Live MCX Control guidelines to Commodities Futures Trading in India

1. Live MCX Control guidelines to Commodities Futures Trading in India MCX is an acronym that stands for Multi Commodity Exchange and it is an electronic method of trading online. It was incepted in 2003 as an ISO certified corporation. It engages in the trade of more than forty commodities, for example, Base metals, Agriculture, Bullion, Energy etc. The commodities are bought and sold at random and generate future contracts based on investors and traders needs thus aiding in price discovery. It is the world's first and largest Gold and Silver Exchange, the world's second natural gas market and the third international market for crude oil. It is also the third largest international commodity exchange that engages in future contracts. MCX opens at 10 am and closes at 11.55 pm daily and with every year, come 20th of March, the market remains closed after 11:30 pm. Therefore, for investors, the following live MCX commodity tips related to current events will be judicious. If one needs to trade in commodity futures there are three options available to go to, with one being the Multi-Commodity Exchange of India LTD. This corporation has an electronic trading and settlements systems with a national presence. There are many established brokers who have enlisted for membership with MCX and these brokers do offer commodity trade services that also include internet trade. To trade, the minimum requirements are an amount equivalent to Rs, 5,000 payable in advance to the exchange via brokers. These margins vary from 5 to 10 percent of the commodities value contract. Bullion trading ie gold and silver trading requires, at least, Rs 650 and Rs 950 for the current prices respectively. Agricultural commodities prices and trading lots do vary in terms of kilograms, quintals or tones and the minimum money required to commence trading is roughly Rs 5,000. Th deliveries can be done in cash or on the delivery of the commodity.

2. Other requirements at the broker level include entering into a normal account agreement together with the broker that include KYCs and personal details. The brokerage and transaction fees vary from 0.1% to 0.2% of the contract value with the transaction costs being between 6 and 10Rs. The changes depend on different commodities and the trading transactions plus the delivery methods. All the information relating to MCX commodities can be found on daily newspapers, specialized magazines as well as from the brokers. The easiest place, of course, is from the websites of which many are subscription based. MCX is regulated by the Forward markets commission and its major players are the hedgers, speculators and arbitragers apart from the brokers and the exchange administration. Therefore, one can trade in nearly all commodities that the government has made eligible in MCX. One important point to note is that you do not have to account for sales tax on trading, but only in cases of exchanges that require delivery where the seller collects and remits the sales tax which is applicable at the place of delivery. In case of a default, the MCX maintains a settlement guarantee funds with a penalty clause for a default by a member. There is also an arbitration panel for exchanges matters. MCX has circuit breakers and with filters are in that vary from one commodity to another with a maximum pre-fixation at 6%. Now you can easily get latest and working mcx commodity investment ideas online at http://iravedcommodity.com/ and enjoy easy and reliable commodity investment service.