If you are looking to get trading exposure to AU || AG NOT protection, Oanda is IMHO is the way to go you can trade any fraction of a contract and manage scaling into a position w/o a lot of risk (see the chart), these trade are long running swing trades. You can buy as little as 1 unit.
Make sure your leverage is set below 20, 10 is better, add on pull backs and breaches of the ML. Think of it as dollar cost avg into it trade only 1 pos per week as a limit (or some limit duration).
The chart is AG, the first entry was wrong so I waited and tried again until I got it with small pos. sizes at first , increase your pos. sizes on some multiplier as you profit grows and keep the stops tighter as you scale in.
At this point I would set stops with a pitchfork AG is very volatile so trade a longer time frame or you will get stopped out and die a death of a thousand cuts.
No comments:
Post a Comment