“If you do this many times a day, you must trade oil!”
Well, just when you think nobody ever listens to anything you tell them,
PRIMEXBT has a new WTI CRUDE OIL CFD … it trades in 1 barrel increments
with a 2 cent bid/offer spread, and a round turn [RT] commission of 0.02% of
notional, which comes out to about ½ a penny per barrel at current price … that
makes PRIMEXBT “the place” to trade oil again … how long before they FUBAR
it, I can’t tell you, but for now they tell me that over Easter weekend they
changed LP’s and now have the very best OIL CFD on the market … to my
knowledge, nobody else has 1 barrel increment trading in oil … up ‘till now, the
lowest has always been 0.01 lots based on 1,000 barrels, which would = 10
barrels … no more! … ANOTHER BARRIER COMES DOWN IN TRADING!!
So basically, to add it all up, WTI crude oil can now be traded for a “NET” total
cost of about 2 ½ cents per barrel, and “you pick ‘em” for volume size
… MINIMUM order size is now 1 barrel, and MAX order size is now 1,500 barrels,
with a position limit of 7,500 barrels … for most traders, this is plenty … margin
is calculated at 100X [1%] for 0 - 300 barrels, 50X [2%] for 300 - 1,000 barrels, and
it’s open 23/5 … Quite frankly, this is most welcome news!
Meanwhile, over in cryptoland, a very quiet day in BTC, as it doesn't even have a
$250 range today … nothing to see or report here, as BTC hovers around 7K into
the “halving” come mid-May.
… until tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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