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You can get mcx crude oil intraday trading tips from experts
by Riya Jain ExecutiveMCX is the leading commodity exchange in India. It was also declared as the world’s 5th largest commodity exchange, as per the terms of the number of future contracts traded. Traders trade in all kinds of commodities but the energy commodities are probably the only commodities whose trading has the greatest effect on the investors as well as the non-investors.
Any fluctuation in the price of the commodity will have a great effect on the prices paid by the consumer. The energy commodities include oil, gas, coal, electricity and ethanol. There are many companies across the world that can provide proper guidance and suggestions for starting to trade in MCX crude oil. Their tips are ideal for both beginners and experts. One such company is Crude Operator, whose MCX Crude oil intraday calls have really changed the lives of many investors for better.
Steps for MCX operator based intraday calls
Some steps which need to be followed in order to get the best out of MCX operator based intraday calls in trading crude oil are discussed below.
Quantity should be limited when you decide on a strategy to handle any sudden movement or an SL Hit. Normally, the brokers provide 3-5 times limit but there are some brokers who can provide 10-30 times limit as well. Whatever be the limit, it should be enough to handle any sudden fluctuation. For the safety of traders, it is better to trade one mini lot per 15, 000/- capital. But for those traders who can afford the risk, it can be 1 mini lot per 10, 000 capital. These quantities can definitely be increased based on the market condition i.e. the movements.
Prices in MCX affect by other exchanges
The prices in MCX are often affected by other exchanges like NYMEX, so deciding a proper time frame is very much important for any strategy to be implemented in MCX. Trading with keeping these time segments in mind will always prevent overtrading. Some important timing for crude oil trading is 2.30 pm, 6.30 pm, 7.30 pm, 8.00 pm and 8.30 pm. One should never over trade between the time segments. One should buy or sell crude oil at specific time segments and then again wait for 5-6 minutes. After 5-6 minutes if the trade is in 5-10 point profit then it is better to put 5 point SL and wait for the target. If the trade is in loss then one should wait for the next 15 minutes. Again after 15 minutes if the trade is in 5-10 point profit, 5 point SL should be put otherwise the trade should be closed for the day.
When it comes to taking buying and selling decision, certain things will always have to be kept in mind. Total Bid Quantity will be the buyers and the Total Ask quantity will be the sellers. The total bid quantity and the total ask quantity should be added on the trading screen. Minimum difference between buying and sell should be 500 and for safe trading, it should be 800. Though trading is good in mini lots, it is always better not to check the differences through the mini lot.
Any fluctuation in the price of the commodity will have a great effect on the prices paid by the consumer. The energy commodities include oil, gas, coal, electricity and ethanol. There are many companies across the world that can provide proper guidance and suggestions for starting to trade in MCX crude oil. Their tips are ideal for both beginners and experts. One such company is Crude Operator, whose MCX Crude oil intraday calls have really changed the lives of many investors for better.
Steps for MCX operator based intraday calls
Some steps which need to be followed in order to get the best out of MCX operator based intraday calls in trading crude oil are discussed below.
Quantity should be limited when you decide on a strategy to handle any sudden movement or an SL Hit. Normally, the brokers provide 3-5 times limit but there are some brokers who can provide 10-30 times limit as well. Whatever be the limit, it should be enough to handle any sudden fluctuation. For the safety of traders, it is better to trade one mini lot per 15, 000/- capital. But for those traders who can afford the risk, it can be 1 mini lot per 10, 000 capital. These quantities can definitely be increased based on the market condition i.e. the movements.
Prices in MCX affect by other exchanges
The prices in MCX are often affected by other exchanges like NYMEX, so deciding a proper time frame is very much important for any strategy to be implemented in MCX. Trading with keeping these time segments in mind will always prevent overtrading. Some important timing for crude oil trading is 2.30 pm, 6.30 pm, 7.30 pm, 8.00 pm and 8.30 pm. One should never over trade between the time segments. One should buy or sell crude oil at specific time segments and then again wait for 5-6 minutes. After 5-6 minutes if the trade is in 5-10 point profit then it is better to put 5 point SL and wait for the target. If the trade is in loss then one should wait for the next 15 minutes. Again after 15 minutes if the trade is in 5-10 point profit, 5 point SL should be put otherwise the trade should be closed for the day.
When it comes to taking buying and selling decision, certain things will always have to be kept in mind. Total Bid Quantity will be the buyers and the Total Ask quantity will be the sellers. The total bid quantity and the total ask quantity should be added on the trading screen. Minimum difference between buying and sell should be 500 and for safe trading, it should be 800. Though trading is good in mini lots, it is always better not to check the differences through the mini lot.
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About Riya Jain 
Executive
15 connections, 0 recommendations, 48 honor points.Joined APSense since, April 3rd, 2017, From Mumbai, India.
Created on Dec 31st 1969 18:00. Viewed 0 times.
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