Oil price war and the fear of fundamental price actions.

Mar 29, 2020 at 12:07
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5 Replies
JapaneseGroupFx
forex_trader_1153031
Member Since Feb 28, 2020   77 posts
Mar 29, 2020 at 12:07
Any one afraid like me trading oil for now due to the Saudi and Russia price war?

I'm staying clear for oil for now, because I don't want yo be in the middle of trading it and one side just woke up from the wrong side of the bed and decide to make a catastrophic announcements on oil outputs and I'm caught in between.

What about you?
Member Since Dec 20, 2019   23 posts
May 01, 2020 at 14:20
When I asked my friend, he advised me to abstain from trading oil for now. At the moment it is a rather unstable market from which you don't know what to expect next. Oil prices are jumping and it is impossible to make any predictions about what will happen next. Only the brave ones are getting there now.
Member Since Mar 09, 2020   3 posts
May 12, 2020 at 18:20
Oil is unstable, but it still follows technical's. I would not look to swing oil any time soon but spot trading for 30-75 pips is very possible daily if not at least 3x a week.
It would depend on your training how comfortable you are with trading oil.
Retail traders pay retail prices... Trade in line with the institutions
Member Since Jul 20, 2019   373 posts
May 21, 2020 at 16:27
Up or down, you decide. D1-trends and S&R are visible.

Attachments:

patience is the key
Member Since Dec 05, 2019   17 posts
Jul 20, 2020 at 16:10
Yes, there are assets in the market that can be a little risky to trade with. But if you make a detailed fundamental analysis, these risks can be slightly minimized. So, with the right approach - trading stops being so dangerous and risky. Evaluate your strengths and capabilities objectively, and you will succeed.
Member Since May 13, 2020   128 posts
Jul 27, 2020 at 02:51
I take into account the analytical forecasts of Amarkets in order to understand what is better to trade.
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