Decentralized global market for trading currencies. Major pairs: EUR/USD, GBP/USD, USD/JPY. 24 hours a day, 5 days a week. High liquidity, low transaction costs, and leverage available.
India's largest commodity exchange. Trade futures of Gold, Silver, Crude Oil, Natural Gas, Copper, Zinc, etc. Trading hours: 10:00 AM to 11:30 PM (Monday-Friday). Physical delivery available.
Forex: interest rates, inflation, geopolitics, employment data. MCX: global demand/supply, USD/INR, monsoon (agri commodities), geopolitical tensions (crude oil).
Real-time indicative rates (delayed by 5 minutes). Actual trading prices may vary. Use for educational purposes.
| Currency Pair | Bid | Ask | Daily Change |
|---|---|---|---|
| EUR/USD | 1.0872 | 1.0875 | +0.12% |
| GBP/USD | 1.2645 | 1.2649 | -0.08% |
| USD/JPY | 149.82 | 149.86 | +0.23% |
| AUD/USD | 0.6583 | 0.6587 | +0.05% |
| USD/CAD | 1.3584 | 1.3588 | -0.15% |
Forex market hours: Sunday 5pm EST – Friday 5pm EST (24/5).
| Commodity | Price (₹) | Unit | Daily Change |
|---|---|---|---|
| Gold (Dec 2024) | 72,450 | 10g | +0.34% |
| Silver (Dec 2024) | 84,200 | 1kg | +0.67% |
| Crude Oil (Oct 2024) | 6,820 | Barrel | -1.20% |
| Natural Gas (Oct 2024) | 198.5 | MMBtu | -2.10% |
| Copper (Nov 2024) | 815 | kg | +0.45% |
MCX trading: 10:00 AM – 11:30 PM (Mon-Fri).
Forex and MCX offer diverse instruments. Understand each segment before you trade.
EUR/USD, GBP/USD, USD/JPY, USD/CHF — highest liquidity, tightest spreads.
Gold (MCX) and Silver – hedge against inflation, high volume.
Crude Oil, Natural Gas, Copper, Zinc – driven by global growth.
USD/INR, EUR/GBP, AUD/JPY – wider spreads, higher volatility.
Fundamental & technical analysis – interest rates, GDP, chart patterns.
Stop-loss, position sizing, leverage understanding – essential for survival.
Standard contract sizes, leverage, and margin requirements (indicative).
Pip value: $10 per pip (USD pairs) Typical leverage: 1:30 Margin required: ~3.33% Min trade: 0.01 lot Tick size: ₹1 per 10g Initial margin: ~5-7% Expiry: near-month contract Delivery: compulsory for large lots Tick size: ₹1 per barrel Margin: ~8-10% Trading hours: 10 AM – 11:30 PM Highly volatile
Forex never sleeps — here are the four major sessions and their overlap times.
A pip (percentage in point) is the smallest price move in Forex – typically 0.0001 for most pairs. Example: EUR/USD from 1.1050 to 1.1051 is 1 pip.
Forex: standard lot = 100,000 units, mini = 10,000, micro = 1,000. MCX: Gold 1kg lot, Silver 30kg, Crude 100 barrels. Mini lots available.
Leverage allows you to control a large position with small capital. Example: 1:30 leverage means $1,000 controls $30,000. Increases both gains and losses.
When your account equity falls below required margin, broker may ask you to deposit more funds or close positions. Always monitor leverage.
MCX futures expire on last day of contract month. For example, Gold Dec 2024 contract expires in December. Rollover to next month is common.
Forex: supply/demand, interest rates, economic data. MCX: global commodity prices, USD/INR, domestic demand/supply.
Spot is immediate delivery, futures are contracts for future delivery. Forex trades spot, MCX trades futures (with expiry).
Sydney, Tokyo, London, New York. Highest volatility during London-New York overlap (5:30 PM – 9:30 PM IST).
Yes, due to leverage and volatility. Risk can be managed with stop-loss, position sizing, and education. Never trade more than you can afford.
Metanext Trader provides free webinars, articles, and a demo account. Explore our education section for technical/fundamental analysis.
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