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Goals to Gold: Trading the football pitch for the financial markets by Lee Sandford

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Chapter Sixteen: Crude Oil

What trading crude is about

CRUDE OIL IS one of several commodities that are traded on the global markets and is the most volatile market of them all. With such wild price fluctuations, on a daily basis as well as in the long term, there’s the potential to make a lot of money from trading the crude oil market. Of course this also makes it the riskiest market to trade. It is known in the financial world as ‘the widower market’ because it can literally destroy people. So I always advise beginners to steer well clear of crude oil.

Why is crude oil such a volatile market? Well, the world literally depends on crude oil to survive. We need it to drive our cars and fly our aeroplanes. We use its by-products to make ...

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