Online Commodity Trading on MCX And NCDEX

November 17, 2021 by No Comments

Commodity Market is a market where raw items or products are brought in market for selling or buying, these products are exchanged in this market.

Firstly Commodity Trading was started in the 19th century. At that time Commodity Trading was done by small clay coins which were made by baking in summers. At that time Commodity trading includes trading of sheep, pigs and other cattle, wheat and corns.

Later on Commodity Market size increased and many other things were included in it. Now Commodity Trading is done Online in most parts of the world.

There are many commodities for trading in the commodity market. Commodity Market consist of 2 type of exchanges they are:-

MCX (Multi Commodity Exchange) and

NCDEX (National Commodity and Derivatives Exchange)

MCX – MCX was established in 2003 in India. MCX is India’s no. 1 commodity electric hand coffee grinder exchange as it has 84% market share (2008). In worldwide it has ranking 1. in Silver 2. in Natural gas and 3. in Gold and Crude oil. MCX consists of following commodities:-

  1. METAL – Aluminium, Copper, Lead, Zinc, Nickel, Sponge Iron, Steel Long, Steel Flat, Tin.
  2. BULLION – Gold, Gold HNI, Gold M, i Gold, Silver, Silver HNI, Silver M
  3. FIBER – Cotton L Staple, Cotton M Staple, Cotton Yarn, Kapas
  4. SPICES – Cardamom, Jeera, Pepper, Red Chilli
  5. PULSES – Chana, Matur, Yellow Peas
  6. CEREALS – Maize
  7. ENERGY – Crude oil, Furnance Oil, Natural Gas
  8. Plantations
  9. Petrochemicals
  10. Oil and Oil Seeds.

NCDEX – It was established on 23 April 2003 and it is a Public Limited Company. NCDEX is regulated by FMC for Future Trading in Commodities. It is located in Mumbai.

Commodities Traded in NCDEX are as follows:-

  1. AGRI Based Commodities – Chana, Chilli, Cofee, Cotton Seed, Crude Palm Oil, Groundnut, Groundnut Expeller Oil, Guar Gum, Guar Seeds, Gur, Jeera, Kidney Beans, Masoor Grain Bold, Staple cotton, Mentha Oil, Mulberry Raw Silk, Mulbery Green Cocoons etc.
  2. BULLION – Gold 1 KG, Gold 100 gm, Silver 30KG, Silver 5 KG.
  3. ENERGY – Brent Crude Oil, Furnance Oil, Light Sweet Crude Oil.
  4. FERROUS METALS – Mild Steel Ingot.
  5. PLASTICS – Polypropylene, Linear Low Density Polyethene, Polyvinyl Chloride.
  6. NON-FERROUS METALS – Aluminium Ingot, Copper Cathode, Nickel Ingot, Zinc Cathode.

There are number of Traders who Trade in Commodity Market, But the one who Trade for long term only earns in Commodity Market. Commodity Market is for those who have long term plans regarding investment. To work online in Commodity just Search on Google “Commodity Trading Online” and you will get a lot of information and resourses. Also you can find Brokers in this way just search “Online Commodity Broker” and you will get no. Of them. If you are a Freasher in Commodity Trading then you should choose a good Advisory Company which will help you to understand the market and help you to earn Profit.

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