Dear Friends,
I am brand new to commodities but am interested in exploring opportunities in them, beginning with Crude Oil.
I searched long and hard in this forum for a few basic questions but could not really find precise answers.
I thought instead of asking individually in various threads, perhaps I could post this thread so it will be helpful for newbies like me to find these basic answers in one place.
I see there are many experienced commodities traders here and it would be very kind of them if they could help us out.
Here are my questions:
1)What is the typical Slippage you see in Crude Oil? Is it 1 rupee or 2 or more?
For e.g if your entry price is Rs. 3100, will the order fill most of the time at 3100 or 3102 or 3103, etc?
2) I am looking at trading 5 min to 15 min charts on an intraday basis. What filters would you suggest for entry and SL? Should it be 1 rupee or more or less?
3) Is 5:30 PM to 11:30 PM the best time to trade only Crude Oil or all commodities?
4) Some say Crude Oil and commodities in general are very dangerous to trade and one should stick to Nifty. Is this true?
5) Any other advice you can provide on Crude Oil trading will be greatly appreciated.
In case you don't trade Crude Oil, it would still be helpful if you can give information on Slippage and Entry/SL Filter on a commodity or commodities of your choice and any related advice.
Thanking you all in advance and wishing you all continued success in your trading.
RDev
I am brand new to commodities but am interested in exploring opportunities in them, beginning with Crude Oil.
I searched long and hard in this forum for a few basic questions but could not really find precise answers.
I thought instead of asking individually in various threads, perhaps I could post this thread so it will be helpful for newbies like me to find these basic answers in one place.
I see there are many experienced commodities traders here and it would be very kind of them if they could help us out.
Here are my questions:
1)What is the typical Slippage you see in Crude Oil? Is it 1 rupee or 2 or more?
For e.g if your entry price is Rs. 3100, will the order fill most of the time at 3100 or 3102 or 3103, etc?
2) I am looking at trading 5 min to 15 min charts on an intraday basis. What filters would you suggest for entry and SL? Should it be 1 rupee or more or less?
3) Is 5:30 PM to 11:30 PM the best time to trade only Crude Oil or all commodities?
4) Some say Crude Oil and commodities in general are very dangerous to trade and one should stick to Nifty. Is this true?
5) Any other advice you can provide on Crude Oil trading will be greatly appreciated.
In case you don't trade Crude Oil, it would still be helpful if you can give information on Slippage and Entry/SL Filter on a commodity or commodities of your choice and any related advice.
Thanking you all in advance and wishing you all continued success in your trading.
RDev
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