Bedroom traders gamble on oil as prices go wild [Yahoo! Finance]
GameStop Corporation (GME)
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Source: Yahoo! Finance
For bedroom traders unafraid of a risky bet, the markets have presented a unique opportunity in recent weeks. The price of oil, usually relatively stable, has been swinging wildly in response to developments in the Iran war and Donald Trump's social media posts about it. It presents an opportunity to make potentially large sums gambling on which way it will go next – though the risk of a wipeout is equally sizeable. Data from trading platform Capital.com show the number of so-called retail investors, as opposed to professional, making trades in oil markets has increased by more than 1,650pc since the war broke out last month. Most are using so-called derivative contracts to make bets on which way the price will go in the coming hours and days. Michele Tieghi, a London-based entrepreneur, is one of those who have invested in oil for the first time since the conflict began. “Given the geopolitical tensions in the region, I anticipated that oil prices could become more volat
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