Topic: How To Trade Crude Oil Online with FOREXYARD

How to trade crude oil online with FOREXYARD, in two words: Simply and easily.

Oil trades are executed in much the same way as foreign currency pairs are traded over the FOREXYARD platform, with transactions being made against the dollar, and as with currencies, we offer our clients highly competitive spreads and margins.

Due to the nature of trading such financial instruments, you will notice a number of small differences including market hours as well as denomination and minimum contract sizes: prices quoted are per ounce (metals) or per barrel (oil).

Trading oil does not require any additional software download, as it is available on the FOREXYARD platform, however due to the minimum lot sizes involved, you must hold a Standard account.

To find out more about FOREXYARD and to find out how to trade crude oil online visit the FOREXYARD website: How to Trade Crude Oil Online

Re: How To Trade Crude Oil Online with FOREXYARD

The volatility of oil prices has made oil and many of its derivatives attractive instruments for traders worldwide. Currently Crude Oil, natural gas, Brent, ME sour crude oil, and a few others are traded on the main exchange floors.

In 1983 Crude Oil began futures trading on the NYMEX and it is still the most heavily traded commodity. Basically crude futures trade 30 consecutive months, and oil futures are quoted in dollars and cents per barrel. The last trading day is the close of business on the third business day prior to the 25th calendar day of the month proceeding the delivery month. If the 25th calendar day is a non business day, trading ceases on the third business day prior to the last business day proceeding the 25th business day.
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Crude Oil is regarded as a highly volatile commodity. While minimum fluctuation is $0.01, a daily movement of 10% is not uncommon. Price is affected heavily by demand and supply; and thus any factors affecting supply could have a sharp effect on oil; on the other hand, economic crises and economic growth may have long term effects on demand which leads to a price change in oil.

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