Access to Information and a Trading Plan

As commodity futures are not long-term investments, their performance needs to be monitored. The investor should have access to the prevailing prices on the exchanges as well as market information that can help predict price movements. Brokers provide research and analysis to their clients. Other information sources are financial dailies, specialized magazines on commodities and the internet. Further, an investor requires a trading plan. Such a trading plan can be developed in consultation with the broker. In any case, the investor has to remember to ride his profits and cut his losses by using stop loss orders.

In the next chapter we will learn about the process flow in commodity futures trading.

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BCE/TCM/CORP/0021, BCE Trading Member Id: 545, NCDEX/TCM/CORP/0479, NCDEX Trading Member id 00155, MCX/TCM/CORP/0479, MCX Trading Member Id 10440, NCDEX Spot Trading Member Id: 10040, SEBI registration no - INZ000044135