New to Commodities Trading

love

New member
#1
I have got a demat for comm trade opened with Edelweiss for Rs.11,500. I have no clue of what to do now. My motto is to make some money from 11,500 and then use it for myself. Please suggest.
 

man4urheart

Well-known member
#2
I can bet you will lose all of it by end of next year! my strong recommendation to stay away from commodities as you don't even have yet played Nifty futures!
 

love

New member
#3
I think you are right. However, I am not here to lose. I think I should start from the basics. So, I was searching for some mock comm trading site but I didn't get one. What should I do?
 
#4
I think you are right. However, I am not here to lose. I think I should start from the basics. So, I was searching for some mock comm trading site but I didn't get one. What should I do?
If you have taken an advanced brokerage package from Edelweiss, you will receive regular trading calls from them on stocks/futures/currencies.

Now honestly speaking, Edelweiss have roughly 50% success rate in their calls, however what I like is they define strict stop losses and always adher to that.

So I suggest you start paper trading on these calls for a month (on the commodities side). Just observe the prices in MCX / Moneycontrol and monitor your profit /loss in an excel ( you don't need any additional site).

If after one month you feel comfortable, start trading.

In the meantime, what you lose is savings ac interest on the money deposited with Edelweiss. That is far better than losing money in wrong trades.
 
#6
If you are new to commodity trading then I will suggest you to read basics of trading. Find factors that reflect movement in trading. Start trading in small lots so that you can learn profit/loss from every trade. Get in touch with trading experts to get complete knowledge about trading.
 
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