Born in Manhattan and raised in Staten Island, Michael (Oscar) Carboni stumbled upon the exciting world of commodities trading while a freshman college student visiting his then girlfriend, now wife, Lisa, who had just gotten a job on the floor. Soon the lure of big money in the fast paced, pressure packed ‘pits’ (as brilliantly captured in the movie ‘Trading Places’ with Eddie Murphy and Dan Akroyd) caused Oscar to abandon his pursuit of a college degree and work full time on the Commodities Exchange.
Working the floor by day, Oscar took evening classes at the New York Institute of Finance. Under the tutelage of world renowned analyst John J Murphy, Oscar became a well respected analyst among his peers and soon started his own successful order execution and trading firm. An early adopter of sophisticated analytical and trading technologies, he began sending his daily analysis sheets, first by fax and later via email. His consistently reliable advice drew attention from investors around the world, and at the request of his clients Oscar has traveled the world many times over solidifying existing and forging new relationships in the international community.
After many years in the pressure cooker floor environment, and with electronic trading threatening the very existence of the open outcry system, Oscar yearned to break away from the need to be present in the pits each day. Seeing the potential in short term using a multitude of complex computer algorithms and charting trading through analytics programs, Oscar combined his technical savvy with his floor experience to create a unique ‘hybrid’ style of analysis which he has begun to share with the world through his new daily video series ‘Short Term Trading with Oscar’, which is available through his website www.futurestraders.com and Youtube.
With emails pouring in from around the world thanking Oscar for his ‘no-nonsense’ approach to trading, and various Youtube awards attesting to the series’ popularity, the New York Post took notice and featured Oscar in a business article on 1/16/07.
As his viewership continues to grow and his Youtube popularity continues to soar, Oscar hopes to continue to reach as many viewers through whatever outlets best avail themselves of his special talent.
Oscar is married with three children and works out of his home office in the Dongan Hills section of Staten Island.