Hi guys, Long story short...I have cash to spare. Want to buy and hold crude oil for long time. never bought futures in my life...how do I do it? I dont need analysis talk, just how to buy it talk...and where to buy it...thanks.
with the recent opec decision oil price may fall steeply and you would have to put alot of margin to secure yourself for the long term. Why not invest in a ETF then?
my suggestion: do not put cash on crude. crude is good for day trading/swing trading so far, from my 2 cents, I just started to trade it one months ago. since crude may be dip to 30 in blink of eyes then next day it may go to the moon, during this rinse process, you already get killed.