algotrader guys i want to trade crude oil on mcx but lot size is 100 barrels which requires too much margin. why cant they reduce lot size like they did for gold mini? small retail traders like me cant afford such big positions. anyone else facing same issue?
algotrader Reply by: DayTrader_Mumbai bro you can try crude oil mini contract if its available. or else use options on crude oil futures, that requires less margin. but options are little complicated if you are beginner. better learn properly before trading.
algotrader Reply by: RiskManager_Pune Actually MCX increased margin requirements recently because of volatility. Crude oil can move 2-3% in single day so exchange wants to protect traders from big losses. If you cant afford margin then better to avoid or trade with smaller position in other commodities.