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So I want to speculate on some oil futures (or gasoline), broker

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Thread replies: 23
Thread images: 1

So I want to speculate on some oil futures (or gasoline), broker suggestions? I want to put ~5k-10k in my margin account.
Anyone trading futures?
Thanks in advance biz,
>>
>>1775236
Oh yea, USA of course.
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>>1775236
Don't risk more than 1-2% of your money on a single trade.

Other than that, it's up to you to find strategies to beat the market.
>>
>>1775305
I'm asking for a broker.
>>
>>1775995
You do know that you don't trade futures on margin, right?
>>
Fx choice offers WTI at 200x leverage for USA
>>
interactive brokers.
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>>1775999
yes you do
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>>1776273
he wants to trade futures not>>1776285
CFDs via some dodgy bucket shop
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>>1776285
oops

interactive brokers is a good call in general

though if he wants to trade actively then there are cheaper options... various introducing brokers out there for the bigger Chicago clearers
>>
>>1776312
No, you don't.
Purchasing contracts comes out of your cash balance, not your buying power (margin).
That''s why they're called "non-marginable", genius.
>>
TD Ameritrade
>>
Fill up jerry cans at your local gas station

When price goes up, sell to motorists

Fucking overnight billionaire
>>
Buying the gas with a credit card would be like buying it on margin
>>
Op here I'm looking at apexfutures now. They sound pretty good. Can get some rediculious leverage here.
http://www.apexfutures.com/trading-tools/margins/
>>1776458
The account is a cash account you are buying the contracts on margin.
>>
>>1776469
You see this a lot in the 3rd world.

I think in the 1st world you'd be arrested for not having a permit or someshit.
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>>1776637
You do get arrested.
Still doesn't stop me.
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>>1776650
Implying I'm going to put some random liquid in my car and burn up the cats or otherwise fuck myself.
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>>1776633
>buying the contracts on margin
Difference of terminology.
If you have $2,500, you can buy $5,000 of stock because of 2 to 1 leverage (on margin).
You cannot, however, buy a futures contract where $5,000 is the maintenance requirement (like gasoline futures). You would need the entire $5,000 in cash (no margin allowed).
>>
>>1776734
Except it's initial margin requirement and maintenance margin requirement. Until settlement you never need the full cost of the contract. Cme themselves use the word margin.
Definition
Margin
a sum deposited with a broker to cover the risk of loss on a transaction or account.
>>
>>1776850
>Until settlement you never need the full cost of the contract
No shit.
You pay the maintenance requirement upfront, and get it back (+/- profit/loss) upon closing.
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>>1776861
you keep skipping the word margin.
>>
>>1776981
Right.
Good luck with your trading.
Thread posts: 23
Thread images: 1


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