Commodities trading in the world has the vast history, but in India it started in 1953 under the regulatory body called Forward Market Commission (FMC). At present there are two exchange for commodity market i.e National Exchange and Regional Exchange. In National Exchange there are three marketplace, where a trader can trade such as Multi-Commodity Exchange (MCX), National Commodity and Derivative Exchange (NCDEX), National Multi-Commodity Exchange (NMCX).
Commodity Exchange is the place where the lots of artifacts are traded. In Indian Commodity exchange trading is done in Agriculture product, Precious Metals, Base Metals and Energy.
Multi-Commodity Exchange (MCX):- It is the largest commodity exchange in India that covers utmost seventy percent exchange market in India. These market includes some products first one is Precious Metals such as Gold and Silver in which trading is done, second one is Base Metal it includes Aluminum, Zinc, Copper, Nickel, Lead, Tin, Brass etc, third is in Energy there are some products like Crude Oil, Brunt Crude Oil and Natural Gas. These are the major product in MCX.
National Commodity and Derivative Exchange (NCDEX):- It is the second largest exchange in India which covers Twenty five percent of Indian exchange market. Agriculture products are traded such as Cotton, Castor Seeds, Chana, Coriander, Guar Seeds, Sugar, Wheat, Soyabean, Refined Soya, Zeera, Dhaniya, Barley, Bajra, Turmeric etc.
These all exchanges are online running commodity exchanges in India and provide services to trade in future market, derivative market and all the current or live rates of listed products in exchange on online portal.
The way you will trade in Commodity:- First of all you just need to open a Commodity account by which you can invest. You can choose the best broker as per your requirement or depending upon the facilities provided by broker. After this you need to deposit your money in account to buy or sell the contracts. Commodity market is one of the typical market. New trader will find difficulty in initial trading days. It is suggested that one needs to take advise from the advisors. There are many advisory firms in India, which provide stock tips and commodity tips . Ways2Capital provides one of the best advisory services.
Commodity Market provide a facility to trade in agreement i.e, Futures contract.These future contracts allow a trader to buy or sell commodities for the specific time period and at the current market price. One of other facility is to buy or sell these future contacts at the margin price of the current market price. And all the listed products are traded in minimum fixed quantity i.e, LOT.
A lot is group of fixed or minimum quantity of goods, by which transaction of contracts deals easily. In Commodities you can invest for long term or short term periods, depending upon the requirements of trader or the requirement of time.
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