No, Oil scares me because of sudden moves that can occur.
On Wednesday last week it drop 250 pips in 2 hours.
About 5 years ago I was trading it on the 1 hour chart and it gapped over my take profit and ran 300 pips north.
It was a good few grand win but pure luck. I could of had a margin call that day due to a smaller amount in my account. I have never traded it since.
My broker also closes all positions every month, so it leaves me no chance to trade out of a losing position.
I just trade Gold and 21 Forex pairs.
But I have never tried M5 trading on Oil, maybe worth a look if I get bored.
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No, Oil scares me because of sudden moves that can occur. On...
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