The Multi Commodity Exchange (MCX), also called commodity trading, is among the highly valued options among traders. Post-COVID, there has been a good rise in commodity prices, especially after SEBI gave a node for its trading options. At present, the total worth of Indian commodity trading is around Rs 92.23 lakh crore, which is quite a good number.
However, to gain an excellent long-term investment return from MCX trading, you must gain some MCX tips. Using these tips, investors can diversify their portfolios and hedge against inflation. Since MCX trading is quite volatile, seeing the right MCX trading tips and implementing them will work in your favour.
Through this page, we tour you through some MCX recommendations to give you an opportunity to invest and gain good through trading.
MCX Trading in India – 19-02-2024 – 🢃 🢃
Here is a list detailing the trending commodities along with their corresponding market prices. These prices are reflective of the current market values of these commodities, which are closely observed by investors and traders for potential investment opportunities and market trends.
What is MCX?
The Multi Commodity Exchange of India, or MCX, is an Indian commodity exchange located in Mumbai. Being one of the biggest exchanges globally, it provides trading opportunities in many commodities such as gold, silver, cotton, crude oil, and palm oil. Since it holds around 84% market share, MCX is presently the best commodity exchange trading option in India. Among all the options, gold is a highly traded item in MCX, resulting in financial success.
MCX Trading Tips for Beginners
For beginners, getting into this new zone of MCX trading could be a challenging process. Since the trading market is volatile, it is essential to seek MCX trading recommendations from experts. Below are the top 5 commodity trading tips for beginners.
- Treating Leverage with Caution
Commodity trading has high leverage compared to stock trading. Leverage is the total margin a trader has to pay for the trading purpose. For instance, the margin usually is 15% in stock futures and 10% in index futures. On the other hand, the leverage in commodity trading can reach up to 16 times. Additionally, if you place a cover order with a stop loss, you can raise it even more.
- Understand and Benefit from Volatility Nature
No matter what type of trading you do, understanding the volatile nature is essential. One of the critical MCX trading tips is to be a friend with market volatility. The best is to stay updated with the overall commodity trading trend and seek the advantage of the same.
As a beginner, the best is to trade on low-risk commodities that are less volatile. Your broker’s suggestions on the commodities market will start to make more sense to you once you understand how prices move.
- Stock and Commodity Trading are Different
Another major MCX trading tip is to keep in mind that both MCX and stock are two different areas of trading. Many get confused between the two and end up making wrong trading decisions.
- Seeking Professional Advice
Always go for the best stock advisory service, where you will receive tips and advice for a suitable investment. Approaching an experienced analyst can help you to make the right decision and gain a good return.
- Stay Updated
Like stock trading, commodity trading also keeps changing. Therefore, you need to stay up-to-date with new happenings in the commodity trading market.
What are the Benefits of MCX Trading?
MCX trading, when done correctly, will offer enough benefits to traders. Some of these are-
- Best Trading during Inflation
The cost of raw materials or products rises in response to an increase in demand for goods and services. Moreover, interest rates rise in such an inflationary climate, raising the cost of borrowing and, as a result, lowering the company’s net profitability. A drop in the business’s revenue has an impact on the profits distributed to shareholders as well.
On the other hand, as demand increases, the costs of the commodities needed to manufacture finished items rise significantly, which eventually drives up the cost of the finished goods. In such a situation, MCX trading can benefit a lot.
- Hedge During Geopolitical Issues
Geopolitical events like wars, riots, and conflicts throw off the supply chain market, making it harder to get raw materials and get them to the factories where they are made into completed items. This results in a shortage of resources. During these occasions, the market is pessimistic, which causes the stock values to drop sharply. Therefore, purchasing commodities can aid in reducing portfolio losses.
- Diversification
Another significant benefit of commodity trading is that you can diversify your investments and lower the risk of financial loss. Commodities typically move in the opposite direction of equities or bonds. For instance, investors might become fearful and move their money out of equities and bonds and into secure commodities like gold or silver if two nations unexpectedly start a war.
Process to Invest in MCX
When you seek MCX trading advisory from market experts, you also get insight about how to invest in MCX. As a leading stock advisory platform, we bring you some insights about different ways to invest in MCX –
- Using ETFS for Investment
ETF offers adequate exposure to commodity prices and brings down the overall risk. With ETFs, traders can earn some benefits due to price fluctuation, having no direct investment required in the commodity. In other words, the MCX trading with ETF is an indirect investment using futures contracts.
- Investing in Mutual Funds
One of the effective MCX trading advisories for ways to invest in commodities is through mutual funds. These are the best hedges against the volatile nature of MCX and offer complete security against the loss. One of the critical MCX trading tips is to invest in mutual funds, which are managed by fund managers and provide long-term investment returns.
- Using Options
SEBI recommends commodity trading using options trading. Moreover, there are no obligations on buying and selling commodities at the decided rate. This pre-decided rate of commodities in which traders trade is called as the “strike price”.
Commodities Trading Tips – Metal, Oil & Gas
We now take you through the different commodities tips and advisory charges for easy trading.
- Gold MCX Tips
Using these online MCX gold recommendations and tips will help you trade smoothly. The overall charge for the gold MCX trading tips and recommendations is around Rs 2999/pm. The Best Stock Advisory covers all aspects of gold MCX trading.
Gold Rate Forecast for Next 15 Days – 🢃 🢃
| Date | Weekday | Min | Max | Rate |
|---|---|---|---|---|
| 19.02-2024 | Monday | 56746 | 62720 | 59733 |
| 20.02-2024 | Tuesday | 57031 | 63035 | 60033 |
| 21.02-2024 | Wednesday | 56969 | 62965 | 59967 |
| 22.02-2024 | Thursday | 56265 | 62187 | 59226 |
| 23.02-2024 | Friday | 56123 | 62031 | 59077 |
| 26.02-2024 | Monday | 55834 | 61712 | 58773 |
| 27.02-2024 | Tuesday | 55807 | 61681 | 58744 |
| 28.02-2024 | Wednesday | 55701 | 61565 | 58633 |
| 29.02-2024 | Thursday | 56016 | 61912 | 58964 |
| 01.03-2024 | Friday | 55621 | 61475 | 58548 |
| 04.03-2024 | Monday | 55247 | 61063 | 58155 |
| 05.03-2024 | Tuesday | 55552 | 61400 | 58476 |
| 06.03-2024 | Wednesday | 55604 | 61458 | 58531 |
| 07.03-2024 | Thursday | 56198 | 62114 | 59156 |
| 08.03-2024 | Friday | 56608 | 62566 | 59587 |
- Silver MCX Tips
If you are keen to receive daily or monthly silver MCX tips for trading, you can register with the platform. The overall charge for the silver MCX tips is around Rs 1000/- pm.
Silver Rate Forecast for Next 15 Days – 🢃 🢃
| Date | Weekday | Min | Max | Rate |
|---|---|---|---|---|
| 19.02-2024 | Monday | 669 | 739 | 704 |
| 20.02-2024 | Tuesday | 685 | 757 | 721 |
| 21.02-2024 | Wednesday | 693 | 765 | 729 |
| 22.02-2024 | Thursday | 675 | 747 | 711 |
| 23.02-2024 | Friday | 678 | 750 | 714 |
| 26.02-2024 | Monday | 678 | 750 | 714 |
| 27.02-2024 | Tuesday | 690 | 762 | 726 |
| 28.02-2024 | Wednesday | 682 | 754 | 718 |
| 29.02-2024 | Thursday | 684 | 756 | 720 |
| 01.03-2024 | Friday | 674 | 744 | 709 |
| 04.03-2024 | Monday | 659 | 729 | 694 |
| 05.03-2024 | Tuesday | 665 | 735 | 700 |
| 06.03-2024 | Wednesday | 658 | 728 | 693 |
| 07.03-2024 | Thursday | 657 | 727 | 692 |
| 08.03-2024 | Friday | 670 | 740 | 705 |
- Copper MCX Tips
The copper MCX tips from trading experts will help you make informed decisions before placing your trades. The monthly charge for the copper MCX tips is around Rs 10,000/.
Copper Historical Data Last 15 days 🢃 🢃
| Date | Price | Open | High | Low | Volume | Chg% |
|---|---|---|---|---|---|---|
| Feb 16, 2024 | 723.20 | 716.00 | 724.60 | 714.35 | 4.92K | 1.18% |
| Feb 15, 2024 | 714.75 | 707.00 | 715.40 | 706.00 | 2.90K | 1.25% |
| Feb 14, 2024 | 705.90 | 706.95 | 709.00 | 704.15 | 3.04K | -0.25% |
| Feb 13, 2024 | 707.65 | 709.95 | 713.60 | 707.25 | 3.19K | -0.08% |
| Feb 12, 2024 | 708.20 | 702.20 | 708.60 | 699.50 | 3.24K | 0.63% |
| Feb 09, 2024 | 703.75 | 706.30 | 707.50 | 701.05 | 2.51K | -0.35% |
| Feb 08, 2024 | 706.25 | 713.20 | 713.65 | 703.90 | 4.10K | -0.70% |
| Feb 07, 2024 | 711.20 | 717.50 | 717.50 | 710.40 | 3.27K | -0.84% |
| Feb 06, 2024 | 717.25 | 716.70 | 718.65 | 715.65 | 4.01K | 0.18% |
| Feb 05, 2024 | 715.95 | 721.75 | 722.60 | 715.10 | 4.92K | -0.84% |
| Feb 02, 2024 | 722.05 | 726.00 | 726.00 | 720.85 | 4.62K | -0.65% |
| Feb 01, 2024 | 726.75 | 731.85 | 732.05 | 726.10 | 4.77K | -0.52% |
| Jan 31, 2024 | 730.55 | 729.35 | 731.55 | 729.35 | 0.01K | 0.08% |
| Jan 30, 2024 | 729.95 | 728.45 | 731.90 | 728.40 | 0.01K | 0.19% |
| Jan 29, 2024 | 728.55 | 725.90 | 728.60 | 724.00 | 0.03K | 0.25% |
- Aluminium MCX Tips
MCX aluminium trading is quite a perfect hedge against volatile stock trading. To be on the right track of trading aluminium as a commodity, you need to pay around Rs 500 monthly. You get complete MCX aluminium recommendations for smooth trading.
Aluminium Historical Data Last 15 days 🢃 🢃
| Date | Price | Open | High | Low | Volume | Chg% |
|---|---|---|---|---|---|---|
| Feb 16, 2024 | 162.75 | 158.75 | 169.30 | 158.10 | 83.55M | 3.50% |
| Feb 15, 2024 | 157.25 | 159.00 | 160.35 | 153.30 | 40.65M | 0.87% |
| Feb 14, 2024 | 155.90 | 146.00 | 159.90 | 144.30 | 99.79M | 9.83% |
| Feb 13, 2024 | 141.95 | 142.15 | 144.50 | 137.35 | 31.54M | -0.87% |
| Feb 12, 2024 | 143.20 | 158.00 | 160.85 | 141.75 | 48.64M | -9.08% |
| Feb 09, 2024 | 157.50 | 160.85 | 161.50 | 147.05 | 40.68M | -2.11% |
| Feb 08, 2024 | 160.90 | 162.55 | 164.40 | 157.60 | 20.02M | -0.16% |
| Feb 07, 2024 | 161.15 | 165.00 | 165.55 | 158.35 | 27.68M | -0.98% |
| Feb 06, 2024 | 162.75 | 156.70 | 163.80 | 154.15 | 46.56M | 4.49% |
| Feb 05, 2024 | 155.75 | 153.90 | 161.10 | 152.35 | 59.80M | 1.80% |
| Feb 02, 2024 | 153.00 | 148.50 | 157.00 | 146.65 | 54.46M | 4.05% |
| Feb 01, 2024 | 147.05 | 150.50 | 151.35 | 146.00 | 29.47M | -1.21% |
| Jan 31, 2024 | 148.85 | 146.90 | 150.00 | 146.25 | 31.01M | 2.23% |
| Jan 30, 2024 | 145.60 | 146.80 | 149.25 | 144.50 | 33.53M | 0.17% |
| Jan 29, 2024 | 145.35 | 144.90 | 148.40 | 141.50 | 53.16M | 3.01% |
- Natural Gas MCX Tips
Get natural gas MCX tips from trading experts. We ensure you get 95% accurate tips for natural gas trading so that you can make the right decision. The service charge for the natural gas MCX tips is around Rs 6900/- monthly.
Natural Gas Historical Data Last 15 days 🢃 🢃
| Date | Price | Open | High | Low | Volume | Chg% |
|---|---|---|---|---|---|---|
| Feb 16, 2024 | 133.30 | 133.70 | 136.60 | 131.90 | 79.41K | -0.22% |
| Feb 15, 2024 | 133.60 | 136.00 | 139.80 | 131.60 | 85.29K | -1.11% |
| Feb 14, 2024 | 135.10 | 140.50 | 141.30 | 133.70 | 95.77K | -3.29% |
| Feb 13, 2024 | 139.70 | 150.30 | 150.30 | 138.90 | 78.92K | -7.48% |
| Feb 12, 2024 | 151.00 | 153.00 | 155.80 | 150.00 | 64.86K | -1.82% |
| Feb 09, 2024 | 153.80 | 159.80 | 159.90 | 152.50 | 83.73K | -4.59% |
| Feb 08, 2024 | 161.20 | 165.50 | 166.70 | 160.50 | 67.40K | -2.60% |
| Feb 07, 2024 | 165.50 | 169.20 | 170.80 | 164.30 | 71.24K | -2.76% |
| Feb 06, 2024 | 170.20 | 172.80 | 175.70 | 168.60 | 68.61K | -1.73% |
| Feb 05, 2024 | 173.20 | 173.90 | 176.00 | 171.30 | 56.52K | -0.40% |
| Feb 02, 2024 | 173.90 | 172.80 | 175.30 | 169.50 | 73.34K | 1.52% |
| Feb 01, 2024 | 171.30 | 179.30 | 180.70 | 170.50 | 82.09K | -3.33% |
| Jan 31, 2024 | 177.20 | 174.70 | 180.30 | 171.00 | 90.93K | 1.90% |
| Jan 30, 2024 | 173.90 | 175.30 | 177.40 | 171.60 | 76.07K | -0.34% |
| Jan 29, 2024 | 174.50 | 181.50 | 181.50 | 173.10 | 70.56K | -18.87% |
- Crude MCX Tips
We offer complete crude MCX tips and near-to-accurate strategies so you can trade easily. The average price for the crude MCX tip is around Rs 12,000/.
Crude Oil Historical Data Last 15 days 🢃 🢃
| Date | Price | Open | High | Low | Volume | Chg% |
|---|---|---|---|---|---|---|
| Feb 16, 2024 | 6,538 | 6,482 | 6,583 | 6,415 | 3.12K | 0.85% |
| Feb 15, 2024 | 6,483 | 6,343 | 6,511 | 6,292 | 6.00K | 1.34% |
| Feb 14, 2024 | 6,397 | 6,473 | 6,543 | 6,382 | 24.51K | -1.43% |
| Feb 13, 2024 | 6,490 | 6,396 | 6,517 | 6,382 | 28.55K | 1.87% |
| Feb 12, 2024 | 6,371 | 6,344 | 6,394 | 6,276 | 19.33K | 0.16% |
| Feb 09, 2024 | 6,361 | 6,320 | 6,414 | 6,301 | 20.67K | 0.86% |
| Feb 08, 2024 | 6,307 | 6,144 | 6,318 | 6,112 | 32.98K | 2.87% |
| Feb 07, 2024 | 6,131 | 6,106 | 6,160 | 6,087 | 22.02K | 0.77% |
| Feb 06, 2024 | 6,084 | 6,063 | 6,136 | 6,025 | 22.74K | 0.05% |
| Feb 05, 2024 | 6,081 | 6,033 | 6,089 | 5,952 | 24.58K | 0.85% |
| Feb 02, 2024 | 6,030 | 6,200 | 6,200 | 5,979 | 35.51K | -2.84% |
| Feb 01, 2024 | 6,206 | 6,342 | 6,387 | 6,162 | 33.00K | -1.69% |
| Jan 31, 2024 | 6,313 | 6,434 | 6,462 | 6,290 | 23.66K | -2.55% |
| Jan 30, 2024 | 6,478 | 6,408 | 6,490 | 6,313 | 20.09K | 1.23% |
| Jan 29, 2024 | 6,399 | 6,448 | 6,529 | 6,369 | 21.06K | 0.28% |
MCX Trading Tips – Agriculture (Cotton)
35% of all textiles made worldwide are made of cotton, the natural fibre most used for garments. It is also a very adaptable agricultural product. In addition to fabric, cakes are made from ground cotton seeds to feed animals. Furthermore, cottonseed oil ranks as the world’s fifth-most important edible oil.
Overview of Cotton MCX Trading Tips
Cotton is the major fibre utilised in the creation of textiles. The cotton plant’s seeds are surrounded by a ball of growing cotton. The cotton plant is native to Asia, Africa, and the Americas’ (sub)tropical zones. China, India, and the United States are the three countries that produce the most cotton, while China produces much of its cotton for domestic consumption and the United States is the largest exporter.
- To purchase cotton futures and trade, you must first open a commodity trading account with a licenced brokerage company.
- After that, you can start trading the cotton futures that are available on the Indian commodity exchanges.
- The price of cotton futures fluctuates when supply and demand are out of balance.
- Understanding the seasonal tendency of various agricultural commodities as well as the impact of news on them is essential if you want to trade them.
Conclusion
Now that you are aware of MCX trading, you can choose the best commodity that can offer you a better investment return in the long run. If you are keen to start trading in commodities, do connect with us for regular advisory and tips. We are the best stock advisory platform, helping traders and investors to trade smoothly.
FAQs
1) What will MCX and commodity recommendations do?
Ans: MCX doesn’t offer recommendations but facilitates online trading on different commodities. It is a platform where commodity traders can find prices and risk management.
2) Who is the best commodity or MCX recommendation provider?
Ans: Best Stock Advisory is the leading commodity recommendation provider. We have an 85% accuracy rate, and you get tips from seasoned professionals who conduct insightful research about MCX trading.
3) Is commodity trading risky?
Ans: Although commodity trading does offer profits, it is also volatile in nature, like stock trading. You need to be well-informed about the different risks involved in commodity trading.
4) Is commodity trading better than stock trading?
Ans: Commodity trading is best for short-term investments, whereas stock trading is for long-term. Both carry equal risks and benefits. However, if you are looking for short-term trading, commodity investment is the best.
5) What is MCX trading?
Ans: Multiple Commodity Exchange of India Limited (MCX) is the second-best option to trade. It is the first commodity derivatives exchange in India that permits trading in commodities derivatives online. Similar to the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), MCX offers commodity derivative transactions across a range of sectors, including energy, metals, and farm commodities.
6) What is MCX gold?
Ans: The Multi Commodity Exchange allows you to trade in different commodity options, including gold. You can trade in gold as per your abilities.
7) Should I invest in MCX?
Ans: The MCX platform is safe to trade and follows strict SEBI guidelines. Moreover, with the right MCX trading tips from a professional advisory firm, you can be confident to invest.