have the funds.
3. Tanker: you will need a tank where you will be able to store the crude oil. If you want to build a petroleum storage tank, then you may as well rent one. This one is going to be costly, so it is better for you to build your own tank and save cost.
4. Petroleum buyer: this one is also not a major problem. The reason is because they are many buyers of crude oil aggressively searching for available crude oil to buy mainly in USA and Europe. As long as cars and factories are concerned, crude oil will always be in high demand.

The idea to make lots of money from buying and selling crude oil is to buy crude when it is very cheap and sell it when it is expensive. That is you will buy it when the price is low and sell it when the price is high. You will need to buy a piece of land and build the crude oil storage tank that can be able to store as much crude oil as you want. The crude oil storage tank could be an underground tank or surface tank.

Once you have finished building a storage tank, the next step is to buy petroleum. If you have funds at hand building storage tanks that can store up to 2 million barrels of petroleum or as much as you want will not take more than 2 months. The next step is to find petroleum available for sale. This will be an easy process if you know where to look. You can start to source for crude oil available for purchase at oil producing countries. You will be able to buy them through this means for cheap rather than when you do so through resellers.

There are two ways to get petroleum from Nigeria. One is through getting oil allocation from NNPC. NNPC fully means Nigeria National Petroleum Corporation. It is a government agency responsible for selling and buying of crude oil. You will need:
1. Proof of up to $100,000,000
2. Performance bond of up to $1,000,000
3. You will be required to own a local oil refinery, international refinery and a major oil trader.

If you are not ready for these conditions, then you can buy from persons who have already gotten oil allocation. People who have got oil allocation from NNPC must always end up selling the petroleum they have purchased. You can buy from this set of people. Example of this type of oil trader to buy your crude oil from is Yamal Gas Progress etc.

Once you have found a seller, the next step is to negotiate and close a deal. There are four ways used for selling petroleum. They are namely FOB, TTT, TTO, and CIF. CIF means cost, insurance and freight. It is a method of selling petroleum where the seller does everything from loading and sending the crude oil to the place the buyer wants. This kind of method is usually hard to fit and most sellers do not like dealing this way. FOB fully means freight on board.

The most widely method used method for selling oil is TTO and TTT. TTO simply means tanker take over. In this method, the buyer takes over the vessel to his destination, offloads the crude oil and brings it back.

TTT simply means tanker to tanker. It requires the buyer to come with a tank while the oil is transshipped and everything is settled.

Payment for the product is usually through swift or wire transfer. This can either be done through bank to bank by means of MT799. Irrevocable of letter of credit may also be used for payment etc.

Once you have bought the product, transfer the crude to your storage tank and relax. Continue to monitor the price of oil to see when it will increase. Conflicts between Iran and USA, and USA and Iran, and the one between South Korea and North Korea, and North Korea and the rest of other countries can cause the price of petroleum to increase. Conflicts in Niger Delta of Nigeria and Middle East as a whole can also cause the price of crude to skyrocket. Disasters like Hurricane in the Gulf of Mexico and surrounding cities in USA along the gulf may also increase the price of oil.

Once the price of crude increases, it is time to sell it off. If the price of a barrel of crude was at $78 and it increased to $100 or more, I believe you know how much you would have gained. Let say all the expenses you made and the price of a barrel of petroleum stands at $70 per barrel, then crude oil increases to $100 and you sell it off. The amount you will gain becomes $30 times 2,000,000 which will give you $60,000,000. This is cool bucks to make in a day. The way to find buyers for your petroleum is to write a letter with your company letterhead and POP (proof of product) to oil refineries. State the price you want to sell per barrel and anything to convince the oil refineries to buy your petroleum. This is tested and proven to deliver profitable type of oil trading.

Modo Oil Agency is a crude oil company which offers facilitation service to both sellers and buyers of crude oil. We make the selling and buying of crude oil an easy process for sellers and buyers of crude oil. Check it out at http://www.crude-oil-sellers.com/

Article Source: http://EzineArticles.com/?expert=Osite_Modozie

Buy Crude Oil - Ideas to Find a Genuine Seller By Osite Modozie

Buy Crude Oil - Ideas to Find a Genuine Seller By Osite Modozie

People that sell light crude oil are persons who have been given oil allocation by NNPC. NNPC simply means Nigeria National Petroleum Corporation. It is a company owned by the federal government of Nigeria which administers the buying and selling of petroleum. We have a lot of crude oil sellers in Nigeria, but the challenge there is the ability to find genuine and verifiable sellers.

The business of dealing in crude oil is a prosperous and flourishing one as long as cars and industries are concerned. People who purchase crude oil from various countries would want to reach sellers in Nigeria to enable them to buy bonny light crude oil (BLCO). It is an accepted ideology that when there is a huge success regarding a type of business, there is likely to be fraudsters on the run. They will claim they want to help the buyer and end up duping them. It is a known fact that some of the available buyers have been duped by these unscrupulous scammers. It requires extreme caution and thrifty meandering to enable a buyer transact with a real seller without getting duped.

Below are cool ideas you need to follow in order to successfully buy crude oil from Nigeria without getting duped.

1. It is NNPC that gives oil allocation to firms and there exist a way which you can use to verify the status of any allocation by using NNPC offices in Bonny, Lagos, Abuja or London. The first step you should take is to demand the seller's allocation info in order to verify it. If the seller is not able to deliver this, then there is a chance that the seller may be a bogus one. Nevertheless, it is not every seller that is not able to provide their allocation details will be regarded as a fake one. The reason is because some sellers buy from people who have gotten allocation from NNPC and thus they are resellers. You should read on to discover the way to verify resellers.

2. If a seller requires you to commit any amount of money prior to the conduction of QnQ, then he is likely to be the leery type. Why should you give money for goods if you have not tested and confirmed their specs? It is an expected fact that prior to buying a product that you need to ascertain their quality. You need to keep this tip on your mind always. Some will tell you to pay an upfront or clearance fee prior to sailing the vessel to your preferred location for the Q&Q. You need to be very heedful here.

You should ask the seller to provide their cargo details if he tells you that it has been authorized and ready to be sold. Documents like CPA, ATL and q88 should be surrendered so you can be able to authenticate this claim.

Additional stuffs to look out for are Seller's Export Schedule, Export declaration of customs, Transport / delivery confirmation, Seller's Authority to re-sell and Port/Terminal confirmation of lifting schedule.

Modo Oil Group is a crude oil company which offer facilitation service to both sellers and buyers of crude oil. We have on our database genuine sellers and buyers of crude oil. We make buying and selling of crude oil an easy process. Check it out at at http://crude-oil-sellers.com/

Article Source: http://EzineArticles.com/?expert=Osite_Modozie

Gold Trading Time - Euro, US Dollar Are Falling! Gold is Rising! By Ahmad A Hassam

Gold Trading Time - Euro, US Dollar Are Falling! Gold is Rising!
By Ahmad A Hassam

Greece has done what most critics were saying years back when Euro was being introduced: it is very hard to have a common currency for a very desperate group of countries each having it's own monetary and fiscal policies. The overzealous politicians had brushed this fact at that time. But overtime, critics seem to be correct.

Massive Greek debt was the start of the unraveling. Massive debt in Spain, Portugal, Ireland and other PIIGs countries is going to implode soon. In fact, most of the countries are under massive debt. Years of overspending and budget financing is about to catch up. Let's take some figures;

Debt to GDP figures for Japan are 200%, 115% for Italy, 113% for Greece, 83% for US, 76% for France, 73% for Germany and 70% for UK. But these figures do not take into account the implicit debt figures. If you take into account the implicit debt figures than it is even more bleaker with debt to GDP ratio for Germany as 255%, France 255%, UK 530% and US 570%.

Whatever, modern governments have a trump card that they often love to use. Print more and more money. You see fiat currencies can be created out of thin air by the central banks. This is what is happening now. But the Euro is falling and so will the US Dollar as more and more money will be printed to ward off this massive debt crisis. This massive printing of cash will put a severe burden on the bond market.

What this means is that gold will keep on rising in the future. This is best time to trade gold. If you are a forex trader, you can easily trade gold from the same platform that you use to trade forex. You can spot trade gold against the US Dollar. It is being predicted that gold prices can rise as high as $7,000 per ounce.

Trend trading is what makes a fortune. If you can spot a trend developing in a market at the right time, you can make a fortune. A clear uptrend is there in the gold market. In the near to long term future, gold prices are going to appreciate and sky rocket with Euro and US Dollar prices going down. This is the right time to go long on gold and short on US Dollar. Gold market is in a long term uptrend. This is the best time to profit from gold trading!

Mr. Ahmad Hassam has done Masters from Harvard University. Watch this Freedom Forex Formula video that shows a FREE forex method responsible for growing a $34 million forex account from scratch. Download this 1 Minute Forex Trading System FREE! Article Source: http://EzineArticles.com/?expert=Ahmad_A_Hassam

Gold, Euro and the Dollar By Jack Wogan

Gold, Euro and the Dollar By Jack Wogan

Money has represented the target of the entire humanity. The "legendary" Karl Marx predicted that money was almighty. It still is. But it seems to embody different shapes. It is well known that the purchasing power and money's capacity of exchanging it into goods or services do not depend on a volatile action. What matters is the ratio between the request and the amount of goods and services available on the market.

Talking about the request, it indirectly implies money one way or another. But what money is to be saved? The present crisis blurred the economical market of the world. The great powers change their position on the hierarchical scale. One day, the dollar is depreciated. The next, it is euro`s time. In fact, the specialists claimed that because of the present crisis, the rivalry between the euro and the dollar creates more and more confusion for a layman. Practically, the same thing happened in the 30`s and in the 70`s. The market had been flooded with money, without any real back-up. Unfortunately, at a certain level, it is nothing but paper. Which currency is really solid? The euro was compared to a bastion which had to resist against inflation. But nobody is sure about the condition of this bastion. How long is it going to be alive?

The dollar is predicted to fall apart unless a very powerful support is to be offered. The USA pretended to have done every possible thing to straighten up its currency. The European Union says exactly the same about the powerful euro. There is a competitive scramble between the two. It is said that competition is good. Nobody can contradict this statement but while this fight does not reveal any winner, what should any country do?As any other fight, it may leave wounds and these could be reflected in the accounts of the investors. Most of them understood that all the states of the world should stoop the hemorrhage and patch up the wounds with some gold.

The fever of gold has started to forestall all the markets. With gold, there are no worrying speculations. The yellow metal is as strong as it seems. Important countries like Russia and China confirmed having bought significant quantities of gold. Germany requested the amount of gold it deposited in New York. Hong Kong tried to "repatriate" the gold it owned in London. Buying gold seems to be the only acceptable solution.

The gold bullion became the powerful alleys every country needed during such an economic war. The powerful metal seems to embody all the necessary qualities: power, strength, stability. Just follow the example of all important states and invest in it.

Learn from professionals how to buy gold bullion in times of recession.

Article Source: http://EzineArticles.com/?expert=Jack_Wogan

USD Vs EUR - What Will This Currency Pair Do in 2010? By John J. Drummond

USD Vs EUR - What Will This Currency Pair Do in 2010? By John J. Drummond

The EUR/USD is the most heavily traded currency pair in the world. It has made a significant route in 2009, beginning at 1.391700, peaking at 1.512000 and is currently trading at 1.434300. As you can see, this was the year of the USD weakness and the EUR strength.

But what is going to happen in 2010? How will the USD vs. EUR battle look then?

Naturally, no one knows for sure. You should always strive to make your decisions for yourself and not base them on the recommendations of others without considering them for their merit and logic.

That being said, I have my own prediction as to where this currency pair is going in 2010. You can choose to act on this point of view or not.

I believe that 2010 will be the year of reversal. The USD will rise and the EUR/USD price will go down.

I base this prediction on a number of factors:

1. The USD has suffered in 2009 because all eyes were on America and the financial crisis which struck it. But this is a global crisis and I have a feeling the Europe will be right there in the middle of it in 2010 much more than in 2009. This will weigh down on the Euro.

2. Ben Bernanke, head of the Federal Reserve has hinted that there may be interest rate hikes in America soon. Right now, interest rates in the US are at nearly zero. Even a slight increase will turn the dollar into a much more appealing currency, driving up its value.

3. It seems that the European Union is far from united as far as its individual members are concerned. Some countries seem to have been ready for this crisis while others have suffered tremendously because of it. Greece has already suffered a reduction in its credit ratings, and Spain is under a similar threat. Both these countries are using the Euro so it will be under even greater pressure soon.

Naturally, there are challenges America has to face like a growing deficit and more financial problems. While we're not out of the woods yet, is seems that the full brunt of the crisis has past. Recovery, slow and gradual it may be, seems to be about to begin.

Therefore, I believe that in the USD vs. Euro battle in 2010, the American dollar will triumph.

To get a Free report on how to choose the best brokers, find the best systems, and earn more on Forex, download this Free Forex Profit Boosting Report

To learn more about the current trends in the market, follow these Forex News and Updates

John Drummond works from home. He writes often on business, trading, and finances.

Article Source: http://EzineArticles.com/?expert=John_J._Drummond

Gold Vs Fiat Money By Bruce Nunez

Gold Vs Fiat Money By Bruce Nunez

I have noticed the general public have no clue what is happening behind the curtains in the economy, this is unprecedented times; most investors still fail to appreciate what's really happening here. I think at this moment it is critical to see the truth and position yourself and your family for the oncoming train wreck about to happen.

The smart money the likes of George Soros, John Paulson and countries such as India and China are buying gold. Not only has the US have been printing fiat money, Europe and other countries are printing trillions of dollars like it's going out of fashion. If you think the U.S. is immune to all this, you're wrong. Just because the U.S. has the world's reserve currency and has the deepest and most liquid financial markets does NOT mean it can continue to write blank checks to finance its bloated spending.

The CBO (Congressional Budget Office) estimates the US budget deficit will hit a record $1.6 trillion dollars in the year ending September 30 and total $5.1 trillion over the next five years. The $1.4 trillion dollar deficit in 2009 was equal to 9.9% of GDP - the largest share of the economy since the end of WWII.

The U.S. won't be able to sell enough bonds to foreign investors to finance this ever-growing debt. More likely they will continue money printing. This is the only way they know to secure capital whenever the Treasury can't sell bonds to foreigners. This will cause Interest rates to rise, bond markets will crash and inflation will surge.

Europe is now suffering from its own version of subprime as economies start to fall like dominos. Just recently, German, France and the IMF (International Monetary Fund) have agreed to bail out Greece and inject $1 trillion USD into the Eurozone to stem the crisis from escalating. Greece will eventually be joined by Spain, Portugal and Italy as the debt cancer spreads. The credit crisis has entered a new phase as sovereign debt markets grow increasingly unstable.

The develop countries are sick with the debt cancer, the governments around the world are desperately throwing money to keep the patient alive, not solving the real core issue. Even after all the bailouts, these debtor nations are all still looking to secure financing. But every day, the deflationary noose tightens just a bit more. Iceland and Dubai are just small examples of what lies ahead if governments fail to reduce spending and control their finances

The Government will not allow anyone to fail; they will keep bailing out companies and countries at the expense of the tax payers. Government will do what is least painful in the short term, remember they want to be elected again for the next term. They will solve this problem by cranking the printing press and print more, devaluing their currencies hoping the global economy to grow artificially. That's bad news. Currency devaluation reduces purchasing power and produce long-term inflation.

Gold prices are rising because the smart money knows that high levels of government debt can't last forever

Major central banks in the United States, Europe and Japan will not raise interest rates fast enough. They simply can't when consumers aren't buying and unemployment is still high.

That's why I believe all these central bank mistakes will feed gold's already high price for the foreseeable future.

I invite you to visit http://www.gambitrader.com there is a ton of educational information mainly based on the financial markets that will help you in your quest for knowledge.

Bruce Nunez from Gambitrader

Article Source: http://EzineArticles.com/?expert=Bruce_Nunez

Silver Versus Gold - Which is the Best Investment Today? By: Adam Brenner

Silver Versus Gold - Which is the Best Investment Today? By: Adam Brenner

Gold and silver, humanity's preferred precious metals, have a wonderful past of enduring ongoing financial collapses, raging wars, economic chaos and many more. The past designates that precious metals will persist to be used as a means of exchange for the predictable upcoming, particularly if fiat exchange becomes insignificant. The most trendy silver investment means are 100 ounce and 1,000 ounce bars in addition to one ounce bullion coins. And the most fashionable bullion coins are Silver Eagles.

Is Silver a superior investment choice than Gold?

Throughout bull markets in precious metals silver has approximately always formed higher proportion raises than gold. While gold has twice the number of the growing moves, silver has, at times, tripled or quadrupled in cost. It also has noticeably more industrialized applications than gold that supports to strengthen the value of silver.
In the history several decades the manufacturing demand for this metal has surpassed mine production in addition to the minor upturn. Above ground provisions have declined also. From this outlook, things look quite buoyant for the lower-priced option.

In order to beat the present financial atmosphere owning gold makes much more intellect. These can also make a lot of sense is expanding investor's portfolio. Having an assortment of investments on precious metals in different markets could be a good financial approach. If you would like to exchange money for gold bullion coins, you wouldn't worry because many online reliable sites, as well as local precious metal dealers have an assortment of gold bullion coins for you to select from. A financier and a keen shopper frequently revise their catalog and make out the accurate occasion when to acquire them.

An excellent guide will always let you distinguish how to keep your gold marketplace at a safer part. Investing in precious metals is not just for the rich and famous inhabitants; although is accessible to all and will certainly make a solid base for the investment portfolio. On the web, there are numerous online gold dealing services. Investing in gold and silver will take your market selling in fact on the top. The gold prices are touching the sky for the last two years. On watching such a quick raise in the prices of gold if you also experience like investing, then there is not simply gold in which you can spend although many other precious metals to be invested in.

Of course the preference of what to spend in and how to settle on when you should invest is completely in your hands. Though, some flourishing investors have been employing the gold and silver ratio to boost such precious metals possessions. Gold and silver are directly proportional to each other. White metal costs follow the costs of gold. There is an enormous disagreement amid the supplies and demands of silver. In electronic manufacturing silver is utilized in soldering, photography, plastic industry, refrigerators, digital cameras, coin minting, and laptops and even in dishwashers.

To find out more about Buying Silver, other Silver and Gold Coins and Silver And Gold Dealers visit http://americancoinnj.com

Article Source: http://EzineArticles.com/?expert=Adam_Brenner

Cuba and Cane Sugar By: Matthew Barker

Cuba and Cane Sugar By: Matthew Barker

Cane sugar has been known by humankind for several millennia before Christ due to its sweetness; according to descriptions of travellers to India, the inhabitants of the Indo Valley chewed the cane in order to obtain the juice of it some 500 years B.C. In Spain, the cane sugar made its entrance during the Moorish period, and Christopher Columbus included the cane among the animals and plants he brought during his third trip to the New World (August 30, 1498). Planted in the soft lands of Santo Domingo and due to the weather of the tropics, the sugar cane grew so fine as to produce the best of its sweetness. Already in 1506, Brother Bartholomew of las Casas made reference to the first rustic sugar mill on the island.

As almost everything brought to Cuba during that time, the conqueror Diego Velazquez was the one to introduce the sugar cane from Santo Domingo; and from that moment on, the settlers began to produce guarapo (the juice extracted from the cane) necessary for obtaining the sugar. The surplus of this home-made sugar elaboration was the main basis to trade with other settlers; and the sugar plus salted meat and corn became the basis to trade with pirates in order to get slaves.

The first commercial sugar mill was installed during the last decades of the 16 century in the Havana area and already in 1600, 60 sugar mills were functioning. During this period, Cuba was behind La Hispaniola and other colonies in the sugar production. It was during the Storming of the English in 1762 that the Cuban trade opened and an increase of the sugar production was seen. The first production was counted in 1799 and it reached six thousand tons with the six hundred sugar mills existing at the time.

Sugar refineries did not appear until the first decades of the 19th century with the introduction of the steam engine. According to a census of that period, in 1830 there were more than one thousand sugar refineries producing around 94 thousand tons; and when in 1837 the steam locomotives arrived in Cuba, the sugar production increased to unprecedented figures. Cuba was the seventh country in the world to have railroads, and the first in Latin America thanks to the rising sugar industry.

The independence of Cuba on May 20, 1902 favored the introduction of new machinery and the presence of American capital. With less than 200 large sugar mills in 1925, the rising Cuban nation produced more than five million tons of sugar. During this period, the vast majority of sugar mills and sugar plantations were in the hands of foreign capital; however, some social laws applied between 1935 and 1945 made possible that in 1950 of 161 large sugar mills working, 131 were in the hands of Cubans, controlling 60% of total production.

With the Triumph of the Revolution, the sugar mills were nationalized and became socialist companies as well as the majority of the plantations that were in the hands of small and leading producers. Although the millionaire productions were kept, the industry and agriculture based on the sugar cane have been declining during the last 50 years. Nowadays, sugar is not an important product in the trading scale of Cuba. Almost 70 large sugar mills have been dismantled, and a huge part of the sugar cane cultivated today is destined to the production of sugar-cane syrups and refined spirits for the chemical industry, the pharmaceutical industry and the liquor production (the Havana Club rum being among them). The last known results of a sugarcane harvest dates from 2006-2007 with a production of 1,115,000 tons of sugar, quite similar to the harvest of 1894.

This brief history of Cane Sugar in Cuba was written by a Cuba travel expert from Cuba For Less, a specialist in fully customizable Cuba vacation packages.

Article Source: http://EzineArticles.com/?expert=Matthew_Barker

Sugar Commodity Futures Trading - Here Are Some Sweet Sugar Trading Tips That You Should Know By: Mike Singh

Sugar Commodity Futures Trading - Here Are Some Sweet Sugar Trading Tips That You Should Know By: Mike Singh

The widespread use of sugar and its by-products, which include the use of ethanol, has made sugar futures contracts a highly profitable venture if and when you know how to play the market. Here are a few thoughts and tips on the matter.

For beginners in the commodity market, engaging in the trade of sugar futures contracts is a great way to acquire knowledge and experience in investments. The most notable of properties of this commodity market is the fact that only small margins are required and that the market rarely makes extreme moves in either direction. Thus, traders and investors can wait to make their move for more favorable conditions.

However, there have been instances when the price of sugar in the worldwide market has experienced extreme swings, thus, affecting investments in sugar futures contracts. Investors are well advised to be mindful of such wild swings, no matter that it happens rarely. Also, it will help to know that the sugar industry appears to make big moves every eleven years or so.

For normal markets, investors can buy plenty of time before making their moves especially as strategies for straddles, strangles and spreads are very abundant, indeed. The use of swing trading techniques and wave analysis during long-term formations and patterns are highly recommended.

If you are to follow the pyramiding technique, which is very risky, you have to ensure that catastrophic stops are adjusted so that losses may not be as great if and when the market reverses on itself.

During big moves in the market, you must look to exit positions. The best time to do so is either near the close of the trading day or during the morning opening. This is because the sugar futures market has a tendency to reverse after extremely large moves by offering big gaps the following trading day. As much as is practicable, don't keep your big profits over the weekend in the belief that Monday will present an opportunity for a large follow through.

Another effective trading technique that almost always assures equal chances of profit and loss is called scaling out. Basically, you sell one-half and keep one-half of your position, which means that you are always one-half right and one-half wrong no matter the trading decision you make. It is not for everybody though especially for those who desire an all-or-nothing stand on the futures sugar contracts.

You should also look into the opportunities generated by the TimeLine forecast, which shows strong moves in either direction for the sugar industry and, consequently, its related futures contract. To make a long story short, it allows the investor to focus on the possible directional positions and, hence, make a more informed decision.

You also have to consider using the automated option software. This way, you can take the tedious work of calculations out of the way and instead focus on the qualitative analysis that must be done with the quantitative data on hand.

In conclusion, no matter the strategy adopted in sugar futures contract speculation, you must take calculated risks. The abilities to analyze trends, make forecasts, and understand the quantitative information generated by various tools are necessary to make informed decisions and, hence, calculated risks. Use such an ability and be rewarded with profits more than you can possibly earn on your day job.

You might not know that trading sugar commodities profitably isn't that difficult. Visit http://www.commodities-trading.org/ to learn more.

Article Source: http://EzineArticles.com/?expert=Mike_Singh

Crude Oil Futures Trading By: Gary J.

Crude Oil Futures Trading By: Gary J.

Talk about crude oil futures trading, if you care this market, you might note that this is among the most widely watched futures markets. Everyday people keep talking about oil prices on television shows, in newspapers or magazines. Everywhere they can. Futures for crude oil trade on more than one exchange and are available nearly twenty-four hours a day.
The channels are watched widely by speculators, hedgers, and the general public. See, we cannot negate the fact that petroleum products can affect nearly every facet of life. By that frequency, you can easily see how important oil trading plays role in our lives. However, we have to accept the fact that futures crude trading involves a substantial risk of loss, and is not suitable for everyone.
Nothing is easy to earn, but nothing is impossible. Our job is trying to learn to understand more about the market to be wise to solve problems generated.
If you have decided that speculating in this market is something suitable for your risk capital. Now, we will research to understand more about the market. There is more than one kind of crude futures contract. So, knowing which one you will be trading and how the price is effected by different technical points and fundamentals will help you determine when and if there is a trade worth joining in. The price can change dramatically under different fundamental circumstances and it volatility can also increase around certain technical levels.
These futures are among some of the most popular futures contracts. Speculators from all over the world will trade these futures contracts on crude oil price. They are not the only markets at all. Some can be traded in spot transactions where the oil price is agreed in the moment of the cargo-by-cargo or shipment-by-shipment agreement. According to EIA (the Energy Information Administration), these spot markets are often viewed as a likely signal of the supply and demand balance for crude oil. The one of fundamentals affects oil prices.

Article Source: http://EzineArticles.com/?expert=Gary_J.