Step-(1) – Decide Quantity / How many lots to Trade:
Quantity should be limited while deciding a strategy to handle any sudden movement or SL Hit.
Step-(2) – Best Time to Trade in MCX Crude Oil:
Prices in MCX are being affected by other Exchanges like NYMEX. So Deciding a Proper Time Segment is very important for any Strategy in MCX. Trading with Time segments helps to prevent Over Trading.
Here are Few important Timings for Crude Oil Trading : 2:30 PM, 6:30 PM, 7:30 PM, 8:00 PM, 8:30 PM
Step-(3) – Stop Loss and Target Strategy for Crude Oil:
Best crude oil trading techniques for daily 5-50 point of profit