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Is it possible to make $100 thousand off oil trading?

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Hi, I want to make 100,000 US dollars by trading the .

I have no , and I’m in high school.

How easy would it be? could I do it in one year?

I am diving headfirst into the market with approximately 3000 dollars.

Help from any , , or whatever is welcome.

And is there a commodity that is better to trade than crude oil?

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  1. Alex on Oct 21, 2011

    technically it is possible, but it would be very difficult and unlikely. You would have to foresee with accuracy pretty much every move in the oil markets and it would help to use a leveraged product like HOU (Canadian 2x bull crude oil). Crude oil and gold are probably the easiest to trade for commodities.

    If you just buy and hold you won’t make anywhere near 100,000. You would have to buy and sell, and short and cover pretty much every day.

    You would have to figure out a way to be accurate in every trade to make that much money. I suggest you work on a prediction method before risking real money unless you don’t care about that money and have other money saved for your education.

    But you don’t need a proper education and I started trading in high school, although I haven’t made 100G yet..



  2. gardenoflia on Oct 21, 2011

    Commodities is very tricky. As a person uneducated in trading, I would not attempt this. They’re mostly all crooks. Never believe a commodities trader who calls you on the phone. The Commodiites Exchange Board and their lack of regulations is what got us all in this mess in the first place.

    Do not trade in commodities if you know nothing. I would start with a stock, mutual fund, or ETF, if I were you. Do you even know the price crude closed at yesterday?

    Anyway, you have to be 18 to open an account.
    Motley Fool
    Yahoo finance–these are places you can go for some free learning.
    Read the Wall St. Journal, Barrons, and the Financial Times.

    You could make over $100,000/MONTH! in network Marketing.
    That’s what you should be checking out.



  3. John W on Oct 21, 2011

    Hope you have someplace to put all those barrels of oil when your options and futures expire when you guess wrong.



  4. kckid2 on Oct 21, 2011

    It is possible, yes. Based on the info you provided, I would say your odds are better playing the lottery.

    In other words, about nil


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