Commodities do have Index, but they are not meant for trading.
So first you must have a fair idea of the major groups traded on MCX.
Base Metals: Lead, Zinc, Aluminum, Copper, Nickel.
Energy: Crude Oil, Natural Gas.
Bullion: Gold, Silver.
My criteria to trade is liquidity and swings/trend. So my personal favorites are Gold, crude and n.g and lead. Good thing to be on MCX is that you can actually connect fundamentals more comfortably and with ease in comparison to stocks. Technicals work great here(liquidity being the major factor), and trend in commodities are cyclical so its a best place to make money if you have experience and money to exploit that cycle.
So first you must have a fair idea of the major groups traded on MCX.
Base Metals: Lead, Zinc, Aluminum, Copper, Nickel.
Energy: Crude Oil, Natural Gas.
Bullion: Gold, Silver.
My criteria to trade is liquidity and swings/trend. So my personal favorites are Gold, crude and n.g and lead. Good thing to be on MCX is that you can actually connect fundamentals more comfortably and with ease in comparison to stocks. Technicals work great here(liquidity being the major factor), and trend in commodities are cyclical so its a best place to make money if you have experience and money to exploit that cycle.
2.Please tell me where can I have long term charts of commodities and currency...
Thank you for all your answers.
Now can I start to bug you about the currency segment?