trading in mcx gold

Hi friends.Can someone please help me to understand how to trade in mcx gold?
what is 1 lot of gold?how is gold bought and sold in the market and what things to keep in mind for a new beginer like me.
thankyou.

Google can help u more ... and check http://mcxindia.com . Happy Trading !!!

Please learn the basics before you commit real money, risk is very high here. Total capital can be wiped out in single adverse session. Gold at present is not in a smooth behavior pattern. Globally large traders are indecisive on Gold. Gold charts show them very clearly.

GOLD is the last thing you want to trade esp when you are new to commodities.

One of my friend lost out on GOLD big time - approx. Rs.150000/- thinking that GOLD had to correct. He went on averaging and eventually the dreaded phone call from risk mgmt team came....He is out of trading now.

if you feel you are good at GOLD TA, try out gold mini and then maybe shift to proper GOLD later.

Hi sandheep, have a look in to this spreadsheet - http://www.sharekhan.com/SSKICMT/Upload/Commodity_Upload/McxSpan.xls , plz reply if you have any queries.

In that the last column amount is required to buy 1 lot.

hi friend if u want to trade in mcx means contact this number. 9894109066:thumb:

thanks it was of much help.

thank you for your guidance.Can you please tell me about the most freequently used terms in trading for mcx gold.

thanks for your help. Can you please tell about the things to keep in mind while trading in gold?

thankyou you for your guidence.