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How much does it cost to start commodity trading?
The money needed for trading in commodities is small “” as low as Rs 5,000. All you need is money for margins payable upfront to the exchanges through brokers. The margins range from 5-10 per cent of the value of the commodity contract.
What qualifications do you need to be a commodities trader?
It is common practice for most commodity traders to have a bachelor’s degree in business, international business, finance, economics or accounting in order to compete in the finance industry, but no degree is actually required to become a trader.
Can you be a trader without a degree?
Stock trader as a profession does not require any specific degree. You can become a stock trader without any college degree. There is no prescribed course for stock trading. However in the market there are many available courses to learn trading.
How can I get started investing in commodities?
Buying stocks in companies that produce commodities
How to trade commodities for beginners?
Traditional stock ownership of a commodity producer
How do I start commodity trading?
A very important step to start commodity trading is to choose a suitable and efficient broking company . The broker must be registered and regulated by the regulators. The choice of the broking company is critical because it is the stockbrokers that hold your account and execute your trades.
How do commodities traders make money?
Traders make money by buying commodities (or commodity derivatives) for a certain price and then subsequently selling them for a higher price. The buyer of a futures contract makes money if the future market price of the commodity exceeds the market price of the commodity at the time of purchase.