Trading of any can be an overwhelming experience, especially for new investors. Here are some points to keep in mind while going for MCX trading.
Patience is key. It will help you remain grounded and refrain from making rash or panic-based decisions.
Every investment has associated risks. Understand the risks in MCX trading before starting your trading journey.
Diversification is a must. Do not keeps all your eggs in one or related commodities.
Slow and steady wins the race. Gain thorough understanding of the market before you make big commitments. It is a wise decision to take the help of an expert rather than depending on recommendations by friends or colleagues.
Stay abreast with market developments, global situations, etc. These will hone your investment strategies and techniques.