What platform is the best for commodities specifically oil?

What platform is the best for commodities specifically oil?

A user asks: What platform is the best for commodities specifically oil?

It’s not a simple answer as it depends on what type of oil trading you want to do. I’ll run through the various different types of oil trading and the various brokers that are around for oil trading.

Oil is one of the most popular commodities for trading and can be done through any commodities broker, but first of all, if you are interested in trading oil, you should read our guide to trading and investing in oil. It covers the most popular oil contracts and how to trade them. We have also put together individual guides on the different types of oil, for example:

In addition to these type of buying and selling trading, you can also trade oil through options. If you are buying options you can use these to limit your risk to the amount the options cost in the first place. You can compare options brokers here, options also give you the benefit of being able to short the oil market by buying puts without the potentially unlimited losses of shorting oil through a futures broker.
Keep in mind though that oil is a very volatile contract, especially at the moment fortunes can be made and lost very quickly. Perhaps one of the less risky ways to invest in oil is through ETFs (exchange-traded funds). Exchange-traded funds generally track the price of oil through a combination of futures, options and oil stocks. They come with varying degrees of leverage and can be bought and sold on the stock market through a stockbroker.

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