There are a number of ways to day trade crude oil. The main way is through a futures contract. A futures contract is an agreement to buy or sell something—like crude oil, gold, or wheat—at a future date. Day traders close out all contracts (trades) each day and make a profit or loss on each trade based on the difference between the price they bought the contract and the price they sold it.
2 1324 May, 2019
Coupled with other elements of a solid trading strategy understanding the emotion of the overall market can really provide an edge
Love it when pre-market analysis plays out perfectly. Here our previous analysis on the GBP/CAD 4hr anticipating the move is shown by the blue arrows. The second photo shows my initial tips on the analysis. Price played out perfectly and TP has been hit just above support
Don't let the fear of taking risk deprived you of your success, I will tell you what its take to be a genuine account manager Coupled with other elements of a solid trading strategy understanding the emotion of the overall market can really provide an edge
I’m monitoring price action on the AUD/NZD 4hr chart at present. The bearish long term trends on the weekly and Daily seem to still be in tact and a shorter term (4hr)bullish trendline has now been broken with a support level also breached. If price rotates back to that level and shows bearish rejection price action suggesting it is now holding as resistance then there could possibly be some short opportunities with decent R:R opportunity. As always if price action doesn’t behave perfectly we’ll simply pass this one by and look for a different opportunity.