introduction

This is a discussion on introduction within the First Steps forums, part of the New Traders category; i have never traded crude oil before. i am so scared and would like any inputs to guide me ---any ...

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Old Jul 28, 2012, 8:49pm   #1
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i have never traded crude oil before. i am so scared and would like any inputs to guide me ---any good courses ao seminars to attend?. i trade forex thoughwill appreciate any inputs. i am a physician by profession.

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Old Jul 31, 2012, 10:25am   #2
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Are you trading forex? if you understand how to trader forex, I don't think it's do difficult since most skills are about the same.
you need to judge the trend and make the right decision.
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Old Jul 31, 2012, 11:32am   #3
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I have'nt tried it yet, but I guess its no different than forex, but theleverage and lot sized are different and the thing is its hard to tell with so little info with regards to oil news, I see other metals such gold and silver in my MT4, btw i trade with hotforex, but never tried them
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Old Aug 1, 2012, 10:27am   #4
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Quote:
Originally Posted by ph_trader View Post
I have'nt tried it yet, but I guess its no different than forex, but theleverage and lot sized are different and the thing is its hard to tell with so little info with regards to oil news, I see other metals such gold and silver in my MT4, btw i trade with hotforex, but never tried them
i think the risk might be bigger as compared to forex if the trader is a swinger.
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Old Aug 3, 2012, 1:18pm   #5
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from my view, compare to forex, crude oil is much more political related, the war, the depression of economic, especially the swinger of the middle-east, Russia, all these facts impacts the price of crude oil.
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Old Aug 7, 2012, 11:00am   #6
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from my view, compare to forex, crude oil is much more political related, the war, the depression of economic, especially the swinger of the middle-east, Russia, all these facts impacts the price of crude oil.
actually forex is the same. no matter what you choose to trade, you should be ready to react quickly to the breaking news and make the decision.
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