If you are an investor in oil futures, you may be wondering how to track real time oil futures. You have some options for tracking real time oil futures quotes, and there are several providers who can help you keep up with prices.
You can receive real time oil futures on your web-enabled phone, PDA, or home or office computer. These options will allow you to keep up with the futures markets even when you are on the go. When you use mobile options you can keep track of your investments and know what is happening no matter whether the market is up or down.
Online broker ETrade offers professional grade futures trading for its clients, including real time bids and asks, and market depth. You can also receive futures education, daily market analysis, and one of the industry’s best trading platforms.
How To Track Real Time Oil Futures
Before you learn how to track real time oil futures, it is important to review what these investments entail. By investing in oil futures you are attempting to predict where the price of oil is headed. These financial instruments carry with them legally binding obligations to purchase or sell an underlying commodity – in this case oil – at a specified settlement date in the future.
Oil futures are a part of the derivatives family, as their worth is “derived” from the value of the underlying instrument. These contracts are standard in terms of settlement dates, quantity, and quality. In the case of crude oil, the major exchanges are the Intercontinental Exchange and the New York Mercantile Exchange.
Investing in oil futures carries the very real risk of loss of capital, and are not suitable for every investors. Take advantage of the training available through your broker, such as the free futures training offered at online broker ETrade, to better position themselves for investing success.
How To Track Real Time Oil Futures
The first step to learning how to track real time oil futures is to register for an account with a charting and technical analysis service. There are several free services you can use online, or you can use the real-time oil futures tracking services provided by your broker.
When you have accessed the real-time quote area of the website you are using, you can then enter the ticker symbol for a contract that follows crude oil, such as USO, which tracks the United States Oil Fund. Many sites will also allow you to set up alerts to notify you of price changes.
You can enter in the price alerts you would like to receive, and you will be notified if the price of your futures contract falls below or rises above your preset levels. Some real-time quote service allow you to choose how you receive your alerts, and you can usually opt to have them delivered to your email or sent in a text message.
It is important to keep track of your investment in oil futures in real time, as the oil futures market is extremely volatile, and prices can be subject to minute-by-minute fluctuations.
Keep up with your investments, access free trading platforms and receive free investment advice at online broker ETrade.
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