Commodity trading tutorial for beginners

Trading in commodity

What is mean by commodity market?

A commodity market giving an opportunity  in all types of commodities. It may be a spot or a future trading market like NSE AND BSE. In spot market, commodities are bought and sold for immediate delivery, whereas in future trading market, various commodities based on agriculture, metal, energy are traded. These financial instruments  are traded in exchanges.

For trading in commodity derivatives you need to open an account with a broker who registered with mcx.
Broker will give you a trading terminal.

 Then you can select one or more commodities you are interested.

Then watch the market for one week.

After that you can start paper trading.
paper trading means watch the market and follow the trend. After that as per trend buy or sell at the current market rate (write down in a paper as bought for 1200 or sold for 1200)
Then watch the movement of the market.
If your pridiction is right as 80% you can start the real trading.
You can watch the charts on Amibroker charting software
Download it from http://www.amibroker.com/download.html
You can use mcxeod data from our side.