Commodity Market trading involves huge risk and a lot of people make losses in the MCX trading just because they are not able to get the proper and accurate advice on what to trade and how to trade. Most of the traders in Commodity Markets in India trade just for the sake of trading and end up making huge losses.
About the MCX:
MCX is the India's largest Commodities trading exchange promoted by Financial Technologies (India) Ltd, MCX enjoys the confidence of blue chips in the Indian and international financial sectors. MCX's broadbased strategic equity partners include, NYSE Euronext, State Bank of India and its associates (SBI), National Bank for Agriculture and Rural Development (NABARD), National Stock Exchange of India Ltd. (NSE), SBI Life Insurance Co. Ltd., Bank of India (BOI) , Bank of Baroda (BOB), Union Bank of India, Corporation Bank, Canara Bank, HDFC Bank, Fid Fund (Mauritius) Ltd. - an affiliate of Fidelity International, ICICI Ventures, IL&FS, Kotak group, Citi Group and Merrill Lynch.
MCX is India's No. 1 commodity exchange with 83% market share in 2009
The exchange's main competitor is National Commodity & Derivatives Exchange Ltd
Globally, MCX ranks no. 1 in silver, no. 2 in natural gas, no. 3 in crude oil and gold in futures trading
The highest traded item is gold.
MCX has several strategic alliances with leading exchanges across the globe
As of early 2010, the normal daily turnover of MCX was about US$ 6 to 8 billion
MCX now reaches out to about 800 cities and towns in India with the help of about 126,000 trading terminals
MCX COMDEX is India's first and only composite commodity futures price index
Why trade in MCX
• It offers a electronic platform for the commodities like – Gold , Silver, Copper, Nickel
• Provides liquidity by making the traders meet and makes trading in commodities (Crude, Zinc, Lead, Copper) easier by making a market for the same.
• Removes the risk of third party risk.
• Transparent Market Pricing
There are many companies in the market provideing tips for commodity market. They provide calls in all sectors of commodity market with high percent of accuracy. They provide MCX tips, NCDEX tips, Bullion metal tips, Agri tips, Gold tips, Silver tips. Commodity trading live market tips and calls for expert trading with profits on daily and monthly basis. Real time data makes commodity online tips easier and more accurate using technical analysis. Free Commodity market tips and trading charts for intraday mcx tips in Indian commodity markets.
