How to trade in commodities for beginners ?

How to trade in commodities for beginners ?

How to start trading in commodity market?  you have three options – the National Commodity and Derivative Exchange, the Multi Commodity Exchange of India Ltd and the National Multi Commodity Exchange of India Ltd. All three have electronic trading and settlement systems and a national presence.

Many equity brokers have sought membership with NCDEX and MCX. There are several  broker companies like Refco Sify Securities, SSKI (Sharekhan) and ICICIcommtrade (ICICIdirect), ISJ Comdesk (ISJ Securities), SAS online and Sunidhi Consultancy are already offering commodity futures services. Some of them also offer trading through Internet just like the way they offer equities. You can also get a list of more members from the respective exchanges and decide upon the broker you want to choose from.


ICICI Direct


ISJ Securities

HDFC Securities

In order to make decision about how to trade commodity futures you must have a source of price data.

Many commodity traders prefers to look at price activity on a chart rather than trying to explain the meaning tables of numbers. In financial analysis, charts are absolutely necessary for quickly grasping the essence of historical and recent price action.

The typical commodity chart represents daily price action as a thin vertical bar which indicates the day’s high and by the top and bottom of the bar. A typical daily price chart can show up to six months  of price action this way.

It is easy to change the bar’s time frame from days to weeks or months. For short term trading you can change the bar’s time frame to hours or even minutes.

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