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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Captain Jack who wrote (16287)	2/22/1999 8:29:00 AM
From: Nemer	Read Replies (1) \| Respond to of 44573

Captain Jack --- This is NOT meant as a flame, or is it intended to belittle your question, because asking questions is a good way to learn. When you post --- " Can someone tell me how to go about trading futures? I was wondering if there are any futures available for oil companies? With gas prices so low now won't they rise in value after gas prices go back up? Any help is appreciated. " I think that the best answer you can receive falls along the lines of Please learn a LOT more about futures BEFORE you begin trading in them. It's kinda like sitting down at a very high stakes poker game, even though one might have the financial, emotional, and mental abilities, not understanding how to play poker, but knowing that hearts were higher than clubs and spades is the highest suit ......... Others on the thread will be much more able than me to recco different books and courses for you to use, but I'm just getting started back to trading the futures after a self imposed hiatus of 20+ plus years due to fear of the risk involved. Now, I've been trading equities, options, some warrants, a few bonds, and even some funds for more than 40 years, and I'm still fearful of futures ...... Hope you take this post in the spirit of good will with no foul intended but offered toward your request for help ..... I will commend you on starting in the stock market at an early age (20yrs), and know that you will find it a monetarily rewarding long term endeavor. Good luck to you and don't forget to keep asking and learning. This thread is a fine place to do both. Regards Nemer

To: Captain Jack who wrote (16287)	2/22/1999 1:29:00 PM
From: Bull RidaH	Respond to of 44573

C.J. If you want exposure to oil & gas prices, your best bet would be to buy Light sweet crude and unleaded gas futures contracts. You could also consider heating oil and natural gas futures contracts as well. All you need to do is set up a futures account with a minimum $5,000, and you're ready to go. May i suggest Field financial, an introducing broker for 1st American Discount Futures. I've used them for a couple years and their service is excellent and commissions unbeatable. You can find them at www.Fieldfinancial.com. There are no futures contracts applicable to an oil stock index, such as the XOI. If you wanted leverage on the big oil stocks, just buy call options on the xoi index, or you could buy calls on individual big oil stocks. Pick yer poison... <g> Regards, David

To: Captain Jack who wrote (16287)	2/22/1999 3:02:00 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 44573

Captain Jack, Futures trading has no rules, it's like the old wild west... in futures trading, there are only two kinds of traders, the quick and the dead. In all kindness to you, you ought to study the futures markets for a long period of time before you step into that ring. The futures market is for traders, not investors... fortunes are made and lost in minutes..... you can have a significant profit in the morning, and by that afternoon there may be nothing left of you but a stain on the ground..... You might stick around this thread for a while and pick everyone's brain, the posters here are very helpful, but to make money in the futures markets you need to be well capitalized..... My Best Regards. GZ