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What is MCX? - Meaning , Benefits and account opening.

  What is MCX and How Does it Work?   The full form of MCX is Multi Commodity Exchange of India Limited. MCX is India’s first commodity derivatives exchange facilitating online trading of commodity derivatives transactions. Commencing operations in 2003, MCX operates under the purview of the Securities and Exchange Board of India (SEBI).   MCX operates in the same manner as the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), offering commodity derivative contracts across segments including agriculture commodities, metals and energy among others.   Factors Affecting Commodity Prices   Demand and Supply It’s one of the fundamental factors affecting commodity prices. Note that while the law of demand and supply is applicable for the commodity market as well, it varies across diverse time periods, depending on season, domestic and global conditions.   Geopolitical Concerns Geopolitical factors have a direct as well an indirect effect on commo...