mcx commodity trading

[TraderRavi]

who is your broker and how much is brokerage ?

 

[saivenkat]

@ Raaja bro,
As suggested by you, i am using Broco as my mt4 platform.
I trade only Crude. For the last few days i am noticing a price difference between the Price indicated by the software and by the ODIN.

I mean, when crude ( May month contract) was at $ 111.81, i find the real price of crude at 5003 or so. whereas it must be around 4978. Why is this difference in 25 point or so?

Calculation : May month contract : CMP of Crude oil = $111.81
Exchange rate of USD INR yesterday =44.53
So Price of crude must be 111.81 *44.53 = Rs 4978

Whereas i see on my odin at Rs 5003 or so.. Can you figure out why is this so? Further i checked with other softwares like GCI and Metaactive-trades.. there also i notice this discrepancy.

When i asked my broker, he is unable to make a clear cut explanation to this?

Is it due to the premium difference or something like that? If so could you please clarify.

Thanks a lot

 

[sumeetsj]

Brief history of Silver, (good read)

http://www.business-standard.com/india/news/timelinebrief-historysilver/133002/on

 

[k.raaja]

who is your broker and how much is brokerage ?

I am trading with fortune trading corporation. brokerage 1250 per one crore transaction + govt taxes.

 

[k.raaja]

@ Raaja bro,
As suggested by you, i am using Broco as my mt4 platform.
I trade only Crude. For the last few days i am noticing a price difference between the Price indicated by the software and by the ODIN.

I mean, when crude ( May month contract) was at $ 111.81, i find the real price of crude at 5003 or so. whereas it must be around 4978. Why is this difference in 25 point or so?

Calculation : May month contract : CMP of Crude oil = $111.81
Exchange rate of USD INR yesterday =44.53
So Price of crude must be 111.81 *44.53 = Rs 4978

Whereas i see on my odin at Rs 5003 or so.. Can you figure out why is this so? Further i checked with other softwares like GCI and Metaactive-trades.. there also i notice this discrepancy.

When i asked my broker, he is unable to make a clear cut explanation to this?

Is it due to the premium difference or something like that? If so could you please clarify.

Thanks a lot

add 0.5% tax for calculated price... means 4978 + (0.5% of 4978) = 4978 + ~25 = 5003
:thumb:

 

[saivenkat]

Raaja bro, I dont get what you say.. Why is it the tax is levied on price? Is it not to be levied on the total turnover?

Please educate more on this issue. Thanks a million for taking time to attend my query..

Regards

 

[TraderRavi]

margin requirement for silver jumped to 185k and for silver mini to 30k.....

 

[nachu25]

I am trading in Stocks and Shares for the last 25+ years. In the recent past I am into commodities on full time basis. I started out with about 1 Lakh - result wiped out fully. I was bit greedy and made all the mistakes which all greedy traders do. I had never taken a overnight position in last 5 months. However, I did one day in the last few days, and it completely took me out of the market. I believe new traders in any market should be very careful and should avoid overnight positions in volatile markets. However, I have infused fresh funds and I am confident of overcoming all the mistakes which I committed earlier.
Please wish me luck. I will keep you informed of "The Pilgrims Progress." I mean "The Traders Progress."

 

[thestarvingtrader]

I am trading with fortune trading corporation. brokerage 1250 per one crore transaction + govt taxes.

Thanks for the info. Does Fortune Trading Co. have direct access to NSE and MCX? Do they provide their own software? If not, mind sharing with us which trading software you use? Much appreciated The Starving Trader trades metals on the MCX too.

The Starving Trader

 

[ayush2020]

yes some brokers r there .. who can offer a very low brokerage..... but they r nt much famous...