Prateek Mishra

Prateek Mishra

A Complete Trading Guide In Commodity Trading
Hi Traders....

I am looking that lots of people are interested in Commodity Trading looking @ the returns it provide in short time.

This thread is for Beginers who dosent have any idead about commogity trading and also dont know how to trade in futures Trading!!!

Step1> U need to open an account with a broker who is Registered with MCX OR NCDEX.

Step2> After doing that, u need to select one or more than one commodities that u r interested in trading..
like, gold, silver, crude, guar, chana etc..

Step3> Now.... For a given commodity,, u have 3 to 6 contracts open that are identified by month and expires on a fixed date on that month. eg. gold sept,oct etc...

Step4> All u need to do is place an order either to buy or sell(u can do both without owing physical quantity).
Every commodity has a minimum trading size.
eg. gold has 100 gms(mcx) to 1 kg(ncdx), silver 30 kg, guar,chana 10 tons(1000 kg). There for u can buy/sell minimun one or multiple of tick size..

Step 5> Now the payment Funda..
Futures trading is purely margin based trading similar in stock market.. Every commodity has a specified margin value by the exchange that is to b paid by you for trading.
The margin varies from 5% to 20%. Exchanges do change the margin periodically when market goes too much speculative...

Step6> Example:
lets say..I want to buy ncdx Chana sept contract currently trading @ 1920 Rs per quintal. I placed buy 1 lot(minimum) that is 10 tons. so the total amount calculated is 1 lack 90 thousands for 1 lot. So u hav to pay your broker only 6% of it. that is roughly 12000 Rs per lot..

If u dont sell that day itself and hold it, than your profit and loss will b calculated on "CLOSING MARKET PRICE".
so if the contract closes say 1910. that is -10.. so u have made a net loss of 1000 Rs. Simply saying every 1 rs gain or loss counts to 100 Rs profit/loss. (buying an selling one lot will cost u roughly 170 Rs brokerage)

Step 7>profit and losses are autometically debit/credited in your account on daily basis.. If your margin amount has fallen short.. ur broker will rang u up for a cheque.

step 8> Dont forget to square off your posotions before the contract expires. Otherwise u may need to give/take physical delevery og the good or face a penealty by the exchange..

I think i have explained a lot of things.. If any reader still have any query.. can ask on this thread...
views welcome...

A Complete Trading Guide In Commodity Trading

Prateek Mishra

Create a New Partition on a Windows 7 Hard Disk

The Windows 7 Disk Management tool provides a simple interface for managing partitions and volumes.

How To Create A Partition In Windows 7

By Prateek Mishra| February.3,2013 in

Similarly to Windows Vista, Windows 7 has a built in utility to partition a hard drive.

Many people like to partition their hard drive for multiple reasons.

Go to Start -> Right Click My Computer -> Manage or Open the Disk Management console by typing diskmgmt.msc at an elevated command prompt.
You will then be brought to the Computer Management Program
Click on the Storage bar and under it click on Disk Management
Then select the Drive you want to partition, In this example I will select the Drive D: “Vista”
Now right click on the drive and select Shrink Volume
You will then be presented with a Window showing you the Size of the Hard drive and the total amount available to Shrink. Since my hard drive is quite full I have a smaller amount available to Shrink.Enter in the amount you would like to shrink ( This will be the size of the new partition ) It can’t be more than the amount available to you and remember that Approx 1000 Mb = 1 GB
After you have entered your values, click shrink and let it do it’s thing. Depending on the size of the drive and amount to shrink this could take a while. Just be patient and once it’s done you will see an unallocated or free space which is the size you just shrunk the volume by. Select it and right click and then select New Simple Volume
Follow the Wizard that appears and fill in the Size of the Partition, Generally the size you just shrunk the drive by.
Assign a drive letter, Pick one of your choice it doesn’t make a difference
Then on the Format page, Ensure NTFS is selected and then Enter a name for your Drive – ie. “Music” and click next followed by finish