MCX: The invention for commodity trading

Posted by Pankhu Khare on September 24th, 2019

In the share market, there are two important pillars who plays an important role in trading are buyers and sellers. The one who is responsible to sell is a seller and the other one buys.

Share market is a place where you can buy or sell different kind of things- like metals, non-metals and can invest your money and in return will receive profit. You can do this by nifty trading and MCX trading.

MCX trading is responsible for selling or buying metal material gold, silver and nickel and non-material things. It is also responsible and helps to sell and buy wheat, rice, pulses etc. For MCX trading, you can also meet the Commodity Tips service Provider in Indore.

What is the need of Futures trading contract and options trading in MCX?

For this kind of trading, there are two parties who depend on contract. In contract, they mention all the details as buying date, expiry date, requirements, quantity and type of good, personal information.

If any conflict happens in future, then this contract helps in solving the matter. In the contract, all the terms and conditions mentioned. There are two types of contract trading future and options. Future is for non-metal trading, agricultural trading and option contract for metal.

MCX commodity service provider also serves for energy commodities as oil, gases, petroleum. MCX market opens from Monday to Friday for trading and closes in weekends as Saturday and Sunday.

Basic Things before investing in MCX

• The basic thing you should have a bank account and a pan card.
• It would be better if you have knowledge about the current market.
• If you don’t have much knowledge then to reduce the risk you should meet the professionals.
• If it is your first time in MCX then I will advise you to invest less and according to your budget.

There are also different advisory company that will help you to know the market trends will help you to place your good at perfect place as per your needs. KTG Financial advisory sebi registered commodity tips provider established in Indore, is one of them.