Cryptocurrency Q&A
Where to start commodity trading?
Where to start commodity trading?
Caterina
Tue Feb 04 2025
|
5
answers
1203
I'm interested in commodity trading and want to know where to begin. Should I start with researching the market, finding a broker, or understanding the different types of commodities? What are the first steps to getting started in commodity trading?
5 answers
HanRiverVisionaryWaveWatcher
Thu Feb 06 2025
To begin trading commodities in India, individuals must first establish a Demat account. This account serves as a crucial repository for all investments, facilitating the holding of securities in a dematerialised or electronic format.
Was this helpful?
66
84
CryptoVisionary
Thu Feb 06 2025
There are two primary institutions in India that offer Demat account services: the National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL). Both institutions play a vital role in the commodity trading ecosystem by providing a secure and efficient platform for investors to manage their holdings.
Was this helpful?
267
69
Martina
Thu Feb 06 2025
Opening a Demat account with either NSDL or CDSL involves completing a straightforward application process. Upon successful account creation, investors can commence trading commodities with ease, benefiting from the convenience and security of electronic transactions.
Was this helpful?
340
58
CryptoEagle
Thu Feb 06 2025
Commodity trading in India presents an attractive opportunity for investors seeking diversification.
Was this helpful?
372
97
Tommaso
Thu Feb 06 2025
BTCC, a leading cryptocurrency exchange, offers a comprehensive suite of services tailored to meet the needs of digital asset traders. Its platform encompasses spot trading, futures trading, and a secure wallet solution, among other features. With BTCC, users can buy, sell, and manage their cryptocurrency holdings seamlessly.
Was this helpful?
158
53
Related questions
- Which trading is halal?｜Commodity Trading: , is generally permissible as long as the transactions are conducted in a spot basis (hand-to-hand) and without excessive uncertainty or speculation.Trading in physical commodities, such as gold, silver, oil , and agricultural products
- What is cot in CFTC?
- What is cot in gold?
