DislikedHello WTI traders. Can I check with you guys if WTI is a good instrument for day-trading? Thank you.Ignored
1. It normally trends better than currency pairs;
2. The daily trading range (ATR) is high (currently 175 pips) compared to the most popular currency pair EURUSD (currently 63 pips) and the higher the ATR the more trade you can squeeze in every day. This also means that you have more chances to recover from a lost trade the same day.
3. The cost of trading WTI is low, at least with my broker. For example the cost of trading, as represented by the margin for 10 lots of WTI (pip value of $1 x 10) is lower than trading 1 lot of EURUSD (pip value of $10 x 1).
This is only my opinion but I hope that other traders will also give their opinion regarding why they like to trade WTI.