Futures trading agencies exist in
most Indian cities and towns, ready to assist everyone
wishing to trade in commodities Futures. If you wish to trade, you should
open a trading account. Your volume of trade would depend
on the amount of the money you have deposited in the
trading account as margin.
Trading hours are specified. You
can trade through NMCE Exchange from Monday to Friday
between 10 am to 5 pm and also from 5.30 pm to 8.00
pm and on Saturdays from 10 am to 2 pm. In NCDEX the trading hours are Monday
to Friday between 10 am to 5 pm but additionally it
works from 5.30 pm to 11.55 pm besides working on Saturdays
10 am to 2 pm.Trading hours in MCX is from Monday
to Friday between 10:00 am to 11:30 pm and Saturday from 10 am to
Agency offices would help in trading.
You would know the average and price standards of ongoing
Futures trading from the computer monitor of the agency
If you, as a client of the agency,
want to sell or buy goods, you can do it by just using
the computer terminals at the agencies office. You will
also get an online confirmation at the terminal itself.
If the deal is done, the trading organization will give
a contract note within 24 hours.
You have to pay a specified amount
as brokerage to the Futures trading organization for
every deal you perform in the Futures market. If you
are keeping goods in the warehouse, you will have to
pay a fee and should also pay an insurance premium.
When every deal is done, 6-10 percent
of the whole trade value has to be deposited in the
dealers account as margin amount depending upon the
percentage set by the exchange, which varies from time
For example, a person who has
to buy or sell one-ton rubber priced at Rs. 60 per kilo
a margin of 6%(i.e. Rs. 3600) should be deposited in
his account opened with the member