Lets learn how can we trade in commodity market?
Trading in commodity market requires opening an account with a commodity broker. You can call a broker like sharekhan, Angel Broking or others. A representative will come to your home and will do all the formalities to open an account. It’s very simple.
Normally, you’ll be trading on MCX or NCDEX both are nationalized commodity exchanges.
However, do you have answers to the following questions?
- What commodity to trade?
- When to trade which commodity?
- How long we should hold a commodity contract?
- What if thing go wrong and we face losses?
- When to exit in losses?
- When to take profit and exit?
- How market reacts to economic news?
- Which company is good to buy?
- Do you have idea about risk management.
- Are able to forecast price movement.
There are many more questions. This market is full of market makers who can corner the prices any time. So, you just can not jump into the commodity trading. We need to learn first.
What you should I do before trading in commodity market?
The most important thing is that you must study before you invest. Follow these steps:
- Check your capital.
- Set a risk level before you invest.
- Set monthly targets or profit and loss both.
- You must have a trading plan.
- Start reading economic news and events.
- Work on you emotions.
- Start with small lot sizes.
Still, if you trading and losing money, then you must need join a commodity trading course.
Join Our basic of commodity trading classes for FREE
You can start with our FREE Classes. Which is for two days. Where you can learn everything on how to trade in commodity market. You can give us a call or email us.