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Old 31-05-2013, 01:15 AM
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Default I want to start currency and commodity trading

I have traded mostly stocks with some success lately. In the past(about 2 - 3 years ago), I have traded stock/index futures and options and lost money.

Now, I wish to trade in commodities(esp. oil, bullion). I request you to answer a few questions for my sake.
  1. I wish to currency trade in a legal manner, because I have heard that margin trading accounts maintained with online brokers are illegal. Is that true?
  2. I wish to have flexible trading hours, unlike 9 AM to 3:30 PM in our stock markets. What are the timings for trading commodity and currency on Indian exchanges lke MCX, NSE or any other legal entity.
  3. How much margin money is required to start up
  4. Is there the concept of "delivery"?
  5. Which website is recommended for live or historical charts?
  6. Which broker is recommended?
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Old 31-05-2013, 11:55 AM
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When you are successful making money at stocks why do not you continue with that ?
Since you were not successful in Futures - I wish to remind you that commodities too are Futures contracts and they charge less margins which in turn high leverage - means profits as well as losses are very high compared to Stock and Index futures.
But one advantage in commodities is that they are not affected by mismanagement or issues related to companies.
Wishing you best of luck !
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Old 01-06-2013, 01:55 AM
TrendCatcher123 TrendCatcher123 is offline
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mere pyare bunny brother!

pls find my comments in BLUE

Originally Posted by bunny View Post
I have traded mostly stocks with some success lately. In the past(about 2 - 3 years ago), I have traded stock/index futures and options and lost money.
liquidity factor in options and theta if nt managed properly in options trading, will only dent ur trading a/c. as far as the futures trading is concerned its UR SKILL TO MANAGE RISK which will decide between a winner and a loser! in crude language its UR CAPACITY/DEEP POCKETS if i hv d capacity to buy 1000 dlf shares, why wud i take a delivery. i wud rather go for futures and manage risk. btw i hv stopped taking delivery since last 3-4 years and i trade stocks the FnO way


Now, I wish to trade in commodities(esp. oil, bullion). I request you to answer a few questions for my sake.
contrary to wt ppl say - i believe trading commodities and currencies is easier than indian stocks. only issue is u need 2 hv a fundamental backgrd of the underlying before applying TA on it. then it will be a smooooooooooooooooth ride wid loads of

if ur new to commodities then, start only wid base metals (alum, lead, zinc, nickel, copper), then energies (crude oil & nat gas) followed by precious metals (gold & silver). gold intra movements intially will confuse u and crude oil is nt for faint hearted (most unpredictable commodity i have ever traded. but best for scalping)
  1. I wish to currency trade in a legal manner, because I have heard that margin trading accounts maintained with online brokers are illegal. Is that true?
    if u talk abt trading in INR based pairs, its totally legal. u cn ask ur broker to open an a/c for U. though its illegal, other than INR based pairs u cn trade any forex pair wid international brokers. but then its like ur innocent until caught. still there are mny ways 2 do it widout prob. i wud advise u nt 2 get into it
  2. I wish to have flexible trading hours, unlike 9 AM to 3:30 PM in our stock markets. What are the timings for trading commodity and currency on Indian exchanges lke MCX, NSE or any other legal entity.
    currency trading - 9am to 5pm
    commodity trading - 10am to 11:30pm
  3. How much margin money is required to start up
    this is very subjective for the kind of returns u expect. still minimum mini-contracts in various commodities require only 6-7k as margin whereas INR based pairs require arnd 1.5-2k as margin!
  4. Is there the concept of "delivery"?
    no delivery as all contracts are cash settled. but confirm frm ur broker for gold & silver as it becums a compulsory delivery contract if nt settled by expiry. pls confirm. i am nt sure hw the process is
  5. Which website is recommended for live or historical charts?
    i dunno abt tht as i use amibroker.
  6. Which broker is recommended?
    go wid zerodha for low cost & no frills a/c. otherwise angel or sharekhan are also better.

hope this mite hv helped u to certain extent!

welcome 2d world of CURRENCY & COMMODITY TRADING

Last edited by TrendCatcher123; 01-06-2013 at 02:18 AM.
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Old 03-06-2013, 10:36 PM
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Thanks you bestnifty and trendcather. How about charting though, anyone could tell?
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Old 03-06-2013, 11:00 PM
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web based charts ?
if yes then
1.esignal live charts
2.nest pulse
3.many indian cos - forgot their names
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Old 03-06-2016, 12:32 AM
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Can anyone point to some threads on this site for commodity fundamental analysis?

Stuff like seasonality, cost of carry analysis, rollover arbitrage, physical delivery pressure, commitment by OI, mandi supply, macro econ correlations etc.

Search results didnt help.
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Old 03-06-2016, 01:12 PM
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Originally Posted by Trademaniac View Post
Can anyone point to some threads on this site for commodity fundamental analysis?

Stuff like seasonality, cost of carry analysis, rollover arbitrage, physical delivery pressure, commitment by OI, mandi supply, macro econ correlations etc.

Search results didnt help.

AFAIK, there are not many threads here on commodities. Fundamentals or otherwise. Let me search in evening and see if I can find any.

-- no1lives4ever
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Old 29-06-2016, 06:25 PM
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1.The truth is that all the currencies paired with indian currency are legal to trade in india like inrusd etc but the foreign currency pair trading are actually illegal.
2.Commodities(on MCX)-10.00am to 11.30pm and Equity(NSE and BSE)-9.15am to 3.30pm ; currency(NSE)-9.00am to 5.00pm.
3.Its according to the segment you want to trade and for trading cash delivery one need to have full money and for cash intraday you can get leverage and for future you must maintain margin amount which can be seen in margin calculators in aliceblue website and for option you must have full money and the amount is according to the trade you are taking.
4. For Commodity, Physical Delivery will be involved.
For Equity - T+2 days - Delivery settlement
5.You can get historic and live charts on nse website and also in nest plus software and aliceblue is providing metatrader for rs.500 which consists of charts of all nse cash,future ,mcx and ncdex.
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