Which single commodity is best for mcx commodity trading in india। commodity trading for beginners
#PankajJain #intraday #trading
Crude oil is the single commodity which have movement maximum number of days in a month.
There was mini lot available few months back,but now big lot is available only.
It is good to trade when global market like LME opens, we see heavy volumes here in Indian commodity market,
that’s why we suggest to trade at 6.25pm . but crude oil might move either side.
So it is good to trade with Calender spread.
That means trader is buying this month contract and selling next month contract with a very small stop loss both sides.
If stop loss hits both sides in the beginning, one is not going to lose 0.2% of the capital engaged.
This will happen rarely. because if stoploss hits one side,then it takes at least 3 to 5 minutes to hit SL other side.
One need to get 10 point net profit margin daily.
Is it possible to maintain regular profit daily ?
not at all. but it can give 30-40
pt for 3-4 days.
10-15 points for 9-10 days.
8 days will give nothing. Even brokerage will go from your pockets only.
If a trader is focussing on crude oil with single minded approach, then one can place order for monthly and weekly breakout as well.
Any such breakout will give bigger profits.
One of our 100 days trainee focused only on monthly breakouts first. It gave 50 to 100 points in one lot. Then he scaled up to 4-5 lots to get 50000 in one shot only.
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