Spread Betting on Crude Oil

Why Should you Spread Bet on Crude Oil?

When it comes to financial spread betting on the price of crude oil, the bettor should be comfortable trading on a market where price movements are often quite intense and when this market is compared to say, the FTSE100, a completely different mind-set is required.

For those spread bettors who are interested in price movements of around 5% per day though, trading on the price of crude oil might just be what you are looking for.

If ever there was a market where there is a need for paper trading or starting out with very small stakes, crude oil is most definitely it and it is especially important that you familiarise yourself with all aspects of the market before you get started so there is absolutely nothing that you are unsure of.

OilTrading3

Best Spread Betting Firm for Trading Crude Oil

intertrader logoTo be perfectly honest, when choosing a broker for trading on crude oil, the best advice would be to choose one that you are comfortable. It goes without saying that the point spread should be taken into consideration but perhaps the best piece of advice here would be to choose a broker whose trading platform you are most comfortable with.

One broker in particular which is receiving rave reviews within the industry at the moment is Intertrader.com. Intertrader.com (read the review) is part of the bwin.party which is better known for its online gambling activities but as a spread betting broker, this company offer an extremely robust platform which is very easy to use.

They also have apps available which means that trades can be made on the ipad, iphone and android phones as well as an alternative to the web browser platform with an enhanced MT4 platform.

Tightest Spreads for Crude Oil

Igindex.co.uk – 4 points around market spread

CapitalSpreads.co.uk – 5 points (10 overnight)

CityIndex.co.uk – 6 points around market spread

Etxcapital.co.uk – 4 points around market spread 9 (6 overnight)

Tips for Trading Crude Oil

Any novice who is trading crude oil for the first time could be forgiven for thinking that any news which may affect the price would be easy to stay on top of but there really are so many factors that are associated with crude oil it is extremely important that you take the time to learn about the market before you get speculate with your hard earned money!

It goes without saying that guaranteed stop losses should be used wisely and one other aspect of this market which should be considered are the individual shares which are always affected by any fluctuations in the price of crude oil. The airline industry being one in particular that springs to mind, so if you are looking to trade on a market that is a little less volatile, consider airline shares as there are often some brilliant trading opportunities in that sector when the value of crude oil shows some large movements.

Adam

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Adam is an experienced financial trader who writes about Forex trading, binary options, technical analysis and more.

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