Been trading e-mini crude from a small account for about 2 weeks.I've been very cautious and have only managed to break even.I know a small account can be a hindrance but it's all i can afford.No offense to anyone who posts here but i've noticed there's not too much in the way of tips around here,could it be that oil trading is nothing but a casino unless you have inside information?
casino is better than Oil trading , because you could only loose the money in your
pocket at the casino .
If you trade futures , your could come in endless losses , like
Merkle lost 8 milliards at one spike
Kerviel lost 5 milliards
Wedeking lost 12 milliards
also an endless list of loosers , they are all good traders been for more than 10 years.
So you see , never trade products , you dont understand the risk .
With shares and bonds , you only loose your initial money .
If you dont shure in trading , never trade before , you better use a demoaccount .
This is not only to learn , it is to test your performance before you trade with real
money .
I trade 6 years now and use Demo 90 % real only 10 % .
hope this helps you
pocket at the casino .
If you trade futures , your could come in endless losses , like
Merkle lost 8 milliards at one spike
Kerviel lost 5 milliards
Wedeking lost 12 milliards
also an endless list of loosers , they are all good traders been for more than 10 years.
So you see , never trade products , you dont understand the risk .
With shares and bonds , you only loose your initial money .
If you dont shure in trading , never trade before , you better use a demoaccount .
This is not only to learn , it is to test your performance before you trade with real
money .
I trade 6 years now and use Demo 90 % real only 10 % .
hope this helps you
£10kLoser
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Pipbarb's post is pure nonsense.
Trading oil is no different from Forex and you are protected from loss in the same way by your stop. I've been trading oil for many years and have several hundred clients doing the same and nobody has ever been affected by a spike any more than trading any other instrument.
Perhaps as well as saying 'never trade products you don't understand the risk', we should also say ' don't post advice when you don't know what you're talking about'.
The concept that oil trading is nothing more than a casino could be said to apply to all trading. Certainly, most people lose their capital trading Forex, so why pick on oil as being particularly risky?
Two weeks is no time at all to assess a market but the question is always what methods are you using to get your buy and sell signals? What is the logic behind your stop and take profit figures? Are you aware not to trade when there are news releases that affect the dollar, etc., etc.
Sounds to me as if maybe you've picked oil trading out of the blue and have no sound, back-tested system.
Trading oil is no different from Forex and you are protected from loss in the same way by your stop. I've been trading oil for many years and have several hundred clients doing the same and nobody has ever been affected by a spike any more than trading any other instrument.
Perhaps as well as saying 'never trade products you don't understand the risk', we should also say ' don't post advice when you don't know what you're talking about'.
The concept that oil trading is nothing more than a casino could be said to apply to all trading. Certainly, most people lose their capital trading Forex, so why pick on oil as being particularly risky?
Two weeks is no time at all to assess a market but the question is always what methods are you using to get your buy and sell signals? What is the logic behind your stop and take profit figures? Are you aware not to trade when there are news releases that affect the dollar, etc., etc.
Sounds to me as if maybe you've picked oil trading out of the blue and have no sound, back-tested system.
There is a vast difference between a casino and trading. I was taken aback by that assertion. I've never traded oil and it made me wonder if it was a different market from all the rest.
I would say, though, that one can gamble in the markets, if he wishes. Like all gamblers, he'll get lucky at times, but in the end he'll lose the lot. It is the nature of the person and if he has that mentality he can't be helped.
I would say, though, that one can gamble in the markets, if he wishes. Like all gamblers, he'll get lucky at times, but in the end he'll lose the lot. It is the nature of the person and if he has that mentality he can't be helped.
Oil is the most dangerous underlyning : we call it : the wild biest :cheesy:
WHY ? extraordinaer wide volatility and extrem long spikes .....10$ or longer
If someone not know Oil , its not the best to start trading .
I say this to warn everybody , who starts trading , because I have blown 8 demoaccounts
with Oil trading , before I learn what it is .:-0
You need a special Moneymanagment and a lot of money to trade it .
Also the stoplosses were not garanted that is very dangerous .
I got trading experience 6 years now , but I dont trade Oil with real money :whistling
Have seen to many shots and bad spikes also reversals , you never could know .
Its the same with share options they could make huge spikes and then you got a
problem , the Bank will not give you the money back .
On every CFD cover stands the warning : you could lost more than your initial deposit !!
Why they wrote this ??? Because the stoploss is only a nonsense in volatile markets .
Look at price fill of your stoploss : it is not the stop price , believe me I know well .
Better trade Indexes , they got low volatility and small spikes , fills are better .
One thing I heard from JOE ROSS as I ask him , why he trade Commodities :
he say : they got horrible fills ....... ( Because he got enough money for that )
have a nice day
WHY ? extraordinaer wide volatility and extrem long spikes .....10$ or longer
If someone not know Oil , its not the best to start trading .
I say this to warn everybody , who starts trading , because I have blown 8 demoaccounts
with Oil trading , before I learn what it is .:-0
You need a special Moneymanagment and a lot of money to trade it .
Also the stoplosses were not garanted that is very dangerous .
I got trading experience 6 years now , but I dont trade Oil with real money :whistling
Have seen to many shots and bad spikes also reversals , you never could know .
Its the same with share options they could make huge spikes and then you got a
problem , the Bank will not give you the money back .
On every CFD cover stands the warning : you could lost more than your initial deposit !!
Why they wrote this ??? Because the stoploss is only a nonsense in volatile markets .
Look at price fill of your stoploss : it is not the stop price , believe me I know well .
Better trade Indexes , they got low volatility and small spikes , fills are better .
One thing I heard from JOE ROSS as I ask him , why he trade Commodities :
he say : they got horrible fills .......
( Because he got enough money for that )have a nice day
£10kLoser
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Pipbarb has lost the plot and it's hardly surrising he's blown 8 demo accounts.
I believe the man needs help...
This is what he sent me in a private message!!!!
I am nonsense and you are a FXSCAMSELLER
Forex in Malta is like playing Roulette , because when anybody
win you robb the money from the account .
Or say it so : when you give 1 € you never will get back this .
Forex is good for the Managers , to pay there Bonuses well.
Stupid Newbies were back****ed by them , until they loose
all there money , so it works , we call it Bucketshops .....
If anybody begin to talk like you : we got 100000 clients ...
bla bla bla ... then I know you are a Bucketshopseller .
Better stay on your isle and **** cheeps
LOL. Would you take advice from this man?
I believe the man needs help...
This is what he sent me in a private message!!!!
I am nonsense and you are a FXSCAMSELLER
Forex in Malta is like playing Roulette , because when anybody
win you robb the money from the account .
Or say it so : when you give 1 € you never will get back this .
Forex is good for the Managers , to pay there Bonuses well.
Stupid Newbies were back****ed by them , until they loose
all there money , so it works , we call it Bucketshops .....
If anybody begin to talk like you : we got 100000 clients ...
bla bla bla ... then I know you are a Bucketshopseller .
Better stay on your isle and **** cheeps
LOL. Would you take advice from this man?
