MCX Free Tips

MCX Free Tips

MCX Free Tips.

A commodity means a product & it includes all kinds of goods.

Forward Contract Regulation Act (FCRA) governs the principle of commodities trading.

It defines “goods” as “every kind of movable property other than actionable claims, money, and securities”.

These commodities are traded in the future market.

It ranges from agricultural products to spices, from metals to precious metals and much more.

MCX Free Tips
MCX Free Tips.

The list of commodities being traded varies from exchange to exchange.

But Striker Stock Research being a leading registered firm of MCX, NCDEX, NMCE, ICEX gives you an option to trade in almost any of the commodities futures which are permitted in India.

MCX Free Tips

In the last decade, Indian markets have thrown open a new avenue for retail investors and traders, and that is Commodity Derivatives.

For those who want to diversify their portfolios beyond shares, mutual funds, bonds, and real estate, commodities are the best option today.

There are commodity exchanges like stock exchanges where various commodities are traded as derivatives/ future products.

A platform that allows you to buy or sell commodities in order to make profits is known as a commodity market.

Striker Stock Research provide MCX trading tips for both the segments, MCX and NCDEX.

MCX Free Tips
MCX Free Tips.

By investing in MCX markets, you can earn huge profits.

The act of buying and selling the non- agriculture commodities such as silver, gold, crude oil etc on the same before the market close is called Intraday MCX trading.

The commodities are bought and sold at the Multi Commodity Exchange.

At these exchange platforms, you can now trade in commodity futures without buying the physical stocks of the commodity.

Compared to stocks, Commodities are easy to understand because the fundamentals of demand and supply can be easily understood.

MCX Free Tips

Before we get started, let me first say that this topic of stop loss and profit target placement is really a pretty broad topic that I could write quite a lot on.

Whilst today’s lesson doesn’t cover every detail of stop loss and target placement.

It will give you a good general overview of the most important things that go through my mind as I decide where to place my stop loss and my profit target on any one trade.

Just like stocks or shares are traded on the stock exchange, similarly, Commodity Exchange is the place where the trades of commodity futures contracts are done.

MCX Free Tips
MCX Free Tips.

Typically a commodity exchange is an association, or a company or any other corporate body which is managing & supervising the futures trading in various commodities.

These exchanges further have brokers registered with them who facilitate the trading in commodities for clients.

For trading in the commodities market, a trading account is mandatory and you don’t require commodities Demat account unless and until you wish to get into delivery-based transactions.

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Intraday Trading

Commodity Trading in India

MCX Free Tips

If you wish to start trading in commodities, all you need to do is just give us a call or drop us a message.

Our executives will get in touch with you to complete the formalities required for you to open a commodities trading account.

You will require to give some KYC documents like PAN card, identity proof, address proof, bank proof, and photographs.

Further, you will have to fill & sign up the Account Opening Form and that’s it.

You will receive a welcome call, along with a welcome mail and letter from Striker Stock Research informing the details of your commodities trading account and instructions on how to use it.

MCX Free Tips
MCX Free Tips.

Striker Stock Research suggest you not to trade with hesitance, half-heartedly or in overconfidence.

If you are scared of the markets then you may incur small but repeated losses.

On the other hand, if you are overtly brave and foolhardy then also you may experience losses.

Subscribe our services to get intraday MCX commodity tips on time.

What’s more; our executives will be there to give you a product demonstration and will help you just in case if you wish to buy or sell over the phone.

MCX Free Tips

With this account, you will be able to trade at MCX, NCDEX & NMCE, and in the product you wish.

The physical commodities markets, generally referred to as Mandis, deal in either cash or spot contract for ready delivery and payment.

The physical markets are essentially party-to-party contracts and are fulfilled by the seller giving delivery of goods of a specified variety of a commodity as agreed to between the parties.

Rarely are these contracts for the actual or physical delivery allowed to be settled otherwise than by issuing or giving deliveries of the commodities.

MCX Free Tips
MCX Free Tips.

Unlike the physical markets, commodities futures markets trade in futures contracts which are primarily used for risk management (hedging) on commodity stocks or forward (physical market) purchases and sales.

Commodity Futures contracts are mostly settled before their expiry and, therefore, very rarely end in deliveries.

Speculators or even retail clients also use these futures contracts to benefit from changes in prices.

They are hardly interested in either taking or receiving deliveries of goods as they are not concerned with the commodity.

There are cases when buyers or sellers intend for making a delivery based transaction on commodity exchange platform.

MCX Free Tips

Further, such transactions require an in-depth understanding of the trading mechanism.

Striker Stock Research, being a leading commodities brokerage house facilitates all sorts of trading and delivery transactions as permitted within the regulatory framework.

A Commodity Trading Account to trade at Indian commodity exchanges can be opened with Striker Stock Research by any Resident Individual, HUF, Trust, and Corporate.

The account owner has to be 18+ years of age and necessarily have a PAN Card.

NRIs are not permitted to trade in commodities markets in India at present.

MCX Free Tips
MCX Free Tips.

However, the government has the onus and right to decide the list of commodities which can be traded.

But exchanges individually can select the commodities which they wish to enable on their own platform.

Hence the commodities available for trading vary from exchange to exchange.

The NCDEX has a large number of agriculture commodities followed by metal and energy products as well.

MCX, the leader among the commodities exchanges, covers metals, precious metals, energy, agriculture products for futures trading.

For all the commodities which are available for trading, futures contracts of various months expiry are live at different prices to opt for.

MCX Free Tips

One important thing to note is that in Equity Derivatives there are 2 products- Futures & Options.

Whereas, in Commodities, Derivatives on a Futures contract are permitted for trading at present.

The one that fits you best for your circumstances and personality.

We get this question often because we are the site that everyone goes to for trading strategies.

I wish I could give a straight answer to this question.

However, I think you know as well as I do that this is a complicated question so to find the solution entirely we are going to have to give you a complete, in-depth answer.

MCX Free Tips
MCX Free Tips.

The reason we have to go in depth is that there are many markets and many people trading these markets each market is different, and each person is different.

Another completely different question apart from the strategy is how much money can you make?

We answer that fully by talking about money in the forex income post.

The answer is the one that fits your style and circumstances, and we are going to do that by asking and answering many questions.

MCX Free Tips

By the time we are done with this, you will know what you need to know about what strategy is best for you.

I could easily say that the best strategy is a price action strategy, and that may be true for me.

But it would not be right for you because you might not be able to trade as many hours or at the same times as me.

That is why to find the best trading strategy it must be customized for each person.

Today by the end of this article you will know the best trading strategy for you.

MCX Free Tips
MCX Free Tips.

Whether you need to develop a Stock Trading Strategies PDF that you can look at any time, you need it.

Or a complete list of day trading strategies that work we will help you know precisely, what you need to trade well.

there are basically two logic-based methods for exiting a trade:

1) Let the market hit your predetermined stop loss which you placed as you entered the trade.

2) Exit manually because the price action has formed a signal against your position.

MCX Free Tips

Exits that are emotion-based:

1) Margin call because you didn’t use a stop and the market moved so far against your position that your broker automatically closed your trade.

2) Manually closing a trade because you ‘think’ the market is going to hit your stop loss.

You feel emotional because the market is moving against your position.

But, there is no price action based reason to manually exit.

MCX Free Tips
MCX Free Tips.

The purpose of a stop loss is to help you stay in a trade until the trade setup and original near-term directional bias are no longer valid.

The goal of a professional trader when placing their stop loss is to place their stop at a level.

This level gives the trade room to move in their favor or room to ‘breathe’, but not unnecessarily so.

Basically, when you are determining the best place to put your stop loss you want to think about the closest logical level that the market would have to hit to prove your trade signal wrong.

So, we don’t want to put our stop loss unnecessarily far away, but we don’t want it too close to our entry point either.

MCX Free Tips

We want to give the market room to breathe but also keep our stop close enough so that we get taken out of the trade as soon as possible if the market doesn’t agree with our analysis.

So, you can see there is a ‘fine line’ that we need to walk when determining stop placement.

Indeed I consider stopping placement one of the most important aspects of placing a trade.

Further, I give each stop loss placement a lot of time and thought before I pull the trigger.

Counter-trend price action trade setup stops placement:

MCX Free Tips
MCX Free Tips.

For a counter-trend trade setup, we want to place our stop just beyond the high or low made by the setup that signals a potential trend change.

Look at the image below, we can see a downtrend was in place when we got a large bullish pin bar reversal signal.

MCX Free Tips.

Naturally, we would want to place our stop loss just below the tail of that pin bar to make the market show us that we were wrong about a bottom being in place.

MCX Free Tips

This is the safest and most logical stop placement for this type of ‘bottom picking’ price action trade setup.

For an uptrend reversal, the stop would be placed just beyond the high of the counter-trend signal. MCX Free Tips.

Placing profit targets and exiting trades is perhaps the most technically and emotionally difficult aspect of trading.

The trick is to exit a trade when you’re up a respectable profit, rather than waiting for the market to come crashing back against you and exiting out of fear.

MCX Free Tips.

MCX Free Tips
MCX Free Tips.

The difficulty of this is that its human nature to not want to exit a trade when it’s up a nice profit and moving in your favor.

Because it ‘feels’ like the trade will continue on in your favor and so you don’t’ want to exit at that point.

MCX Free Tips.

The irony is that not exiting when the trade is significantly in your favor typically means you will make an emotional exit as the trade comes crashing back against your position.

MCX Free Tips

So, what you need to learn is that you have to take respectable profits of 1:2 risk: reward or greater when they are available.

Unless you have pre-determined before entering that you will try to let the trade run further.

MCX Free Tips.

The primary explanation to target this subject is on the basis of the reality of the great bulk of e-mails.

The number one problem out there is generally one of the following:

Getting ‘stuck (stayed)’ with a position.

MCX Free Tips.

A position huge quantities and devastating losses.

A single stock position that is way too big.

The main problem is always the same exact above.

At some point in time, things changed and control shifted.

MCX Free Tips.

MCX Free Tips
MCX Free Tips.

You started off being in control and then, The stock you bought is begun to control you. MCX Free Tips.

The position then went on to harmful your financial capital. And finally harmful for your emotional thinking and your capital.

Again, the beginning trigger is always ‘Control’.

To be more accurate: The loss of control. MCX Free Tips.

In this article is exactly what you need to do in order to escape “losing control”.

No game plan if you think the stock goes to the downside.

MCX Free Tips

Fixed:

Apply stop losses. Create a habit of getting into your stop loss as soon as opening a new position.

Rationalize(thinking) losses and making excuses. MCX Free Tips.

Fixed:

Your stop loss will handle of any rationalizing. MCX Free Tips.

Trusting in a company, management, your stock advisory,  fundamentals etc.

Fixed:

Your stop loss will protect you from RED-events, issues you do not recognize or might not predict and more. MCX Free Tips.

Observe what the different solutions have in usual? You got it.

A stop loss. It’s not affected by emotions and systematization.

And secure you to a position if a stock achieves a predefined price.

MCX Free Tips.

MCX Free Tips
MCX Free Tips.

In making a long story in short words:

You need to manage anything you may in order to recover control and then keep in control.

If your position is in control of you, do anything it takes in order to return to control. Sell???

MCX Free Tips.

Absolutely Yes, that is correct what I replied: SELL Or EXIT.

Go to cash. Totally free your mind and stop rationalizing a losing position.

Take a break. Re-group. Restore your mental capital and emotions.

MCX Free Tips

Next come back and stay in a controlled way of trading. Use stop losses and stay in control. MCX Free Tips.

You should also have a good idea of where the market is trading.

Often times, traders will place orders that are already “through their price”, this either results in the equivalent of a market order and it executes immediately or simply the exchange rejects it.

MCX Free Tips.

MCX Free Tips
MCX Free Tips.

It is also important to realize that if you are placing orders during times in which the market is close you are at risk of getting the gapping prices on the re-open of trade.

Mis-communication causes confusion and can create costly errors for you and your broker.

MCX Free Tips.

While your broker will be able to clarify your intentions and coach you along the way, it is a good idea to be aware of the proper procedures in an attempt to avoid negative consequences for both parties involved.

Here are the most common order types. MCX Free Tips.

If you are serious about being a trader, you should be just as serious about fully understanding each of the trading tools available to you.

MCX Free Tips

Order Types

Sometimes it is the small details that make the big difference in performance.

Familiarity with order types and how to properly place each of them is critical to being a successful trader. MCX Free Tips.

Market prices and dynamics are ever-changing, making every second count.

Regardless of whether you are trading online or through a broker, knowing the type of order you need to place and placing it accurately is vital.

Communication is the key. MCX Free Tips.

If you have questions about the different types of orders and how to place them verbally or online, call your broker for assistance.

Mistakes are costly!

MCX Free Tips.

MCX Free Tips
MCX Free Tips.

Limit Order

This order initiates the trade at a specific price “or better” if able.

Or better is the key here.

If buying a contract, better is equivalent to a lower price; if selling a contract, better is equivalent to a higher price.

MCX Free Tips.

For example, buying 1 August Soybean at $11.05 means that the client will only accept being long from $11.05 or less. MCX Free Tips.

Traders should realize that the market may hit the limit price and yet not fill the order if prices don’t trade through the limit price.

MCX Free Tips

It is common in the business that it “has to go through it to do it”.

Simply put, if you have an order to sell the mini size Dow at 12,250 and that price is the high of the day, you will not get the order fill.

If the high of the day is 12,251 you will get a fill.

MCX Free Tips.

One Cancels the Other (OCO)

Also, you can refer to it as a contingency order because it requires that the broker cancel one of your orders and should fill the other.

MCX Free Tips.

MCX Free Tips
MCX Free Tips.

For example, a trader long December Corn may place a limit order above the market as a profit objective and a stop order beneath the market to limit the exposure to the risk of an adverse price movement.

If these are together as an OCO, execution of one of these orders would result in the cancellation of the other. MCX Free Tips.

Keep in mind that your broker is taking on a substantial amount of responsibility with this type of order and will likely only do so on a full-service basis.

MCX Free Tips

Market Order

This is the most common order simply because it is the most convenient.

A market order initiates the trade at the current market value or the best possible price at that particular time.

MCX Free Tips.

This means that you will be taking the bid if you are selling and taking the ask if you are buying.

Keep in mind that a market order guarantees that your order will get filled but it doesn’t guarantee that you will be happy with the price.

MCX Free Tips.

Stop Order (AKA Stop Loss)

This order becomes a market order only when it reaches the specific price level. MCX Free Tips.

MCX Free Tips
MCX Free Tips

This can mean that the market trades at the stop price or the bid/ask spread reached it.

Place a buy stop above the market and a sell stops below the market and is subject to the possibility of slippage on the fill.

In other words, your fill price may be different than the stop price that you had originally named.

MCX Free Tips.

This occurs because the stop becomes a market order, it is not an or better order.

Stop orders are for stopping the loss of a speculative position which is now in a bad position.

MCX Free Tips

For instance, if a trader is long December Corn from $5.00 they may place a sell stop order at $4.80 to liquidate the position should the market go against the original speculation by 20 cents. MCX Free Tips.

However,  you can also enter the market through this order.

If you think that a market may continue to rally once it breaks technical resistance you may place a buy stop order to enter the market with a long position if prices rally to your stated price.

MCX Free Tips.

Straight Cancel (Straight “Can”)

This completely eliminates a previously placed order buy may be subject to being “too late to cancel”.

MCX Free Tips.

This typically only occurs in an open outcry environment due to the time that it takes to report fills.

MCX Free Tips
MCX Free Tips.

For instance, just because a fill hasn’t been reported to you doesn’t ensure that you haven’t been filled. MCX Free Tips.

Perhaps the filling broker has executed the trade but the pit clerk hasn’t reported the fill electronically in your account, this is often referred to as a “keypunch”.

MCX Free Tips.

If this is the case, they will be unable to cancel your order simply because it has already been filled.

MCX Free Tips

Keep in mind that a market order cannot be canceled once it reaches the exchange floor.

In some markets, fills take several minutes for reporting. MCX Free Tips.

If you fail to report a fill for a market order you place in an open outcry contract several minutes following your instruction to execute, the delay likely isn’t in filling the order it is in reporting the fill.

MCX Free Tips.

Thus, you can’t cancel a market order even if there is no fill.

Commodity trading strategies are plans for buying and selling commodity futures and options to profit from movements in price.

MCX Free Tips.

MCX Free Tips
MCX Free Tips.

It is important to construct a strategic plan before you begin trading commodities and risk any capital.

We believe that you must be patient when your trade positions are moving in the right expected direction to extract maximum gains and ensure the gains by improvising the stop-loss level and time.

MCX Free Tips.

However, never be pessimistic here or else you may book gains pre-maturely & may later repent on exiting early.

The multi-commodity exchange is the best segment of commodity exchange.

MCX Free Tips

The MCX Free Tips functions under the regulatory frameworks of the Forward Contract Regulations Act.

Striker Stock Research offers the robust and synchronized intraday MCX Free Tips for their customers to lessen the risks of trading in commodities.

Striker Stock Research is the most reliable intraday MCX Free Tips provider that ensures its clients to make huge profits.

MCX Free Tips.

Our dedicated team offers MCX Free Tips for both MCX and NCDEX segments.

We not only lead the way in offering MCX Free Tips but also inform our clients about the latest update in big or small investment opportunities.

MCX Free Tips.

MCX Free Tips
MCX Free Tips.

Our team ensures to offer live MCX Free Tips through high-speed SMS gateway, instant messengers, and calls.

We offer customer support around a clock.

Watching the financial news and reading a commodity newsletter for the latest trading tips will not provide a trader with the necessary skills to succeed in the commodities markets.

Many commodity trading strategies in MCX Free Tips employ technical analysis when it comes to entering and exiting risk positions in the futures and futures options markets.

That said, technical analysis provides only a part of the picture in MCX Free Tips.

MCX Free Tips

Fundamental, supply and demand analysis is a critical compliment that will help a trader avoid unexpected changes that tend to occur when it comes to the evolution of output and consumption in raw material markets.

MCX Free Tips.

A strategy centered on trading breakouts in the world of commodities means that a trader will look to buy a commodity as it makes new highs or look to sell a commodity as it makes new lows.

MCX Free Tips.

You can easily spot the new highs and lows on a chart, as they are the peaks and troughs of previous moves.

MCX Free Tips
MCX Free Tips.

Many professional traders use these techniques when they are managing large sums of money and looking for a major trend to develop.

MCX Free Tips.

Commodities are volatile instruments and it is not uncommon for them to double or half in price or more over relatively short time spans.

The philosophy for this strategy is simple: A market cannot continue its trend without making new highs or new lows.

MCX Free Tips.

This strategy works best when trends are strong and long-lasting. Best Digital Marketing Course in Indore.

MCX Free Tips

It does not matter whether a trend is up or down, as the trader is buying new highs and selling(shorting) at new lows.

MCX Free Tips.

One critical drawback of this strategy is that it performs poorly when markets are not able to establish strong trends and trade in ranges.

Fundamental Trading Strategy

MCX Free Tips.

While trading breakouts or ranges usually have specific rules as to when to buy and sell, fundamental trading depends on factors that will affect supply and demand for the commodity in question.

MCX Free Tips.

MCX Free Tips
MCX Free Tips.

As an example, a trader might buy soybeans because the weather is dry during the summertime leading to expectations for a smaller crop.

On the other hand, one might expect demand to increase for crude oil from China, leading to a long position in oil futures.

MCX Free Tips.

 Traders and investors that are new to the markets tend to have difficulty with fundamental trading as it involves a tremendous amount of homework and number crunching.

MCX Free Tips

Moreover, fundamental positions usually need more time and patience.

Also, it requires more risk because developments can take a long time to unfold.

MCX Free Tips.

We anticipate and understand our client’s emerging needs.

Further,  we actively recommend MCX Free Tips to the clients in leveling up their investment profits.

MCX Free Tips.

MCX Free Tips
MCX Free Tips.

While we believe that we offer the best MCX Free Tips, our fixed pricing plans are more competitive.

We believe in complete transparency.

We’re able to offer competitive pricing for our MCX Free Tips.

As we exactly know what we’re doing and have great systems in place. That allows us to do our job efficiently.

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