How to trade Commodities - Gold, Silver, Crude Oil, Natural Gas

[SavantGarde]

From the menu bar on top...select TOOLS>OPTIONS >> Chart > Uncheck the Box 'Show Trade Levels'

Dear Seniors

I am using GCI MT4 to learn.
I have one question, my trades are showings as dotted lines ( - - - - ) in the open charts, so please tell me how to remove those lines as they are mixing up with trend lines.

Thnx

Vishal

 

[tri_vis]

From the menu bar on top...select TOOLS>OPTIONS >> Chart > Uncheck the Box 'Show Trade Levels'

Thnx a lot SG sir:thumb:

 

[trade2profit]

You may try BFD MT4 Demo..... It provides the data for MCX..... Once you open the a/c, send an email to them to activate it.... NSE and MCX symbols would show up......

Hi Adi,

Is your BFD working today or last week? My BFD terminal had stopped working from Thursday and its still not up. Had dropped a mail to there support and awaiting....

Thanks,

 

[adityasaraf007]

Hi Adi,

Is your BFD working today or last week? My BFD terminal had stopped working from Thursday and its still not up. Had dropped a mail to there support and awaiting....

Thanks,

Yes.... working absolutely fine for me..... A lot of people are facing some problem with BFD.... Don't worry, they generally reply within 2 working days.... So, your problem should get sorted out.....

 

[parasu47]

I am able to open a GCI MT4 a/c but getting Forex Data only. Can any one suggests how to get commodities data. Thanks a lot

 

[baskarboss]

hi
what will be the next target for gold

 

[Kaboooooom]

A little question of Tax. Since there seem to be many long term traders here I hope to get clear answer about this confusing thing, the answer to which I cant find online (in clear words that is).

How is income from futures (stocks or commodity) taxed. I used to think it was Short term capital gain, taxable at 10% but apparently it is taxed as Business income.
I am filing taxes for the first time (and very late too) and my tax lawyer added income from futures trading to the regular income and applied the standard slabs on it. I was under the impression that the regular income would be taxed according to the slabs and the income from futures trading would be a separate 10% thing. The income from futures trading is 1/3rd of regular income.

Please clarify.

 

[Maddy123789]

Hi,
I feel silver selling zone is some where near 52200...

seniors comment on the same.....

 

[adityasaraf007]

A little question of Tax. Since there seem to be many long term traders here I hope to get clear answer about this confusing thing, the answer to which I cant find online (in clear words that is).

How is income from futures (stocks or commodity) taxed. I used to think it was Short term capital gain, taxable at 10% but apparently it is taxed as Business income.
I am filing taxes for the first time (and very late too) and my tax lawyer added income from futures trading to the regular income and applied the standard slabs on it. I was under the impression that the regular income would be taxed according to the slabs and the income from futures trading would be a separate 10% thing. The income from futures trading is 1/3rd of regular income.

Please clarify.

Trading in Futures & Options is considered as a Business...... even if you did a single trade in the whole year...... Income would be charged under the Head "Profits & Gains from Business or Profession"...... and normal tax rates would be applied.... ie; 10%/20%/30%......

Short Term Capital Gain arises only when you take Delivery of Shares and sell them within 1 year......

 

[SavantGarde]

Income from Derivatives is Taxed as Business Income (Speculation)...Your Tax Lawyer has done correct computation.... but your Loss can be carried forward and offset against in the subsequent FY...think it can be carried forward for 3 years though, not sure about the number of years.

Which means if you had incurred Loss in this FY11-12 and profit in the next FY12-13 then your loss of FY11-12 can be adjusted when filing your returns for FY12-13. (Under same heading)

SG

A little question of Tax. Since there seem to be many long term traders here I hope to get clear answer about this confusing thing, the answer to which I cant find online (in clear words that is).

How is income from futures (stocks or commodity) taxed. I used to think it was Short term capital gain, taxable at 10% but apparently it is taxed as Business income.
I am filing taxes for the first time (and very late too) and my tax lawyer added income from futures trading to the regular income and applied the standard slabs on it. I was under the impression that the regular income would be taxed according to the slabs and the income from futures trading would be a separate 10% thing. The income from futures trading is 1/3rd of regular income.

Please clarify.