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Friday, March 28, 2014

Online Commodity Trading on MCX And NCDEX

The Commodity Market is a market where uncooked items or products are brought to market for purchasing or selling, these products are exchanged in this market.

Firstly Commodity Trading was started in the 19th century. At that time Commodity Trading was completed with little clay coins which were made by baking in summers. At that time Commodity trading included the trading of ewe, boar and other cattle, wheat and maize.
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Later on Commodity Market size rise and many other things were included in it. At the present Commodity Trading is done Online in the majority parts of the world.

There are a lot of commodities for trading in the commodity market. Commodity Market consists of 2 types of exchanges they are:-

MCX (Multi Commodity Exchange) and

NCDEX (National Commodity and Derivatives Exchange)

MCX - MCX was placed in 2003 in India. MCX is India's number one commodity exchange as it has 84% market share (2008). In worldwide it has ranking one. In Silver two. In Natural gas three. In Gold and Crude Oil. MCX consists of under mentioned commodities:-

METAL - Aluminium, Copper, Lead, Zinc, Nickel, Sponge Iron, Steel Long, Steel Flat, Tin.

PULSES - Chana, Matur, Yellow Peas

Plantations

Petrochemicals

Oil and Oil Seeds.

CEREALS – Maize

BULLION - Gold, Gold HNI, Gold M, i Gold, Silver, Silver HNI, Silver M

FIBER - Cotton L Staple, Cotton M Staple, Cotton Yarn, Kapas

SPICES - Cardamom, Jeera, Pepper, Red Chili

ENERGY - Crude Oil, Furnace Oil, Natural Gas

NCDEX - It was placed on April 23-2003 and it is a Pvt. (Public Limited Company). NCDEX is keeping pace by FMC for Future Trading in Commodities. It is situated in Mumbai.

Commodities Traded in NCDEX are as follows:-

AGRI Based Commodities - Chana, Chili, Coffee, Cotton Seed, Crude Palm Oil, Groundnut, Groundnut Expeller Oil, Guar Gum, Guar Seeds, Staple cotton, Mentha Oil, Mulberry Raw Silk, Gur, Jeera, Kidney Beans, Masoor Grain Bold,Mulberry Green Cocoons etc.

BULLION - Gold 1 KG, Gold 100 GM, Silver 30KG, Silver 5 KG.

ENERGY - Brent Crude Oil, Furnace Oil, Light Sweet Crude Oil..

NON-FERROUS METALS - Aluminium Ingot, Copper Cathode, Nickel Ingot, Zinc Cathode.

FERROUS METALS - Mild Steel Ingot.

PLASTICS - Polypropylene, Linear Low Density Polyethylene, Polyvinyl Chloride

So just don’t worry, hurry to go online and start your Trading in Commodities with " Trafid Research "

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