Commodities Trading Online Biography
In reaction to our earlier pieces on futures trading and commodities trading, Get Ahead reader Satish Vijaykumar tells us how he lost money when he dabbled in Commodity Futures.
The day the Sensex crossed 9000, I sold all my shares and decided to park my money elsewhere. I was faced with the perennial question that plagues investors: Where must I invest?
Equity mutual funds? They too would be dependent on the stock market performance.
Public Provident Fund? And block my money for 15 years? No way!
LIC policies? Not too happening.
Real estate? Way above my budget.
Commodities trading? Ah ha, that sounded good.
With 80% of the Indian economy being agro-based, commodities trading has a lot of scope (at least, that's what I figured). In commodities trading, you actually trade in commodities (like gold, wheat, crude oil, etc, not stocks).
The success of companies like Financial Technologies (known for its trading software), and the amount of trading done on MCX (the Multi Commodity Exchange of India) and NCDEX (the National Commodity and Derivatives Exchange Ltd), left no doubt in my mind that this was a booming industry.
I wanted to be part of it.
I set the ball rolling
I decided to invest Rs 2,00,000 with a leading commodity trading firm in the hope of achieving returns in the 20% to 30% range by the end of the year.
Commodities Trading Online Biography
Commodities Trading Online
Commodities Trading Online
Commodities Trading Online
Commodities Trading Online
Commodities Trading Online
Commodities Trading Online
Commodities Trading Online
Commodities Trading Online
Commodities Trading Online
Commodities Trading Online
Commodities Trading Online
Commodities Trading Online
Commodities Trading Online
Commodities Trading Online
Commodities Trading Online
Commodities Trading Online
Commodities Trading Online
Commodities Trading Online
Commodities Trading Online
Commodities Trading Online
No comments:
Post a Comment