Anybody here ever trade oil futures?

mica03

Do you know about the "secret code" at the website Oil Trading Academy? I'm looking to find somebody who has bought their videos or seen their demonstration videos, or believe their claim about the oil futures being controlled by a computer. Anybody hear about all of this? Do you think it could really be true?

geordie_joe

I very much doubt it. Maybe the prices are "worked out" by a computer, but not controlled.

There's too many thing that effect the price of oil that the computer can't predict.

Accidents dumping half the oil into the Gulf of Mexico, Storms forcing rigs to shut down, one country invading another and the resident dictator ordering the oil wells to be blown up.

I think the price of oil is based on supply and demand, if you've got more demand than supply the price goes up, if you have more supply than demand the price goes down.

antsea

Do you think it's possible that Mica could be a spamtastic spammer controlled by a computer from the oil trading academy?

geordie_joe

antsea wrote: »

Do you think it's possible that Mica could be a spamtastic spammer controlled by a computer from the oil trading academy?

Yes, and I have no doubt he will have several other accounts on here, so he can come back as a different user and claim he used it to make a fortune.