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Dr. Sean began his career as a medical physician until a chance conversation with the nephew of a fellow physician led to his discovery of the kind of profits that can be made trading in the stock market.
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Trading Oil Sean Seshadri
Trading Oil • 1 contract of oil controls a 1000 barrels of oil, and if oil is 100 USD/ barrel then it has the equivalent of 100K USD. • Most investors would shy away from trading this vehicle if it were not for the fact that the broker gives a trader significant leverage when buying this instrument on margin which can be from 2-4k depending on which broker one uses.
Trading Oil Oil should be primarily used as a short term trading vehicle as the risk can be significant if one holds the trade overnight. If one is a highly skilled technical analyst then they can predict short term price movement over minutes to hours using charting patterns.
Trading Oil • Commodities trading in general provides multiple trading opportunities during the day during its open outcry period which is between 9-230pm eastern where there is a significant increase in volume due to decreased margins. • One should be well capitalized for this market as to many investors try to trade to quickly.
Trading Oil • One should practice on a virtual account first until one is comfortable before moving to a live account. • If one rushes by trading too big then failure is the only outcome. • Any new discipline should be approached with caution, and only with consistent success at a smaller level should a trader begin to trader a higher risk instrument.
Please visit us on www.luxinvestmentsintl.com Sean Seshadri