MCX refers to multi commodity exchange, this exchange is started and promoted by promote Jignesh Shah from Financial Technology Ltd Mumbai.
MCX was a launched with a view to provide the transparency for the Indian farmers, jewelers, traders and many more. MCX also provides the facilities to trade, hedge, and book the commodity in any day at the exchange price. The Multi Commodity Exchange of India Limited (MCX), India’s first listed exchange, is a state-of-the-art, commodity futures exchange that facilitates online trading, and clearing and settlement of commodity futures transactions, thereby providing a platform for risk management. The Exchange, which started operations in November 2003, operates under the regulatory framework of Securities and Exchange Board of India (SEBI).
Positive Points for MCX:
MCX offers the price transparency to the Indian or Traders who are related for that commodity.
For example: Before handled by the commodity associations, due to this actual price or daily price.
1: Do not believe anybody blindly and trade on that basis.
2: Do not increase the lots size with increasing or decreasing the profit and loss.
3: Do not hedge any position between the futures.
4: Do not over trade on the rumors.
5: Keep manages your capital and divided them for this investment.