How Do You Buy Oil Futures «TOP-RATED | CHECKLIST»

: Always use a Stop-Loss order to automatically close your position if the price moves against you.

: You will need to provide personal identification (government-issued ID), financial disclosures (income and net worth), and acknowledge specialized risk disclosures. how do you buy oil futures

: Most retail platforms do not allow physical delivery. You must "roll" your position into the next month or close it before the expiration date to avoid being legally obligated to receive actual barrels of oil. : Always use a Stop-Loss order to automatically

: Use Market orders for immediate execution, or Limit orders to buy at a specific price. You must "roll" your position into the next

Buying oil futures allows you to speculate on or hedge against the future price of crude oil without having to take physical delivery of the barrels. To start trading, you must open a specialized futures trading account with a registered broker and meet specific margin requirements. 1. Set Up a Futures Trading Account

There are two primary global benchmarks, and they come in different sizes to fit your budget: :

Unlike standard stock trading, oil futures require a dedicated account with a or an introducing broker.