Hi all!
I am a commodities trader who trades regularly at ncdex and mcx.
Now its known that many commodities are manipulated by speculators and mcx and ncdex seem to turn a blind eye to most of them bcos they are probably 'acceptable' to them but then there are counters such as natural gas at mcx where for you can clearly see serious manipulation going on. A few weeks back for september delivery there were 11000 buyers and 1300 sellers and the counter went up for sometime and then suddenly it just crashed big time and there were less than 1000 buyers and more than 2000 sellers. almost everyday u can see manipulation like this going on in this counter and they give a bad name to the daytrading profession. us daytraders dont mind taking a risk to trade but hate it when some big players or traders manipulate in such a way
now why isnt mcx investigating who were behind such antics and more importantly have safeguards to prevent such things from happening? they claim they have good surveillance and such incidents make u wonder if they mean it
I am a commodities trader who trades regularly at ncdex and mcx.
Now its known that many commodities are manipulated by speculators and mcx and ncdex seem to turn a blind eye to most of them bcos they are probably 'acceptable' to them but then there are counters such as natural gas at mcx where for you can clearly see serious manipulation going on. A few weeks back for september delivery there were 11000 buyers and 1300 sellers and the counter went up for sometime and then suddenly it just crashed big time and there were less than 1000 buyers and more than 2000 sellers. almost everyday u can see manipulation like this going on in this counter and they give a bad name to the daytrading profession. us daytraders dont mind taking a risk to trade but hate it when some big players or traders manipulate in such a way
now why isnt mcx investigating who were behind such antics and more importantly have safeguards to prevent such things from happening? they claim they have good surveillance and such incidents make u wonder if they mean it