Last week I had written about my back-testing findings on crude oil trading, details here.
I'll be trading super mini oil contract next week based on my back-testing findings, so look out my oil trades in this website.
Click here if you also interested to trade super mini oil contract, choose Standard account to open. Mini account can only be used to trade mini forex. There is no cost in opening the demo account. This platform charges no commission, oil price is quoted in 6 pips spread, which is very reasonable.
I had set 3 rules for my oil trading:
1. I'll only buy, I'll not short, dangerous to short oil, since I believe oil is going to go higher and higher.
2. I'll always place a $5 stop loss limit. Meaning if I buy oil at $130, I'll place a stop loss limit at $125. So the maximum that I'll lose per trade is US$500.
3. I'll only buy when my proven indicator tells me so, if not I'll stay sideline.
Hence if there is no buy signal from my indicator next week, then there will be no trades. Keep you updated!
Useful links:
http://Basemetal-Trading.blogspot.com/
http://Investment-News-Update.blogspot.com/
http://AllAboutOil.blogspot.com/
http://BinaryTrading.blogspot.com/
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