I took a long trade on WTI oil
BOUGHT @ 81.92
CLOSED 82.304
Pls what's the margin required for trading oil? Like what's the smallest amount I need to have in my account?
Depends on the broker, some brokers offer micro lots on oil and with such brokers you can use $10 to start and manage a trade
Today I shorted oil during the start of the NY session
WTI BUY TRADE
Trade in progress
BUY 8669
SL 8588
Stopped out of this one
WTI long trade
The strategy here is to box out the early trading period from 1 to 2:30 pm which is like the pre-open then trade when price reacts with the edge of the box or when price exits the box and starts coming back in. I have closed it in profit