subject: Get Rich With Crude Oil Trading In 2010! [print this page] Author: Ahmad Hassam Author: Ahmad Hassam
Oil is the major driver of global economy. Transport is impossible without oil. Aeroplanes and ships cannot move without oil. Imagine a world without a very small supply of oil and high demand. There is a Peak Oil Theory that says that all major oil reserviors have been discovered. We are now sitting on a depleting reservior of oil that is going to decrese faster and faster with the passage of time. Just imagine when something is in high demand but the supply is limited or negligible. Yes, it can lead us to the era of sky high oil prices until and unless the world finds a cheap substitute. With more and more countries like China and India developing, the demand of oil will skyrocket while the other hand the supply will keep on dwindling and decreasing.Now, the economics of oil prices is simple. With more demand and a finite dwindling supply that is being exhausted with the passage of time, the world is going to see the end of oil in the coming two to three decades. Rising demand and decreasing supply will push oil prices in the range of $200 in the coming years.We saw a manifestation of this phenomenon, when in the summer of 2008, suddenly crude oil prices jumped from around $60 per barrel to around $150 in just a matter of months. The whole world felt the pain of high oil prices. Transport came to a grinding halt. People started looking for alternates. Alternative energy resources became highly popular. More and more money is being pumped into alternative energy technologies as never before. The prices have come down for the time being due to the global recession that started in 2008. With the end of this recession, demand is going to pick up again and we will again see crude oil in range of $150-$200 per barrel.As a trader, you must be cognizant of this fact. We traders always try to profit from a trend that might last for many months. Once an uptrend starts in the crude oil prices, it may last for several months to years. Those savvy traders who can position themselves for trading crude oil in 2010 are going to reap huge profits.The best way to trade crude oil is to trade crude oil futures contracts that get traded at NYMEX (New York Mercantile Exchange). New to futures trading, don't worry. If you have been trading forex or stocks before, you can learn futures trading in a few months time. Just practice on your demo account and paper trade as much as possible on it for a few weeks to a month to become familiar with futures trading in order to start profiting from the rising oil prices in 2010! About the Author:
Mr. Ahmad Hassam has done Masters from Harvard. Learn Crude Oil Futures Trading! Know this shocking Dow Futures secret that can make you rich!
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