ICEX is a very old commodity trading platform and one of India’s largest. However, if you are a new trader, it is very difficult to maintain profits in such a volatile market. Factors such as weather patterns, geopolitical events, and economic indicators can significantly impact commodity prices, making it challenging to forecast market movements accurately. If your risk tolerance is not very high, I would recommend staying away from it. The prices of the commodities are very unstable, especially for agricultural commodities. There aren’t a lot of non-agricultural commodities apart from steel and diamonds.
ICEX needs more training guides, chatbots, etc. to help beginners navigate through the platform. Well-researched blogs on recent market trends and trading strategies can greatly help everyone stay updated on everything.