The commodity market is a complex and fascinating beast. Predicting which way prices will move can be difficult, and even seasoned traders can sometimes get it wrong. However, with the right tools and information at your disposal, you, too, can make informed decisions about when to buy and sell commodities. In this article, we will discuss some of the most important aspects of commodity market timing. So, if you want to get the most out of your commodity investments, read on!
Published on 02 February 2023
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Commodity trading hour
The commodity market timing is one of the most important aspects when trading. It's essential to know the commodity trading hours to get the best deals and maximize your profits. The commodity markets are open for trade from Monday to Saturday and closed on Sundays, with different timings for different commodities.
For example, MCX (Multi Commodity Exchange) has its timing, which is open between 9 AM IST- 11:30 PM IST on all weekdays except Sundays (closed). This means that traders have a total of 14 hours per day to make profitable commodity trades.
Knowing the commodity market timing helps investors plan their investments by keeping an eye out for news announcements, economic data releases, and other key events that could influence commodity prices.
Commodity Market Timing
Understanding commodity market timing is essential for a successful commodity trading strategy. The commodity markets are highly volatile, and the ability to time them correctly can mean the difference between success and failure.
Morning session
The morning session runs from 9:00 am until 5:00 pm. Orders for securities, such as base metals, bullion, and other commodities, can be placed by traders.
Evening session
Between 5:00 and 11:15/11:55 is the time for the evening session. Bullion, base metals, & energy commodities are all available for trading. Orders for agricultural products can be placed by international dealers up to 9:00 or 9:30 p.m.
To coincide with the start and conclusion of daylight-saving time in the US, the trading schedule of the evening session is adjusted twice a year. It implies that the evening ends at 11:30 p.m. in the summertime and 11:55 p.m. in the winter.
Does MCX change the holidays?
MCX (Multi Commodity Exchange) does not change the holiday schedule for commodity markets. Since commodity markets are based on supply and demand, they must remain open to support real-time commodities trading and commodity market timing.
The Multi Commodity Exchange of India (MCX) follows the same holidays prescribed by the Securities and Exchange Board of India (SEBI). These holidays may vary slightly from year to year but generally include national holidays such as Republic Day, Independence Day, Gandhi Jayanti, Diwali, etc., as well as other state-specific festivals such as Onam in Kerala or Ganesh Chaturthi in Maharashtra.
In addition, activity may be curtailed on days that have special significance in commodity markets, such as Dhanteras and Akshaya Tritiya. It is important for traders to be aware of any changes in the commodity market timing, especially when trading on MCX. This ensures that they do not miss out on any potential opportunities or incur losses due to unexpected closures or changes.
For example, even if a commodity exchange is closed on one day, other exchanges may still be open during that time and provide traders with an opportunity to take advantage of commodity futures trading and commodity market timing. Therefore, traders should stay up to date with the latest holiday information from MCX and other commodity exchanges. They should also keep track of their positions and trade accordingly to avoid potential losses due to unexpected holidays.
Why is Commodity Market Timing Important?
Commodity market timing is an important factor in commodity trading. By monitoring commodity prices and adjusting orders accordingly, traders can capitalize on changing market conditions and capture profits that would otherwise be missed. MCX (Multi Commodity Exchange) is India’s premier commodity futures exchange. It provides real-time commodity price information to help traders decide when to buy or sell a commodity.
The commodity markets are open throughout the year except for public holidays set by the government, such as Diwali, Chinese New Year, etc. However, due to certain changes in regulations or other factors affecting commodity prices, MCX may announce additional holidays from time to time.
The Bottom Line
When it comes to commodity markets and trading, timing is everything. Knowing when to get in and out of the commodity market can be critical for success in trading. Understanding commodity market timing helps you make informed decisions, allowing you to maximize returns on your investments.
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A commodity can be termed as an asset or a good that is essential in everyday use. Some examples of commodities include food, metals, and energy. By nature, commodities are interchangeable and alternate. It is an object that one can buy or sell, except for money and actionable claims.
The agriculture sector has been the spine of the Indian economy since prehistoric times. And given the evolution of technology and digitalisation, trading in agricultural commodities has become convenient. Today, you can trade agricultural commodities similarly like you do commodity trading for precious metals and others.
Commodities Traded and Its Types in Commodities Market
Did you know that commodities are also traded just like stocks? Did you know that there is a particular commodity market for the trade of commodities? The answer to both these questions is yes. So let us get to know more about the types of commodities traded in a commodity market.
A commodity can be termed as an asset or a good that is essential in everyday use. Some examples of commodities include food, metals, and energy. By nature, commodities are interchangeable and alternate. It is an object that one can buy or sell, except for money and actionable claims.
The agriculture sector has been the spine of the Indian economy since prehistoric times. And given the evolution of technology and digitalisation, trading in agricultural commodities has become convenient. Today, you can trade agricultural commodities similarly like you do commodity trading for precious metals and others.
Commodities Traded and Its Types in Commodities Market
Did you know that commodities are also traded just like stocks? Did you know that there is a particular commodity market for the trade of commodities? The answer to both these questions is yes. So let us get to know more about the types of commodities traded in a commodity market.
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