Hi,
I'm a newbie here, having read the FAQ's, yet not clear what to do.
My assumption is that oil will drop to $100 in 2009.
How should one trade to make a profit on this?
Basically, I do not want to make too many trades. Not more than one trade a month.
I've got about US30000 to invest in oil futures on NYMEX, using InteractiveBrokers.com.
Should I go short? How exactly does that work? What about margin requirements? What obligations will I have until I cash?
Any help appreciated. Sorry for the newbie level of my question.
I'm a newbie here, having read the FAQ's, yet not clear what to do.
My assumption is that oil will drop to $100 in 2009.
How should one trade to make a profit on this?
Basically, I do not want to make too many trades. Not more than one trade a month.
I've got about US30000 to invest in oil futures on NYMEX, using InteractiveBrokers.com.
Should I go short? How exactly does that work? What about margin requirements? What obligations will I have until I cash?
Any help appreciated. Sorry for the newbie level of my question.