Yes! Only if you know how the MCX market works. You can trade in MCX, I see a lot of people making good money out of it.
Is Trading in commodities a good option for a secondary source of income?
Is Trading in commodities a good option for a secondary source of income?
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Trading in commodities is a great option for a secondary source of income. There are many advantages of trading in commodities.
- Unlike other asset classes, commodities usually have a low to negative correlation to traditional asset classes like bonds and stocks. So with a fall in value of bonds and stocks, it’s possible that there could be a rise in the value of commodities.
- Trading in commodities also leads to more diversification, which in return lowers the risk of loosing the capital.
- If you want to know more about trading and investing in commodities you can click on the mentioned link.https://fyers.in/school-of-stocks/module/commodities.html16
Trading is always a part of a good source of income if you have a particular skill set.
Yes trading is a very good option for a secondary source of income. If you are getting used to it then it can turn out to be your primary source of income too...