Today, we will discuss the interaction and correlation of oil prices and the CAD.
All posts
There are several ways of trading oil; an individual trader may choose from futures, CFDs, and options. Whatever type of contract you choose, you will have to analyze the chart of your asset and only then open a position: a buying one if you expect the oil to grow or a selling one if you think it will decline.
Today, we will discuss a simple strategy for trading oil. It is meant for H1 and M30, which allows receiving a quicker result and placing smaller Stop Losses than on D1 or H4.