LIVE MCX TIPS & Commodity Trading Strategy
MCX BULLION TIPS TREND RANGE LEVELS TODAY :-
MCX NCDEX Commodity Trading Strategy:-It is interesting sometimes to watch new stock traders trying to make a profit from trading without applying good trading strategy. Trying to trade the stock market without proper knowledge is one sure way to lose hard-earned money. This becomes more dangerous if the trader is trading in commodity market as this market is considered to be the most volatile market.
The fluctuation per day averages about 1 %. Multiplied by a leverage factor of 20, the trader can anticipate at least a 20% profit or loss per day.
But anyone who actively trades gold, diamonds, or antiques is probably a good candidate for commodities.There are numerous commodity trading strategies available:
1. Movements during the is full of emotions. If you are in loss, you have to adopt a very unemotional attitude toward the loss.
2. Have the confident sentiment in the market. The average trader must increase the time horizon for holding a contract before getting the chance to make a profit.
3. Should not try to doubling up after a gain or loss. When you do this just a small loss will wipe you out.
4. Looking for bargains is a mistake in the commodities market. When prices drop, don't buy. It is better to short when things start to look cheap.