Hi, i would like to BUY oil and look at waiting a year or two. my questions are. Which platforms dont look to rip you off and will never go broke? Im thinking Commsec CFD would be safe as they have more cash behind them atm than most Aussie banks at least. How low can oil go? My plan is to have the account run out at 4.90 and say for example 1000:1, BUY at $22, have $17k in the account, and wait for $40 a barrel. I am fearful of the games being played, say if it dips to $4 and breaks everyones balls. Possible? Would it be wiser to have a BUY at $10 a barrel for just such an occasion and BUY cotton now for example? Disclamer: i know i dont know jack about CFDs like you guys, just would like some sound advice to get me rolling. It's a mine field out there. So thank you for your advice!
