Dear sir
I would like to create a discussion about finding some alternatives for trading commodities on MCX. As in 2013 budget government have imposed 0.1% CTT which will affect volume, turnover as well as volatility. Before the budget we use to pay 450/- on one carore turnover as fix , now it would be more then 1500/-on one carore turnover. I do not think that government will reduce or change the same.
I have been trading silverm on mcx and use to get at least 600 points throughout the day. (In estimated 10 lot of silverm) . In the past brokerage used to be RS 50/- per lot but now it would be increased up to 125/- per batch. Still this can be managed but the problem of volume, turnover and volatility would be their as most of the trader would have no options but to shift to other segment. other segments have bigger margin and their trading time is also half than mcx.
on MCX With a trading margin of 15000 estimated a trader had a chance to get good return.
I would like to know about any other options like nifty futures, equity future or agro commodity etc which can be replaced with mcx trading. please guide.
Thanks in advance
esconindia
I would like to create a discussion about finding some alternatives for trading commodities on MCX. As in 2013 budget government have imposed 0.1% CTT which will affect volume, turnover as well as volatility. Before the budget we use to pay 450/- on one carore turnover as fix , now it would be more then 1500/-on one carore turnover. I do not think that government will reduce or change the same.
I have been trading silverm on mcx and use to get at least 600 points throughout the day. (In estimated 10 lot of silverm) . In the past brokerage used to be RS 50/- per lot but now it would be increased up to 125/- per batch. Still this can be managed but the problem of volume, turnover and volatility would be their as most of the trader would have no options but to shift to other segment. other segments have bigger margin and their trading time is also half than mcx.
on MCX With a trading margin of 15000 estimated a trader had a chance to get good return.
I would like to know about any other options like nifty futures, equity future or agro commodity etc which can be replaced with mcx trading. please guide.
Thanks in advance
esconindia