#Upstox Currency Margin

[tradingmarketsblog]

Comparing the Top Online Trading Apps: Which One Is Right for You?

The online stock trading app industry has experienced a tremendous surge since the onset of the pandemic in 2020. Thanks to improved internet speeds and the growing interest in financial literacy, mobile-based stock trading has undergone a significant transformation. Each day, more Indians are experiencing the seamless shift towards incredibly smooth and flexible trading options, all available at the touch of a button.

As these apps continue to gain widespread adoption, even beginners can enter the world of trading with ease. These applications not only enable the buying and selling of financial assets but also offer a range of other valuable services. The only requirement is a reliable internet connection to ensure these trading apps operate smoothly.

This article has listed some of the best online trading apps so that you can choose any one of them.

Top Three Online Trading Apps

The list of the best online trading app is as follows.

1. Zerodha Kite

Zerodha boasts over 100 million active clients, contributing significantly to India's retail trading volumes, making up about 15% of the total. This app is highly recommended for both beginners and experienced traders and investors, thanks to its robust technological platform.

Zerodha's flagship mobile trading software, Kite, is developed in-house. The current Kite 3.0 web platform offers a wide array of features, including market watch, advanced charting with over 100 indicators, and advanced order types such as cover orders and good till triggered (GTT) orders, ensuring swift order placements.

Furthermore, users can also utilise Zerodha Kite as a Chrome extension, enabling features like order placement and stock tracking for added convenience.

2. Kotak Securities 

Opening a trading account at Kotak Securities comes with the advantage of zero account opening fees. Additionally, there are discounted rates for investors below 30 years of age, making it a cost-effective option. The account setup process is streamlined, with minimal steps involved.

Kotak Securities enables users to engage in a wide range of financial activities, including trading in stocks, IPOs, derivatives, mutual funds, currency, and commodities. Furthermore, it offers opportunities for global investments through its trading app. This app is thoughtfully designed, featuring a user-friendly interface accessible on iOS, Android, and Windows platforms. It also provides valuable extras like margin funding, real-time portfolio tracking, and live stock quotes with charting options.

3. Upstox

Upstox PRO, supported by Tiger Global and endorsed by prominent investors like Indian tycoon Ratan Tata and Tiger Global Management, is a well-known discount broker app. It offers a range of trading and investment opportunities, encompassing stocks, currencies, commodities, and mutual funds. For experienced and seasoned investors, it is an ideal choice, featuring advanced tools such as TradingView and ChartsIQ libraries.

Online trading apps offer a diverse array of financial products and services, consolidating your investment and financial management in one convenient platform. You can engage in activities such as trading equities, participating in IPOs, trading derivatives, investing in mutual funds, placing fixed deposits, dealing in commodities, and trading currency.

[rohitnkp00]

[anju05006-blog]

https://www.youtube.com/watch?v=NLjfr06E3j8&feature=youtu.be

Hey there! I have been investing in stocks and mutual funds using the Upstox platform and am quite impressed! Their platform is very secure and user-friendly and they have one of the highest-rated trading apps on the Play Store. Upstox offers free equity delivery trades and you pay only up to Rs. 20 per order for Intraday, Futures and Options, Currencies and Commodities. You get one of the best margins in the industry and access to a wide range of technical indicators. Join India’s fastest-growing broker. Sign up for a FREE demat account now.

Open Trading Account: https://bv7np.app.goo.gl/VbKnRFboa98aBrEf9

[unlistedassets]

Hdfc Securities Ltd.: Subsidiary of Hdfc Bank

As of March 31, 2021, HDFC Securities Ltd., which owns 96.34 percent of HDFC Bank Ltd., is a subsidiary. For the past six years, the corporation has consistently paid dividends. In contrast to last year's dividend of 135 per share, HDFC Securities declared a dividend of 318 per share for FY 2021.

Since the company revealed its aggressive expansion goals by entering the bargain brokering industry and competing with Zerodha and Upstox, hdfc sec share price has more than doubled from approximately 7200 in the previous year.

Business Plan

HDFC Securities offers technology-enabled online investing services for its retail and institutional clients in all asset classes, including stocks (initial public offerings), fixed-income bonds, derivatives, commodities, and currencies. Additionally, the business allows its customers to invest online via mutual funds and ETFs.

Additionally, the business offers cross-selling opportunities for its premium and high-value services, including portfolio management, lending and borrowing for securities, margin trading, theme investing, tax planning, international investing in US stocks, personal loans, and insurance products.

Through Omni channel platforms, which include the web, mobile apps, telephone, and physical branches, the company's goods and services are conveniently accessible.  

Motives for Purchasing HDFC Security Shares by a Customer

Their top priority is serving their customers.

Transparency: The business offers services, gives investors the tools to choose wisely and manages the portfolio. By offering top-notch investment services for scripts listed on the stock market, the company helps its clients achieve their financial goals and even improves their profit, which affects the share price of HDFC Securities, which is not publicly traded.

Current and pertinent information: The business presents opinions supported by solid and in-depth research.

Trading on many platforms with ease: Customers can trade with HDFC Securities using a variety of channels, including internet, mobile, telephone, or any of the company's locations, making the process incredibly convenient and seamless for investors.

Safety: In the current environment, where problems like Karvy have been realized, many investors have moved their accounts to more dependable brands; among them, HDFC is one of the top institutions in terms of trustworthiness and safety, and it is anticipated to benefit the most.

To avoid mishandling, an email is issued to HDFC Securities stockholders as soon as their order is fulfilled. Dedicated employees attend to a variety of customer needs.

Leverage: To meet customer needs, the company offers clients leverage.

HDFC Securities Limited Unlisted Shares

The brokerage division of HDFC Bank, hdfc sec unlisted share price has increased by twofold in recent months and is now trading at Rs 22,000 crore, on par with its listed rival ICICI Securities. The private lender had previously finalized preparations for its brokerage house to launch its cheap broking.

HDFC Securities Unlisted Shares Unlisted Deal Review

The business has a solid management team and a strong product line.

For the holders of HDFC securities, the corporation consistently pays a dividend and has been a continual compounder.

Important Points

High company growth during the last four years, with a CAGR of about 15% for revenue and 20% for net profit. Since only 4% of Indian retail investors currently invest in the equities market, there is room for the sector as a whole to grow by at least 20%.

A company model features a range of clients, including institutional and retail customers, with the potential to cross-sell high-margin products.

One of India's top five stock brokerage firms, HDFC Securities is supported by reputable parent company HDFC Bank.

[moneymagnet999]

Online Trading App for Stocks, Mutual Funds, IPOs, F&Os with 80 lakh+ customers 👀Looking for a single platform for all your investment needs? You’ve landed at the right place. 📱Download the Upstox trading app and join 80 lakh+ customers to invest in Stocks, Mutual Funds, IPOs, F&Os, Commodities and Currencies at minimal brokerage charges. ⏫Upstox is one of India’s fastest-growing investment platform and our smart and intuitive technology makes online trading quick and easy. With our app and desktop platform you can invest and trade in ��IPOs ● Apply for IPOs 24/7 ● Apply for IPOs via WhatsApp ● Pre-apply for IPOs before they go LIVE ● Explore and invest in IPOs via WhatsApp without opening an Upstox Demat account ● Enjoy hassle-free, zero commission UPI based IPO applications from our mobile or desktop platforms ● Get updates on the latest IPOs, find relevant information on the company launching the IPO, view a summary of the company’s financial performance and watch bite-sized video content on every IPO! 📈Stocks/Equities ● Scan through 5000+ stocks by their sector, technical indicator, or fundamental data. Eg. Top Gainers, Automobile Stocks, 52-Week High Stocks etc. ● After scanning them, buy stocks or sell top stocks with just a single click ● With our Margin Trading Facility get up to 2X leverage (50% funds) from Upstox for Equity Delivery trading or buying certain stocks and holding them ● Pledge your stocks to gain additional margin for F&O trading ● Enjoy up to 5X leverage on intraday trading ● View company’s fundamental data - Shareholding pattern, company profile, financial ratios and more to make informed decisions ● Access historical charts and trending news related to companies ● Explore the app without opening an Upstox account ● Track live updates, LIVE stream market data and get stock prices and quotes from NSE, BSE & MCX ● View OHCL (Open High Close Low) data to make better trading decisions ● Place CO and AMO orders and use the stop-loss feature to minimize loss 💸Mutual Funds ● Choose from 2,500+ Mutual Funds ● Zero commission investing ● Track your investment portfolio in real-time ● SIP investments starting at ₹100/month (at Mumbai, Maharashtra) https://www.instagram.com/p/Ca0FSS4PL10/?utm_medium=tumblr

[subbrokerindia]

Zerodha Product Codes Explained

Are searching about Zerodha Product Codes CNC, MIS in Zerodha, SL, and more Over 30+ lakh individuals make up the client base of Zerodha, one of the largest stock brokers in India. Open Demat account in zerodha by knowing the product codes of Zerodha. There are so many people using the Zerodha trading platform. Zerodha's Kite Trading platform is one of its most popular products. 

Whatever the case, the client is net to trading or investing. If you don't know what CNC, MIS, SL, and more stand for and what they're used for, you may not understand them. Nevertheless, once you know the different Zerodha product codes, you'll find them easy to use.

Zerodha is one of the largest stock brokers in India. Zerodha has such a wide client base those who use services in goods and trading platforms offered by Zerodha. Zerodha's Kite Trading platform is one of its most popular products.

Whatever the case, the investor is committed to trading or investing. If you don't know what CNC, MIS in Zerodha, SL, etc., stand for and what they're used for, you may not understand them right now. Nevertheless, once we explain the different Zerodha product codes, you'll find them easy to use.

What are Zerodha Trading Product Codes?

As a result, the Zerodha product code is an abbreviation used to perform a separate operation. CNC, MIS, QTY, PRICE, SL, etc.

If you want to place your purchase or sell order correctly, you need to understand what these abbreviations are. QTY and PRICE are two easily understood codes.

As in this case, QTY refers to the quantity of stock you wish to acquire. In other words, it is the PRICE that you are willing to pay for the stock.

Abbreviations for other codes that we're going to discuss in this article:

●    Cash N Carry (CNC)

●    Margin Intraday Square-off (MIS)

●    Market Order (MKT)

●    Restrict Order (LMT)

●    Cease Loss (SL)

●    Cease loss market(SLM)

●    Initiate a level change by pressing the

●    Amount not disclosed

Listed here are several Zerodha Trading Product Codes that are used in Stock market:

Market Order: Place a market order whenever you need to buy or sell an asset at the current market value.

The price of the market fluctuates from moment to moment. Consequently, your buy value may be a little bit different from what you saw earlier than placing your transaction.

Restrict Order: If you place a restriction order, you buy or sell a share at or below a specific price. If you want to buy/sell a stake to a particular price, you put a limit order. For instance, if the current market value is Rs 2000, but you need to buy it for Rs 1900, you'll need to pay Rs 1900. Place a restraint order. At a price below Rs 1900, the charge is completed.

At a price below Rs 1900, the order is completed.

Cease Loss (CL): When the value of a stock begins to decline, this method is utilized to limit the losses. Take a look at the following example: You have an inventory of Rs 1000. This stock's value begins to drop, and you're compelled to cut back your losses. As a result, you may be able to limit the loss to Rs 895. As long as the target value is fulfilled, you only have to perform a transaction. Stop-loss is a great way to limit risks.

LMT: A Limited order is placed in place using this tool.

Set off Worth: It's used to avoid loss on orders.

Cease loss market (SL-M): It is used to set a stop-loss at market value. When the set-off value is touched, the cease-loss order is allocated to the alternative at the market value of the set-off amount.

MIS in Zerodha: Margin Intraday sq. off (MIS) has been used by Zerodha. With leverage, Zerodha may be utilized for intraday buying and selling. As soon as the day session is over, all MIS places are automatically squared off.

CNC: Money n Carry is the abbreviation for CNC. Supply-primarily based fairness makes use of CNCs. In CNC, no leverage is provided. It doesn't auto-shut off at the end of the session, either.

Disclosed amount: This allows traders to publish only a portion of the exact value of the shares they acquired or sold. It must be more than 10% of the order value.

Normal (NRML) are traded overnight using NRML. You don't have to worry about auto square-offs if the customer doesn't want any additional leverage. Trading of currency using the NRML product code is also possible.

 What is the Margin Intraday square off MIS in Zerodha? 

MIS Margin, CNC, and NRML are the three product codes you can choose from when placing a transaction on Zerodha's Kite or Pi trading platforms. If you are performing intraday trading in Options, MIS stands for Margin Intraday Square Off. On the same day, you can purchase and sell a particular order called intraday trading. On that day, the deal is finalized. The next day, nothing is carried over.

Zerodha Mis Order provides intraday traders with margin leverage. There is no margin requirement for traders who buy options. The seller of options must maintain a margin. Fifty percent of the margin is required when using MIS codes. In other words, inputting this code offers Option sellers a 50 percent margin leverage, allowing them to make more trades with the same amount of money they have on hand.

This is determined by multiplying the number of orders by the order margin.

In contrast to non-intraday or carry-forward orders, intraday MIS margin orders have a larger leverage. In the FNO & commodities segments, leverage may be used to increase returns by 30X or 50X.

Zerodha Brokerage calculator is used to determine intraday margins for orders placed through the Zerodha Mis Order system. In all categories, MIS in Zerodha is the typical product type for intraday. The MIS product may also be used for intraday short selling in the equities section.

��MIS is a powerful tool for trading.

●     Risk Avoidance: Since this is an intraday order, the overnight risk is eliminated.

●     Flexible: Your intraday product can be converted to CNC or NRML.

●     Zerodha Mis Order has High Intraday Leverage: Margin Requirement for High Intraday Leverage

●     Calculate your demat account's exposure versus shares for the margin necessary for a margin order.

 Zerodha Product Codes for Advanced Users (BO, CO, IOC, etc.)

Here are the Zerodha product codes for advanced customers:

REGULAR ORDERING

: Regular orders are accepted.

Bracket order: (BO)

CO: cover order

AMO: Aftermarket order

DAY: Validity of a single day Cancel or Immediate

AMO: Aftermarket orders (AMO) is the abbreviation for such orders. Orders can be placed during non-trading hours. After the post-closing session and before the pre-opening session, you can place your order between 4:00 PM and 8:59 AM.

Bracket Order: For more significant leverages, bracket order (BO) is employed (than MIS). There are two types of Intraday Limit Orders: Buy or Sell at Limit Price Orders. Before the end of the day, all of the orders have been completed.

Cover Order: For intraday buy or sell at the market orders, a cover order is utilized (trading using MIS). Just provide the stop loss amount in this case. All orders will be completed before the end of the day.

 Instant or cancel (IOC): This acronym stands for "Immediate or cancel." As soon as the order is released, the Stock order will be executed on Zerodha. It is instantly canceled if the order is not completed correctly. Quantities that are not performed will be canceled in the event of partial execution.

Overview

Zerodha Product Codes are shown below.

This post has addressed a few of Zerodha product codes that are often used.

For placing limit orders, these are the abbreviations to use.

MKT stands for a market order.

LMT: Limiting order

Stop-Loss (SL)

MIS in Zerodha: For further information, see the Margin Intraday Square Off (MIS) website.

CNC: Used in delivery-based equity, CNC is employed.

New traders and investors may find the information in this article helpful. Any queries regarding Zerodha product codes are welcome to be posted in the comments section. Get in touch with us to know the MIS Intraday Process, Trading Product Codes, etc.

At Kundkund Trading, we are thankful to help anyone related to the stock market.

We are the best Sub Broker in India, partnered with Zerodha, Upstox, Angel Broking, Motilal Oswal, ICICI, providing more than 50000 Clients.

[best-trading-app-india]

Are you looking for India's best stock trading apps?

With smartphone apps in India, stock trading has become enormously popular and fast. Everybody now has stock trading open. 

These mobile applications include a market access and trading facility, which attract many new investors.

1. Kite by Zerodha Zerodha's Kite is one of the best trading sites and India's first discount broker. Kite by Zerodha has surpassed Sharekhan and ICICI to become India's best stock trading app. Zerodha is getting better every day, whether it's in terms of interface, customization, or support.

The best feature is its clutter-free gui, which ensures that no unnecessary information is displayed. Kite is a lightweight app for trading in India that doesn't use up a lot of resources including battery or memory. It's compatible with iOS and Android OS.

Furthermore, since all investments are free of brokerage, it is not necessary to buy and sell on the same day.

2. Upstox Pro

Upstox is another leading discount stock broker in India, and its app for trading in India is Upstox Pro. The Tatas have a significant stake in Upstox (formerly RKSV Securities). Mumbai is where the company's headquarters are located.

It's ideal for traders and buyers looking for high margins, low commissions, and free delivery trades. Upstox Pro's brokerage structure is identical to Zerodha's, and it charges 20/- INR for any transaction.

It's also the best stock trading app in India for beginners, with no account opening or annual maintenance fees. However, from the second year onwards, the annual maintenance charges for a Demat Account are 150/- INR, while the first year is free.

3. 5Paisa

5Paisa, which is backed by India Infoline Limited, is another excellent mobile trading app in India (a renowned stockbroking service.) It is headquartered in Mumbai and currently serves over a lakh customers. 5Paisa is unique in that it offers its consumers a variety of research recommendations. They have insurance, derivatives, mutual funds, shares, currency, and other financial services.

5Paisa charges 20/- INR for each transaction, with additional charges for distribution. The opening fee for a Demat account is 650/- INR, and the annual maintenance fee is 400/- INR.

 4. Angel Broking

Angel Broking has been in the stockbroking industry for over thirty years and is one of India's most trusted trading organisations. Angel Broking provides services such as mutual funds, insurance, banking, stocks, portfolio management, and initial public offerings (IPOs).

Its headquarters are in Mumbai, and its current clientele numbers in the tens of thousands. In India, they have over 8000 sub-brokers in over 800 cities. They used to charge based on a percentage of the total sum in the past. They had to come up with a flat brokerage fee of 20/- INR per transaction because the rivalry is so fierce these days.

They have no account opening fees for both trade and Demat accounts. From the second year onwards, the annual maintenance fee for a Demat account is 450/- INR, whereas the first year's fee is zero. Please consider the following benefits of another top trading app in India.

 5. Edelweiss

Edelweiss is one of India's most common mobile trading apps, and it's very simple to use. It supports all smartphone operating systems and provides brokerage plans for both traders and investors. It also has a large presence in the market, with over 4000 sub-brokers. It has a clientele of more than 12 lakhs and 470 workspaces spread across 200 regions. Edelweiss offers currency, mutual funds, stocks, IPOs, and derivatives, among other things.

The account opening fee is zero, but the annual maintenance fee is 500/- INR beginning in the second year, with the first year free. They charge 10/- INR for each executed order and delivery for their lite plan, and 0.3 percent of the trade value per delivery and 0.03 percent for intraday for their elite plan.

Final Thoughts

You know where the answers are if anyone asks, "How to choose the best mobile trading app in India?" or "Which is the best stock trading app in India?" We understand that in a world of eternal people, the demand for mobile apps is strong, particularly when trading is involved. People don't have time to open their laps or sit at their desks to manage their savings. They enjoy it and do it on the go, regardless of place or time.

It's difficult to select only one app for trading in India from a large number of options. As a result, before making a decision, it's a good idea to conduct a self-assessment of your interests and choose the option that best meets all of your needs.

[nsecurrencyderivatives]

How I use ATR to setup my USDINR Trades

ATR or Average True Range indicator is one of the superb indicators which can be used in analyzing strategy for the future trade setup. It is quite easy to use. Unfortunately, most of the Zerodha and upstox fans would be upset when they will come to know that most of the discount brokers do not provide ATR indicator (not to be confused with ATR TSL and ATR Bands). I use ATR to predict, create a strategy and hedge my positions. ATR gives 14-period moving range which means that it takes 14-period reading and gives the average price movement for the 14 periods.

Let me explain with a simple chart of USDINR. You can use the charting tool provided by in.investing.com. For the selection of best charting tool, you can refer my article which explains the charting tools I use for trading INR pairs.

When I open the charts for USDINR pair with TF=Daily and select the ATR from the list of indicators, a graph will appear below the charts. The graph is not much of importance as compared to the figure. If you closely observe the ATR for USDINR is 0.3523. The value is more important compared to the graph. Most part of my trading career I have seen the value of ATR for USDINR hovering around 0.35, which means that the USDINR pair moves on average 35 paise either way.

I usually check the ATR before the Indian Currency Market Opening time. This helps me to figure out movement, I can expect in the pair on either side (up or down). This value gives me the idea to sell monthly options on the basis of this value. Well, off-course no indicator is 100% effective, and traders have to at times combine different indicators or use his judgement when things go wrong. Like any other indicator, this indicator too will work in normal times.

Case 1 : When there is a uptrend

In this case sell every put option just below 50 paise (margin of safety in case of knee jerk reaction 35+15) as the price moves up at the beginning of the month. After 15 days you can sell puts near to the strike price. For hedging I would buy/sell Future to counter balance any loss during the day due to adverse movement in the pair.

Case 2 : when there is a consolidation.

In this case sell both put and call option with a difference of min 1 Re on the either side (margin of safety for a sudden volatile and knee jerk reaction) at the beginning of the month. After half month has passed sell 50 paise to 35 paise up and down from the spot or ICE future price. Here there is no use to buy or sell Future lot and most of the time the trades get whipsawed. I tried experimenting but could not make much of the trade in Future rather option selling was more effective in such situations.

Case 3: When there is a downtrend In this case, sell every call option just above 50 paise to 1 Re(margin of safety 15 paise from the spot or ICE Future price) at the beginning of the month and then after half month sell near to the strike price calls. For hedging I would buy/sell Future to counter balance any loss during the day due to adverse movement in the pair.

Above strategies are not useful during the extreme volatile situations or event-based situations in such cases, I adopt a different approach or do not trade at all.

This strategy can be effectively used for other pairs as well, but I prefer to use it in USDINR because of the very basic fact that I can trade and hedge using futures and options in the USDINR. In other pairs option trading has not gained popularity, although Future trading is more popular.

[stockquantum1-blog]

Upstox was formerly known as RKSV, which now is amongst the leading discount broker trading platforms. In this post, we review essential Upstox features and offerings and find out if they are an ideal solution for your needs.

It has over 1,00,000 tentative customers across India with a daily turnover amounting to 15,000 crore INR. They have been providing trading options with unbeatable price margins.

It also offers additional trading segment like currency, commodities, equities and other options which is available on their Pro web and pro mobile trading platforms. 

Upstox is a platform backed by investor groups namely Ratan Tata, GVK Davix, and Kalaari Capital. 

[kamalsiraswas]

https://youtu.be/NLjfr06E3j8. Hey there! I have been investing in stocks and mutual funds using the Upstox platform and am quite impressed! Their platform is very secure and user-friendly and they have one of the highest-rated trading apps on the Play Store. Upstox offers free equity delivery trades and you pay only up to Rs. 20 per order for Intraday, Futures and Options, Currencies and Commodities. You get one of the best margins in the industry and access to a wide range of technical indicators. Join India’s fastest-growing broker. Sign up for a demat account now. https://bv7np.app.goo.gl/h979ArXA8AnF8Wqh9 (at Astera, Rajasthan, India) https://www.instagram.com/p/CA396b3nukD/?igshid=14ueqoovjmq5

[coinsdresssanskritbooksstamps]

https://youtu.be/NLjfr06E3j8. Hey there! I have been investing in stocks and mutual funds using the Upstox platform and am quite impressed! Their platform is very secure and user-friendly and they have one of the highest-rated trading apps on the Play Store. Upstox offers free equity delivery trades and you pay only up to Rs. 20 per order for Intraday, Futures and Options, Currencies and Commodities. You get one of the best margins in the industry and access to a wide range of technical indicators. Join India’s fastest-growing broker. Sign up for a demat account now. https://bv7np.app.goo.gl/zwPiwQjarBEz5ndk8

https://youtu.be/NLjfr06E3j8. Hey there! I have been investing in stocks and mutual funds using the Upstox platform and am quite impressed! Their platform is very secure and user-friendly and they have one of the highest-rated trading apps on the Play Store. Upstox offers free equity delivery trades and you pay only up to Rs. 20 per order for Intraday, Futures and Options, Currencies and Commodities. You get one of the best margins in the industry and access to a wide range of technical indicators. Join India’s fastest-growing broker. Sign up for a demat account now. https://bv7np.app.goo.gl/zwPiwQjarBEz5ndk8

[abasaheb007-blog]

My earning within 10 days 5600 rs without investment (only refer and earn program) https://youtu.be/NLjfr06E3j8. Hey there! I have been investing in stocks and mutual funds using the Upstox platform and am quite impressed! Their platform is very secure & user-friendly and they have one of the highest-rated trading apps on the Play Store. Upstox offers free equity delivery trades and you pay only up to Rs. 20 per order for Intraday, F&O, Currencies and Commodities. You get one of the best margins in the industry and access to a wide range of technical indicators. Join India’s fastest-growing broker. Sign up for a FREE demat account now. https://bv7np.app.goo.gl/WX4pyg6SF19q1SXKA https://www.instagram.com/p/B9FHOYZnjDG/?igshid=70txnu1za8f2

[i-allianceresearch]

Guide to Commodity Trading

A commodity is nothing but goods or assets that has importance in everyday life and can be exchanged for other commodities of the same type in commerce. The commodity is any sort of movable or exchangeable goods and assets except for money that can be bought and sold.

Alliance Research is share market tips and commodity tips provider in India, Which provides stock tips in various segments.

 History of Commodity Trading in India

Commodity Trading has a long history tracing back more than 400 years. Osaka in Japan is known to have been trading commodity futures to trade rice. Commodity trading in India started with the formation of the Bombay Cotton Trade Association in India in 1875.

This has shaped the future of commodity trading in India with the country among growing markets in the world with around 20 exchanges trading over 40 commodities in early 2002. Nowadays commodity trading has become synonymous with derivatives seeing major volume since the turn of the century.

 List of Commodity Exchanges in India

1. Multi Commodity  Exchange of India Ltd

Mumbai

2003

2. National Multi Commodity  Exchange

Ahmedabad

2002

3. National Commodity  and Derivatives Exchange Limited (NCDEX)

Mumbai

2003

4. Universal Commodity  Exchange

Gurgaon

2013

5. Indian Commodity  Exchange (ICEX)

Gurgaon

2009

6. Shariah Index

Mumbai

2010

 What Are The Different Types Of Commodities

Enlisted down below are the different types of commodities

Agricultural

Base     Metals

Bullion

Energy

Let us discuss all of them in a little detail,

Agricultural Commodities

Agricultural commodities are those important sources of food that are required for either livestock or humans. For Instance, cardamom, cotton, crude palm oil, mentha oil, etc.

Base Metal Commodities

Base Metal commodities are those metals that are used in the manufacturing of other useful products like aluminum, aluminum minis, copper, copper minis, lead, lead minis, etc.

Bullion Commodities

Bullion Commodities include precious metals like gold and silver that are used for making jewelry. This type of commodity includes Gold, Gold Mini, Gold Guinea, Gold Petal, Gold Global, Silver Mini, Silver, Silver Micro, Silver 1000, etc.

Energy Commodities

Energy commodities include products that are used in the production of energy, like crude oil, crude oil mini, brent crude oil, and natural gas.

Best Commodity Brokers In India

Selecting the right commodity stockbroker is crucial for investment experience. And therefore we have listed down five best commodity brokers in India.

ShareKhan

Zerodha

Angel Broking

Trade Smart Online

Upstox

SAMCO

SAS Online

Kotak Securities

Motilal Oswal

R Money

 Risks of Investing in Commodities

When you are trading in Commodity Futures, it takes very less amount of money to hold a very large amount of commodity with the help of margin, which can help an investor make money but he can also lose a big amount as well.

Volatility Risk

Commodity Trading in India can be one of the most volatile asset class. It is considered more volatile than bonds, equities, and even currencies. For example, In the recent ongoing Trade War, the daily the volatility of oil was around 30% while in the same period the currency market only saw volatility of 10%.

[anju05006-blog]

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Discount Brokers offering cross currency pairs for trading in 2020 in India

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RBI and SEBI approved cross-currency trading in India in 2018, and all the three exchanges have begun offering cross currency pair trading in three currency pairs (GBPUSD, USDJPY and EURUSD) in both Futures and Options. It has been almost close to 2 years since these products have been made available to retail traders. But only a few brokers are offering their clients to trade in these assets. This article will list all the brokers in India who are offering cross currency pair trading.

Fyers — It is a discount broker offering to trade in cross currency pair trading. Like most of the discount broker, it charges Flat Fee of Rs 20 for every single trade. Its CEO Tejas Khoday is one of the most efficient CEOs who is always willing to introduce new products on their platform as soon as they are launched in the exchanges. It offers seven currency pairs for trading at the moment (USDINR, GBPINR, EURINR, JPYINR, EURUSD, GBPUSD, USDJPY) in both Futures and options segment. Margin requirement can be checked by visiting the margin link. It also offers algorithmic trading at reasonable price and has tied up with tradingview to provide its client trading platform along with charting tools. This collaboration with tradingview makes it attractive for traders who are algo traders and want to trade in cross currency pairs. Visit the link to brokerage calculator.

Samco — Previously known as Samruddhi Traders, it is a discount broker who charges Rs 20 per trade. Its CEO Jimeet Modi is another crucial figure in the firm and is always redefining the trading experience. The firm has recently introduced StockNote app for mobile and web, which deploys Giga trading platform. Giga Trading platform provides seamless service of AI and analytics to the investors to reach the right decision in-stock selection and trade setup. At the moment, it gives trading in seven currency pairs, and its margin requirement can be found by visiting the margin link. Visit the link to Brokerage calculator. They have also launched their API to promote algo trading, which is available free of cost to the traders.

Prostocks — They are offering several different plans for a variety of traders. For currency trading, they are offering Rs 499/month plan and Flat fee plan of Rs 15 per trade. You can visit their pricing page to check the details of various pricing plans, and brokerage calculator can be checked here. Margin Required for trading in currency futures can be checked here. If you call and trade then they charge Rs 10 for Intraday and FNO. Prostocks have kept their pricing plans and services very transparent. Their site gives you the fine details which every trader expects before selecting a broker. They are offering their own desktop, mobile and web platform for trading. Unfortunately, they are not offering an algo trading facility, which is a setback for algo traders. They are allowing traders to trade in seven currency pairs in both the future and options segment.

5paisa — They have different pricing models and mostly based on the Demat a/c based, i.e., either you pay AMC or opt for fixed monthly or annual brokerage plan. For first-time traders, their pricing models can be a bit confusing and would require some explanation from an expert. However, their basic plan is Rs 20 per trade. Their pricing model can be found by visiting this link. You can also figure out the margin required for trading in currencies by visiting this link. They are offering seven currencies at the moment for trading and have theirs in house trading platform 5paisa mobile, TradeStation (web and desktop). They are also providing the facility of algo trading with their 5 paisa algo trader, and they do not charge any fees for using their APIs, which is a great benefit owing to the cost of maintaining APIs.

TradeSmartOnline — They have two models based on low volume trading and high volume trading. If your trading volume is low, then they charge 0.007% of the total volume as brokerage. For high volume-based trading, they are charging a flat fee of Rs 15 per trade. Brokerage calculator and Margin Calculator will give you the picture of the brokerage and margin required to trade in currencies. They are offering Algo trading through their collaboration with Reliable software which is offering Fox Trader for fees charged by Reliable Software.

Mastertrust — This brokerage house boasts of 35 years of experience in the industry. It offers seven currency pairs for trading in both Future and options segment. They are offering three different brokerage pricing models at the moment. However, the very basic brokerage pricing model is 20:20 model which charges a flat fee of Rs 20/trade. They are also offering Algo trading facility in collaboration with several third party vendors.

Upstox — Considered as a fierce competitor to Zerodha, this brokerage house offers seven currency pairs for the trading in both futures and options segment. It has two brokerage pricing model. Basic brokerage model is Rs 20(or 0.05% whichever is lower). Another pricing model is applicable to the people looking for a higher margin. Both pricing model can be found by visiting the link. It also has the facility of Algo trading and has partnered with several third-party vendors to provide Algo trading. At the moment, it is not accepting new requests for its API’s access.

Tradeplus — Their brokerage plan is quite attractive and is perfect for beginners. They are offering Rs 99/month unlimited trading plan for currency derivatives. The Flexi scheme begins with Rs 9/trade. The detailed pricing model can be found here while a margin calculator can be found here. Unfortunately, they are not offering Algo trading, which might not be attractive for the Algo trader.

Finvasia — They are entirely new in this field and are offering zero brokerage plans which mean they do not charge for any trade. They are allowing trading in seven currency pairs at the moment. They earn through lending, technology costs and offering currency hedging services to the corporates. Their customer support is not upto the mark and are yet to catch big guys in the league. They have partnered with several third party vendors to offers trading platforms for both Algo and Non- Algo traders. Margin calculators and other calculators can be found here.

TradingBells — This brokerage is powered by another trusted brokerage house IIFL securities. They have only one brokerage plan where they charge a flat fee of Rs 20/trade. They are offering seven currency pairs for trading. Unfortunately, they are not providing any Algo trading. The margin calculator can be found here.

Achievers Equities — This brokerage house offers several brokerage pricing plans. The basic plan is per trade plan where they charge Rs 15/trade. At the moment they are offering seven currency pairs for trading. Their margin calculator can be found here while the pricing model can be checked by visiting the link. The broker is offering no Algo trading facility.

Rmoney — This is a decent broker offering all the currency pairs for trading and has two brokerage pricing plan. The brokerage on currency derivative is Rs 18/trade. Their margin calculator can be found here. Unfortunately, they are not offering Algo Trading at the moment.

These are the brokers which at the moment are providing trading in major currency pairs (EURUSD, GBPUSD and USDJPY).