To: Osage Orange
“Did you know...that most commodities traders lose money? About only 1/3 make money.”
I’m not surprised. I heard a radio caller say that storage for oil speculation costs 10% per year. It would be easy to lose money. Only the ‘Big Boys’ should try oil speculation, people who know the market inside out. And even they should hedge their investments to some degree.
2,736 posted on
08/02/2008 10:57:38 AM PDT by
Arthur Wildfire! March
(The Dum-bama Banking Committee offers free breathalysers and inhilators for asthmatics in 58 states.)
To: Arthur Wildfire! March
I’m not surprised. I heard a radio caller say that storage for oil speculation costs 10% per year. It would be easy to lose money. Only the ‘Big Boys’ should try oil speculation, people who know the market inside out. And even they should hedge their investments to some degree. Well...one can make money in commodities....you just better be very disciplined in many areas. There are some "tricks" to the trade also.......
FWIW-
2,740 posted on
08/02/2008 11:20:06 AM PDT by
Osage Orange
(Congress would steal the nickels off a dead man's eye's...............)
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