Hi guys,
I would like to buy crude oil and HOLD FOR A VERY LONG TIME (not with my life saving, just some extra bucks)...I was wondering if there are any good ECN brokers that will allow me to do so at a good price (commissions) and also will allow me to hold on to it for a long time. Anybody can suggest some? Also, when I do buy it, because it is a commodity, do I have to propose a certain date to sell it...or is it like currency where I can just buy it at market price and hold it? It would help if u guys can explain the format of buying commodity to me...thanx
also, who here thinks oil will eventually go up? Doesnt that kinda of suck, when the economy does recover, commoditiy like oil that we use everyday will skyrocket...and unless the govt increase interest rate drastically, the dollar will plummet. Thanks
I would like to buy crude oil and HOLD FOR A VERY LONG TIME (not with my life saving, just some extra bucks)...I was wondering if there are any good ECN brokers that will allow me to do so at a good price (commissions) and also will allow me to hold on to it for a long time. Anybody can suggest some? Also, when I do buy it, because it is a commodity, do I have to propose a certain date to sell it...or is it like currency where I can just buy it at market price and hold it? It would help if u guys can explain the format of buying commodity to me...thanx
also, who here thinks oil will eventually go up? Doesnt that kinda of suck, when the economy does recover, commoditiy like oil that we use everyday will skyrocket...and unless the govt increase interest rate drastically, the dollar will plummet. Thanks