I'll give you some good advice. Don't speculate in commodities. The margin calls will eat you up alive. Options may soften the blow but most options expire worthless.
If you're hell bent on doing it here's some useful tips.
If you see a category 4 or 5 hurricane entering the gulf of mexico and it's projected landfall will affect the Lousiana or Texas refineries then go for it. You might consider the NYMEX (New York Mercantile Exchange) spot month for oil, November heating oil, and the next month out for gasoline. If the storm damages one or more of the refineries you'll make a killing. Don't get too greedy because these markets can reverse themselves in the blink of an eye.
You'll need to open an account with an FCM (Futures Commission Merchant). They will expect you to ante up with at least $25,000.
Good luck
2006-12-11 11:52:12
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answer #1
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answered by Anonymous
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The easiest way to invest in commodities is through ETFs that have been offered recently: USO for oil, SLV for silver, GLD for gold, DBC is a basket of commodities. A platinum ETF may be offered soon as well.
If you are looking for investment ideas, see what the best traders are buying and selling at http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can also read posts on investing from the best traders, as well as share your own investing ideas.
Here are this month's best traders:
http://www.top10traders.com/Top10Standings.aspx
Good luck.
2006-12-11 20:28:22
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answer #2
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answered by Anonymous
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icicidirect.com > comm >daily report, link
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crnindia.com
businessline newspaper
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2006-12-11 21:11:45
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answer #3
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answered by dinu_pawar 5
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