Oil Trading for Knuckleheads

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Oil Trading for Knuckleheads

Before I get into the details about how even a dummy can make money trading oil futures, let me just share with you some facts about this little know but highly profitable activity that is being done by people all over the world 24 hours a day. Trading oil futures involves buying or selling one or more oil contracts. An oil contract represents 1000 barrels of oil. When the price of oil goes up and down throughout the day, every penny that the price fluctuates in either direction represents $10.00 to the person controlling that contract.

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