It is not every ones
cup of tea to make money in commodities market by trading on an intra-day
basis. It is possible that the commodity going up trend will start showing down
trend and you will never know about what has happened. Thus intra-day trader
should be familiar with the latest news strangling around the commodity market
so that he/she can take quick as well as witty judgement while trading.
Commodities have two
segments – MCX (Multi Commodity Exchange) and NCDEX (National Commodity and
Derivatives Exchange Ltd.). These are traded in big amount and their prices as
well as quality levels are universally exercisable. MCX includes Crude Oil,
Silver, Gold and copper metals like Aluminum Ingot, Electrolytic Cathode etc. NCDEX
includes agriculture produce like Cashew, Crude Palm Oil, Cotton Oil Cake,
Coffee etc.
It is mandatory to get
registered in any of the commodity exchanges for commodity trading. Out of 25
commodity exchanges in India, 3 are national level exchanges and rest are
regional level exchanges. The national level exchanges are MCX, NCDEX, NMCEIL
and these are fully online and automated exchanges.
Most of the traders
access the public platform because they get in touch with other traders for
trading advices and also they retrieve knowledge about commodities that can
make benefits. Our suggestion is to follow tips or advices from learning and
proficient technical analysts of ABans Group as you need to have a reliable
source that you are confident of.
Founded in 2005, ABans Group has grown from being a trading house
to a dynamic and diversified business group. We provide expertise in Broking
Services, Merchant Banking, Non-Banking Financial Dealings, Jewellery
manufacturing and Realty and Infrastructure. It is a comprehensive Financial
Services and Solution Provider,which aims to provide an end-to-end financial
solution to its clients.
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