Key Benefits of Choosing the Currency and Commodity Market Timing in India
Profitability and sustainability in the commodity trading market require much more than capital. Choosing the right commodity and currency market timing in India for your trade and strategic entry and exit can bring profit to your kart. Market price movement remains unpredictable.
However, by choosing the right currency market timing in India can give you the edge of speculating on the best deal. Let’s discuss how commodity and currency market timing in India can affect your trading expectations.
Commodity and Currency Market
Before moving further, here is a quick insight into the definitions of commodity and currency market for a new trader.
Commodity market trade in agricultural and non-agricultural products. The goods include precious metals, crude oil, etc. On the other hand, the currency market is a trade of national currencies like rupees, dollars, etc.
It trades on the currency value speculations in the international market. The benefits of commodity trade rely heavily on market speculations at the right time.
Commodity and Currency Market Timing in India
In simple terms, the commodity and currency market timing refers to the operational hours when the currency and commodity trading market is open. The table below specifies the operational hours:
Commodity Market | ||
Market Type | Opening Time | Closing Time |
Commodity Market (Agricultural Commodities) | 9:00 AM | 5:00 PM |
Commodity Market (International Agricultural Products) | 9:00 AM | 9:00 PM |
Commodity Market (Non-Agricultural Commodities With Daylight Saving Time) | 9:00 AM | 11:30 PM |
Commodity Market (Non-Agricultural Commodities WITHOUT Daylight Saving Time) | 9:00 AM | 11:55 PM |
Currency Market | ||
Market Type | Opening Time | Closing Time |
Indian Rupee Trading | 9:00 AM | 5:00 PM |
Cross-Currency Trading | 9:00 AM | 7:30 PM |
- Indian Rupee trading currency trading involves trading in 4 categories:
- GBP-INR
- EUR-INR
- USD-INR
- JPY-INR
- Cross-currency trading is done in 3 categories:
- EUR-USD
- GBP-USD
- USD-JPY
It is crucial to note that the market remains open from Monday to Friday while Saturdays and Sundays are off. On all national and public holidays, the market remains closed. On some holidays, the market may be open for a certain period. One example is Muhurat Session Trading.
What Timing is Best for Trading?
Simply put, there is no specific ideal trading time. Predicting the flow of the market and the highs and lows of a trade candle is not easy. Having sufficient knowledge of your trade and making smart decisions helps you hedge the risks of trading. In this context, the timing of your trade can be a decisive factor. Wondering why? Let’s understand:
- The overlapping trading hours (when the trading time of two regions collapses) can have a significant impact on certain trade. When the currency market timing in India overlaps with that of Germany or the USA, the trade usually witnesses fluctuations.
- The opening and closing hours of trade also play a crucial role. During opening and closing time the trade volume and rush go quite high. This can be your time to make or break. While the calculative decision may give you substantial profit, the wrong decision can risk your finances.
- Many people often keep an eye on the movement of their purchased trade and enter or exit when it seems to offer the best deal. You need not necessarily hold on to your trade until the closing time. All it needs you to be calculative and quick in your decision
Conclusion
Commodity market and currency market timing in India offers flexibility so traders and investors can easily participate. Trading trends change every day so, one single time cannot be labelled as the best time for your trade. Exploring every day is the key to safe trading. As a beginner, it is best to seek professional advice before you are confident enough to pool your money by yourself.
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