Hi,

I searched all over the internet but not able to find proper explanation on how to trade in the commodity market.

They only tell what the commodity market is all about. I need help with all those "SILVER 05JULY2012". What does that mean? Which is the best "date" to buy?

And "SILVER 05JULY2012" shows that its price is 59008. How much should I buy it for? What is margin when it comes to buying this?

I'm interested only in Silver.

I have a demat account with Sharekhan.

I have been trading (successfully) in equities from the past 4 months.

Just need help with this.

A link to a proper pages with "proper" answers to my questions will help.

Or just giving me a few tips would also be great.

Thanks for reading.

Cheers

"SILVER 05JULY2012" refers to the futures contract the expires on 5th July 2012.

You can check the contract specifications for silver on MCX's site:

http://www.mcxindia.com/Uploads/Prod...lve_Jul_11.pdf

I am not sure about the total margin, but as per the above link, the initial margin for silver contracts in 5%.

It seems you have not traded in stock futures till now. Before you start trading in commodities, I suggest you do some trading in Nifty futures.

Compared to stock index futures, commodity futures are more risky (because of the high leverage involved) and also more complicated.

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If appropriate, this thread could be merged with this one, just to keep it all in one place.

Yes, I'll do that. That pdf helped in a few doubts.

Thanks for taking time to reply to my post.

Cheers.