If Oil contract is too big for you, use USDCAD to trade

$1 in Nymex Oil mini contract represents US$500
$1 in FXYard Oil supermini contract represents US$100

If supermini contract is still too big for you to trade, then consider using USDCAD to trade. You can trade in size of 10,000, which is very affordable to retail traders.

On 20 August, I had written an article "Trade USDCAD by tracking Oil price" in my FX trading website. This is because USDCAD moves in the inverse direction to oil price. So this means if you think oil price is going to fall, you should buy USDCAD.

This is exactly what I have been doing. I predict oil price will fall to US$100 before rebounding up, so this means USDCAD will continue to rise until oil hits US$100.

See my USDCAD trade here.