How to Trade Commodities in India.

How to Trade Commodities in India.

 

Because India is a major agricultural producer, products are a great asset class in this country, as well as stocks and real estate. Commodities can be traded through brokers. Before markets approves products that can be traded in India. The products are widely traded agricultural products (wheat, potatoes) and metals (steel, copper, aluminum, lead and nickel). Crude oil, gold and silver are also available.

Difficulty: Moderate


instructions
Things you need

     PAN card
     A photo identification card
     bank account
     Goodwill
     computer

     Open a demo account with a brokerage firm that allows commercial products. A demo account is just like a real account, but the money is not true. Trading on a demo account can help you learn commercial products in trial and error without risking your money.
     Learn more about trade in goods. There are many books on the subject that you can read. Choose books by traders star products. There are also many daily and weekly publications that analyze the financial market commodity in India. The largest include The Economic Times, The Financial Express, Business Line and Business Standard.
     Open a live trading account with a brokerage firm trades commodities. To open an account you must show your card to the dealer and a PAN ID that includes a photograph (scanned documents will in most cases). In addition, you also need a bank account to deposit and withdraw money from your trading account. The minimum deposit that you need to start trading is about Rs 5000 for most brokers.
     Start trading. If you lose money, analyze your errors before committing more funds. Remember that commodity trading is inherently risky and prices can go down as well as up.