Open a trading and demat account with a SEBI-registered broker offering MCX access
Complete KYC verification with PAN, Aadhaar, bank details, and required documents
Add funds to your trading account
Learn the MCX contracts, lot sizes, expiry dates, and margin requirements
Choose the commodity you want to trade, such as gold, silver, crude oil, or natural gas
Analyze market trends, charts, news, and global commodity prices
Select the contract month and decide whether to buy or sell
Place the order through the broker’s trading platform
Monitor open positions and manage margin requirements
Use stop-loss and target levels to control risk
Square off the position before expiry or allow settlement if applicable
Track transaction charges, brokerage, taxes, and exchange fees
Follow MCX trading hours and contract specifications
Avoid overleveraging and trade only with risk capital
Review trades regularly and maintain a trading plan