In India, here are two main markets or in other words, we can trade in two markets, one is a stock market or equity market and other is a commodity market. If you want to spend more amount and earn maximum profit than the Indian Commodity market is best for you. Before the trading in the Indian commodity market, you should be conscious about the trading tips for the commodity market. A few important trading tips are given below:
Knowledge: It is the first important step for trading. You should have full knowledge about the market where you are trading. You should have information about MCX and NCDEX which are two main parts of the commodity market and also knowledge about the products which are coming into it.
Account: You must have to make an account within a distinguished broker registered to NCDEX or MCX. After open an account, you need to decide the commodities like as gold, silver, metals, crude oil, natural gas etc. that you are ready made for trading.
Contracts: After selecting your commodities you have three to six contracts open that will be unacceptable or expired after the Few period of time. Then you necessary to set an order to buy or sell or you can do both at the same time. Each commodity trading is only marginally based and has a specific margin price by the relations that must be paid for your trading. Usually, the margin value varies within 5 to 20% and do change by the connections periodically. Modify happen only when the market becomes extremely speculative.
Knowledge: It is the first important step for trading. You should have full knowledge about the market where you are trading. You should have information about MCX and NCDEX which are two main parts of the commodity market and also knowledge about the products which are coming into it.
Account: You must have to make an account within a distinguished broker registered to NCDEX or MCX. After open an account, you need to decide the commodities like as gold, silver, metals, crude oil, natural gas etc. that you are ready made for trading.
Contracts: After selecting your commodities you have three to six contracts open that will be unacceptable or expired after the Few period of time. Then you necessary to set an order to buy or sell or you can do both at the same time. Each commodity trading is only marginally based and has a specific margin price by the relations that must be paid for your trading. Usually, the margin value varies within 5 to 20% and do change by the connections periodically. Modify happen only when the market becomes extremely speculative.