MCX or NYMEX

Hi Everybody,

I was hoping somebody could shed some light. I'm currently trading in NYMEX and I've been hearing a lot about MCX and NYMEX trading.

1) Some say trading NYMEX is risky since the Brokers are all against us and mostly based in Cyprus and Russia

2) Some say trading MCX is even more risky since the price also depends on USD/INR value and that MCX is fully manipulated by the big guns like Jignesh Shah

So what's the average guy who is going to be back in India supposed to do ???

Jaxon, Nice initiative....

According to me , Nymex is best. because 24 hours market is the biggest advantage and we can avoid gap up and gap down opening in nymex.

But there is no reliable brokers and indians are not allowed to trade in nymex as per RBI guidelines

So, If we do technical trading, MCX is enough to earn decent income every month.

My opinion is , Nymex Crude rate should be traded and displayed in MCX. If it happens, we no need to worry about INR. But MCX displays indian crude price. So, we are worrying about INR rate nowadays


Regards
Vinoth