Commodity Trading: Golden Rules

If you are considering commodity trading in India, then you must remember these golden rules to increase your profits and decrease your losses.

• Don’t be over-confident or hesitant or disinterested when trading. If you are scared of the market or are over brave then you may incur loses.
• Don’t get hyper when your trade positions are moving in the right expected direction to reap maximum profits and ensure the profits by improvising the stop-loss level, time and again. Don’t be pessimistic in this case, or you may book profits pre-maturely and may later regret on existing early. It is not about being right or wrong, but how much profit you make when you are right and how much you lose when wrong. This is what differentiates winners from losers.
• Don’t be over positive when trades hit the suggested stop-loss levels and ensure you exit there. You may miss multiple and better opportunities by getting stuck in deals went wrong leading to higher and higher losses every day.
• Don’t discuss your open positions with everyone. This won’t help, in fact you will be confused listening to everybody’s views about the same and make you take decisions foolishly and hastily.
• Don’t be a Bull or a Bear in these markets. There is just one side to the markets and that is neither the Bull side nor the Bear side- but just the right side at the right time. Follow the trend.
• When you realize you are in bad situation, exit fast.
• Follow NCDEX and MCX tips of only the best NCDEX, MCX tips company in India. More ideas and tips will only lead to confusion.
• Don’t fool yourself by hoping for different situations or not accepting the reality.
• MCX and NCDEX are not overnight money making schemes. Of course, there are high returns and sizeable gains for a disciplined trader. Don’t start trending under any illusion of becoming a Billionaire overnight. It won’t happen and you might end up losing what you already have.
• Don’t trade by borrowing money from someone else. Trade only with own funds that are spare-able and be mentally prepared to lose it.
• Don’t get panic while trading. Volatility is inevitable component of this trade market and will be there often.
• Don’t take decision believing rumors. Verify and double check on the source of information.
• Don’t enter the Commodity Markets with Stock Market trading ideas. Though both are speculative trade markets, there is a huge difference in both and generally have opposite trading patterns and rules.

For MCX and NCDEX tips, feel free to contact Research Bhaskar. We are one of the best NCDEX, MCX tips company in India.

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