Trading Brent Crude

[rvs47]

Hello,

My name is Ron and I'm a new member. Just found this site today and hopefully will find it beneficial. Maybe with some luck I can be helpful to others as well.

Seems that not all futures brokerage firms handle Brent Crude contracts. Anyone know of a good brokerage firm that does? I prefer an on-line (internet based) trading platform. I'm located in the U.S. but don't think that will present a problem. Time will tell.

Thanks,

Ron

 

[rvs47]

Please disregard my above post.

I'll probably just trade the light sweet stuff, for convenience sake, anyway; ... but not yet. I don't think the time's right yet to go long. Either one or both of two events would probably be a good signal: A missile strike on Iran (by Israel) or the decision to dump shiploads of billions of dollars into the US economy and infrastructure (not the banks). I think either one would start pushing oil prices up. ... Sure wish I had a crystal ball !!

Good luck to all,
Ron

 

[£10kLoser]

Why wait for it to go up? The whole point of trading is that you can go short instead of long and that there is enough of a move during a single day to make a profit, up or down. There was a great profit to be had shorting crude yesterday...

 

[rvs47]

I know. But I'm not exactly a day trader, mainly because I don't have the time to watch it closely ... and I don't like using stops, because I honestly believe the floor traders can see them. And if they see a large enough concentration of them near enough to the trading price, they can bump the price into them and let them take over from there.

Anyway, I understand your thinking, but when some key event is ready to take place the prices will probably head north in a big way.

Good luck and thanks for your post,
Ron