Can i earn daily 500 Rs in Copper?

[NTrader42]

Hi again

The above example and code I had copied from my previously posted msg (Link Here)on a very good thread on trading commodities, check out that thread you will learn useful stuff.

Now as promised today's long trade on copper, buy above the opening high, trade triggers on 10:45-11:00 Am bar using 15 Minutes candles, book as per your rules, today could have got your full target of rs 10, but every day is different, play it like a sport, enjoy it.

Best Wishes

Thanks

 

[rangarajan]

Ranga, I have no idea no ideas of commodity, but I am surprised that one can trade it for 10k. How much leverage is offered in commodities ?? can you list down the commodities and the money required for 1 lot each (and the mini lots etc.)

How much could one trade with 10k in hand ??

My frank answer would be that i would never trade with 10,000/ in future.
One should have atleast one lac or bear minimum 50,000/

Money management,piyush has explained very well above.

Well,i am not a day trade expert(for that matter no expert in any TF,but feel 10,000/ is too small for future trding & will be under pressure all the time & commit mistakes due to fear.

But copper is a pleasure to trade & somewhere here ,some one predicted a Tgt of 425/.Till now it is 418.65.

My comment is not to discourage half paise from trading.He may have his own compulsions & limitations.
Good luck to him.
Small drops make ocean.

 

[rangarajan]

he's mentioned rs.25 on buy side and rs.25 on sell side fixed. just like rs.9 per lot given by RK Global.

in that case, his idea works fine :thumb:

Brokerage ok.But what about levies.Even with RKGlobal,i think levies are extra.

 

[timepass]

Ranga, Thanks. I did mention that I was surprised about 10K capital for commodities. So, please tell me how much money one needs for 1 lot of different commodities and the lot sizes. Just 2-3 will do to give me an idea.

My frank answer would be that i would never trade with 10,000/ in future.
One should have atleast one lac or bear minimum 50,000/

Money management,piyush has explained very well above.

Well,i am not a day trade expert(for that matter no expert in any TF,but feel 10,000/ is too small for future trding & will be under pressure all the time & commit mistakes due to fear.

But copper is a pleasure to trade & somewhere here ,some one predicted a Tgt of 425/.Till now it is 418.65.

My comment is not to discourage half paise from trading.He may have his own compulsions & limitations.
Good luck to him.
Small drops make ocean.

 

[timepass]

@Ntrader42, I don't see MCX copper in my MT4. I am using GCI MT4.

 

[NTrader42]

@Ntrader42, I don't see MCX copper in my MT4. I am using GCI MT4.

try BFD Trader, can use it as long as it works, else can shift back to ami

For some its still working, where as few others are reporting that it has stopped working.


Thanks

EDIT: for margin report go to http://rkglobal.net/Downloads.aspx scroll down to Margins and download MCX xls

 

[ayush2020]

try BFD Trader, can use it as long as it works, else can shift back to ami

For some its still working, where as few others are reporting that it has stopped working.


Thanks

for me it has stopped...

 

[comm4300]

Brokerage ok.But what about levies.Even with RKGlobal,i think levies are extra.

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[NTrader42]

for me it has stopped...

Ayush, I think eventually it will happen for everyone, but for $ rate charts we can continue using one of the MT4 platforms.

Thanks

 

[TraderDude]

Can i earn daily 500 Rs in Copper?

This is the wrong question to ask. The better question is

How much can i lose in a day?

or

Can i afford to lose 500 Rs in Copper daily?

Good luck!!