NCDEX or MCX ?

Discussion in 'Commodities' started by getravi79, Dec 1, 2009.

  1. getravi79

    getravi79 New Member

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    I am new to Commodity market.In Commodity market what is difference between NCDEX and MCX ?.Where will u guys mostly trade either NCDEX or MCX?. I have some xp in equities.In equities am trading mostly in NSE only.If the script to be traded is not listed in NSE,then only I go with BSE.Is NCDEX similar to NSE and MCX similar to BSE interms of volume ?.

    Please clarify me.
     
  2. getravi79

    getravi79 New Member

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    Hi Guys,

    Is there anyone to help me ?.Please give answer for my query.
     
  3. niksos

    niksos Member

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    MCX AND NCDEX are two different exchanges.

    The volumes on MCX are good, if you want to get into commodity then mcx is fine. And the MCX is one of the fastest growing exchanges. Most of the guys i know trade on mcx(mostly in gold and silver).
    mcx has large volumes especially in gold and silver.
     
  4. anuragmunjal

    anuragmunjal Well-Known Member

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    hi..
    It depends upon which commodity u want 2 trade. If u want to trade metals or commodities that are traded worldwide, go for mcx. u will find more liquidity there. if u want to trade agri, go for ncdex. first decide which commodity u want 2 trade and then find out which exchange provides better liquidity in that particular commodity.
    the exchange charges in mcx these days are lesser than those of ncdex.

    hope this helps.

    regards

    Anurag
     
  5. getravi79

    getravi79 New Member

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    Hi Niksos and Anuragmunjal,

    Thanks a lot for your replies.
     
  6. mitraji

    mitraji Member

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    MCX and NCDEX are the two parts of commodity market.

    MCX includes base metals like gold, silver, copper and crude oil, natural gases etc. commodities.

    On the other hand NCDEX includes soyabean, turmeri, mustardseed etc.

    So are you interested to invest in the commodity market?
     

  7. drmartinjr3i@gmail.com

    drmartinjr3i@gmail.com New Member

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    How do I get access to trade on mcx if not an Indian citizen living in india? I live in us. I am a very profitable trder and would like to do much of my trading on mcx?
     
  8. taswsol

    taswsol Member

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    Hello Dr Mantriji,

    I have software which can download EOD data from MCX/NSE/BSE with volume/openinterest/indices data and export to AmiBroker/FCharts software directly . You can set schedular to update daily evening also.

    software is EOD2AmiBroker / EOD2FCharts
    Please visit following link for more details.
    http://sites.google.com/site/taswsol

    Thank you.

    EOD2AmiBroker/EOD2FCharts , MCX/NSE/BSE EOD data downloader & exporter
    http://sites.google.com/site/taswsol
     
  9. drmartinjr3i@gmail.com

    drmartinjr3i@gmail.com New Member

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    That is very helpful what about a broker a us citizen can trade mcx on?
     

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