As you make out, there are 2 commodity trading exchanges in India –
- Multi Commodity Exchange (MCX).
- National Commodity and Derivative Exchange (NCDEX).
MCX is chiefly popular for the all Metals and the Energy commodities while the NCDEX for all types of the Agri commodities. However, there is lots of activity selecting up on the MCX for Agriculture commodities as fit. My job over the after that few chapters is to talk about these commodities which are bought and sold on the trading exchanges and get you recognizable with the commodity agreements.
We will see into each & every commodity, that is very actively bought and sold on the commodity trading exchanges. The thought is to know, how the commodity agreement works (agreement specification), figure out which agreement to trade and recognize the issue, which impacts the commodity. I will skip the customary background to the commodities marketplace part, the one which discussion about the past, forwards trading markets, the farmers in the US, the CME (Chicago Mercantile Exchange) etc. You will locate this in roughly any material in the Commodity marketplace. I would like to acquire straight to the spirit of the theme by slicing & dicing the agreements, specifications of the commodities and other facts around them.
Here is the record of the commodities obtainable on MCX to deal; of course I got this record from the MCX website,
The plan is to cover every major commodity, that one can deal. Needless to speak, one has to identify how “Derivative Futures” function before attempting to understand the Commodities. So if you’re not familiar with the Futures, I had encouraged you to understand the module on the futures trading.
Anyway, assuming; you are familiar with the Futures, we will at the present start with Gold and also find the online experts suggestions and tips for better profit such as Free MCX Tips and Live Gold Charts.