One can use the internet to make money by trading in commodities like Crude Oil, Gold, Silver and natural gas etc. All you need is a trading account in the MCX exchange if you are based out of India. Also you would need to understand how the commodities move and in which direction. For starters you can subscribe to various agencies companies who give tips in commodities trading.
The most important thing to understand is that commodities in India take their cues from international markets so you must have a way of finding out how these commodities are doing in the international market in dollar terms.
The most important thing that one needs to consider while trading in the commodities is that you choose a company that provides an account where the margin required for trading in these commodities is low and brokerage is also very low. At the time of opening your trading account you must speak to the representative of the company and try to get the best deal which benefits you the best. This has to be done before opening the account. Please take care to take all the terms and conditions with regards to margin and brokerage in writing from the company where you plan to open your account. There are a lot of companies like sharekhan, indiabulls, indiainfoline, religare which let you open trading accounts for commodities.
I wish you all the best in trading in commodities as this is a very lucrative business if you follow the rules of trading with discipline by following strict stop loss and profit taking triggers.
If you want to know the rates of commodities like Crude oil, gold, silver and platinum then refer to the below mentioned price chart and price table. Prices of most traded currencies are also listed in the adjacent table.
The most important thing to understand is that commodities in India take their cues from international markets so you must have a way of finding out how these commodities are doing in the international market in dollar terms.
The most important thing that one needs to consider while trading in the commodities is that you choose a company that provides an account where the margin required for trading in these commodities is low and brokerage is also very low. At the time of opening your trading account you must speak to the representative of the company and try to get the best deal which benefits you the best. This has to be done before opening the account. Please take care to take all the terms and conditions with regards to margin and brokerage in writing from the company where you plan to open your account. There are a lot of companies like sharekhan, indiabulls, indiainfoline, religare which let you open trading accounts for commodities.
I wish you all the best in trading in commodities as this is a very lucrative business if you follow the rules of trading with discipline by following strict stop loss and profit taking triggers.
If you want to know the rates of commodities like Crude oil, gold, silver and platinum then refer to the below mentioned price chart and price table. Prices of most traded currencies are also listed in the adjacent table.
NYMEX WTIC crude oil | COMEX gold |
