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Learn Commodity Trading ! Learning Trading in SIlver

Wednesday, August 19, 2015 | Labels: , , , , | |


Today I tried Paper Trading with Silver in Commodity Trading Market MCX. Silver Lot of 30 Kg.
Means you will get or loss Rs 30 with every 1 Rs. moment in price of future of Silver.

This is very helpful for beginner like me. I know paper trading and actual trading is too much difference. Still I did it with sincerity and dedication with Sharekhan's Trade Tiger Terminal. For this Trading 0.003 percent brokerage is applying for every trade. You might be get different brokerage depending upon your brokerage firm. First check brokerage.

To calculate brokerage I used the following formulae;
 ((Sold Price - Bought Price) * Lot Size) Minus ((Bought Price * Lot Size * .0003) + (Sold Price * Lot Size * .0003))

1)  Silve short 35513 Stop lOss 35619 (I apply this stop because it is top of that day)

            next stop loss 35524
                       stoploss trigger
            position still continue with stop loss 35524 stoploss trigger we get loss of 1000rs

2)  Silver short 35459 stoploss 35529

3) add one more lot at 35375 stop loss 35440 sell this lot at 35351 due to over position in this lot we go 24 point after brokerage 30 Rs loss

Still our one position going on
we sold position at 35370


we get 111 point 2670

after brokerage it will be 2000
after that

in first position we have loss of 1000 + third position we get loss of 30

means we get

Rs.   970 Profit.

Be a partner with my trading. Your suggestion welcome!!

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