NCDEX is a National level online multi-commodity exchange of India The abbreviation of NCDEX is National Commodity and Derivative Exchange. Which is a multi-commodity exchange of India, which started its working on December 15, 2003. This is a public limited company offers secure trading in the commodity market. NCDEX has eight shareholders Canara Bank, CRICIL Limited, ICICI Bank Limited, IFFCO, LIC, NABARD, NSE and PNB.
Agricultural commodity traders have great benefits of trading on this exchange by just knowing about basics. Today everyone, including businessmen and farmers, seeing trading opportunity online. NCDEX have provisions of a fine policy for agricultural commodity trading in the virtual world that ensures the exchange of a rich agricultural commodity.
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Indian commodity market considered as world’s largest commodity market as it offers a large number of commodities that can be traded online.
WHY SHOULD YOU INVEST IN NCDEX?
There are a number of reasons to invest in commodities some of those are as follows:
Transparency: Because of the involvement of large-scale participation Trading in commodity futures is transparent so there are no possibilities of forgery.
No Insider trading involved: Trading in the commodity market is untouched from the evils of insider trading. In this financial market unlike the stock market, there is no company specific risk involved.
Simple economics: Commodity market follows simple economics, i.e. Demand and supply rule which explains higher the demand for a commodity higher its price and Vice- versa.
Wide participation: After the emergence of online commodity trading that would enable amazing growth in the commodity market much akin to the one seen in the equity market. That would also bring the market closer to both users and traders.
These benefits of NCDEX have opened the doors of opportunities for commodity traders. Capital bolsters, one of the best commodity tips provider in India works according to NCDEX rules and provides completely analyzedcommodity tips to make a profit from commodity market.