Commodity Tips involves large risk and a lot of folks make losses in the MCX trading just simply because they are not able to get the appropriate and accurate advice on what to trade and how to trade. Most of the traders in Commodity Markets in India trade just for the sake of trading and end up producing massive losses. Commodity Tips will be in following Commodities Traded on MCX:- Gold, Silver, Crude oil, Copper, Nickel, Natural gas, Zinc, and Lead
Multi Commodity Exchange (MCX) is an independent commodity exchange based in India. It was established in 2003 and is based in Mumbai. The turnover of the exchange for the fiscal year 2009 was US$ 1.24 trillion, and in terms of contracts traded, it was in 2009 the world's sixth largest commodity exchange. () MCX offers futures trading in bullion, ferrous and non-ferrous metals, energy, and a number of agricultural commodities (mentha oil, cardamom, potatoes, palm oil and others).
MCX has also set up in joint venture the MCX Stock Exchange. Earlier spin-offs from the company include the National Spot Exchange, an electronic spot exchange for bullion and agricultural commodities, and National Bulk Handling Corporation (NBHC) India's largest collateral management company which provides bulk storage and handling of agricultural products.
It is regulated by the Forward Markets Commission.
1.MCX is India's No. 1 commodity exchange with 83% market share in 2009
2.The exchange's main competitor is National Commodity & Derivatives Exchange Ltd
3.Globally, MCX ranks no. 1 in silver, no. 2 in natural gas, no. 3 in crude oil and gold in futures trading
4.The highest traded item is gold.
5.MCX has several strategic alliances with leading exchanges across the globe
6.As of early 2010, the normal daily turnover of MCX was about US$ 6 to 8 billion
7.MCX now reaches out to about 800 cities and towns in India with the help of about 126,000 trading terminals
8.MCX COMDEX is India's first and only composite commodity futures price index.