Here We mention the general procedure of starting commodity trading in India-
Types of trading
Online Trading: By using the internet.
Offline: With the help of dealer working in your broker company.
MCX (Multi Commodity Exchange)
NCDEX (National commodities derivatives exchange)
FMC – Forward market Commission regulates the commodity market.
Getting started with commodity trading:
Choose Brokers: Here list of Commodity brokers in India.
Sharekhan, Religare Commodities, Geojit Comtrade Ltd, India Infoline, Angel Broking, BNR Securities, R K Globals, Adventures India, SMC, Bezel group, Silverline Commodities, RiddiSiddhi Bullions Limited, Sushil Finance, Motilal Oswal Investment services, Aashika Broking, JRG Securities.
Minimum Investment amount is varied for different commodities but starting your trading with Rs 10000 will be ideally good.
Transferring Money to trade: You can directly deposit to Broker’s company account, Net banking, Demand drafts and Cheques.
To Open a Trading account, you need Bank account, PAN card, Address proof.
Basic needs for Trading: A Internet connection, Trading application which is installed by Broker in your computer. Broker guides you to operate a trading application.
Trading Time from 10:00 am to 11:30 pm.
Get commodity trading tips with authentic Market Researcher or Commodity analyst.