MCX Crude Oil Trading Concepts for New Traders.

mxguru

Newbie
3 0
Hi,
I'm not going to describe advance and Deep Concepts of Crude oil Trading in MCX Exchange.
I want to write few line for New Traders, if they want to trade in Crude Oil. And of course for experienced traders, if they always trade in hurry.

Some Basic Rules for New Traders:

1. Always trade with Strict Stop Loss in Crude Oil.
2. Trade after proper position, like never trade when some Market's open.
Like in MCX, Don't trade after 5:30PM - 8:30 PM, without any experience & Analysis.

3. Trade in Morning Session, and in Evening session after 8:30 PM (MCX Only), if market is in normal movement.

4. Never trade beyond capacity, Means if you have margin to buy/sell 5 Crude Oil Lot, than Buy/Sell Only 1 Lot.
If crude oil is +100 points or -100 point than you can trade 2 Lots (if margin is for 5 Lot).

5. Book profits if Crude Oil is 20 points up or Down. Don't be greedy for Big profit.

6. Always trade Intraday.

for daily updates visit: Crude Oil Tips, Sure Shot Crude Tips Provider

or
Crude Oil News - Tips

Thank You.
 
Last edited:

Nikhil Dogra

Member
53 1
I have found more happiness trading it for a longer time frame , In last 1 year i have taken out close to 4000 points :LOL: trading "far month" contracts if i had a belief it will be going in a trend. I enter "far month" contract and go net long or short via "near" & "next" month contracts that way i am with my core position for the long haul & hedged if market is going opposite to my belief & net long or short with the market beliefs !
 

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