Intraday MCX Trading Strategy for Beginners
Intraday trading on the MCX (Multi Commodity Exchange) offers exciting opportunities for those who want to take advantage of short-term price movements in commodities like gold, crude oil, silver, and natural gas. But without a proper strategy, intraday trading can lead to heavy losses—especially for beginners.
This beginner-friendly guide walks you through effective MCX intraday strategies, tools, and risk control techniques to help you trade with confidence.
Why Intraday Trading in MCX?
- Lower capital requirement due to leverage
- Trade multiple contracts within a single day
- No overnight risk
- High liquidity in commodities like Crude Oil, Gold Mini, and Silver Micro
Best Commodities for Intraday MCX Trading
| Commodity | Features |
|---|---|
| Crude Oil | High volatility, fast movements |
| Gold Mini | Moderate risk, technical-friendly |
| Natural Gas | High momentum in short bursts |
| Silver Micro | Lower margin, beginner-friendly |
Recommended Trading Hours
- Morning session: 9:30 AM – 11:00 AM
- Evening session: 7:00 PM – 11:00 PM
Evening hours are more volatile due to U.S. market activity.
Basic Intraday MCX Trading Strategy
Strategy: Moving Average + RSI Confirmation
Timeframe: 5-minute or 15-minute chart
Instruments: Crude Oil Mini / Gold Mini
Indicators:
- 20 EMA + 50 EMA
- RSI (14)
Entry Rules:
- Buy Entry:
- 20 EMA crosses above 50 EMA
- RSI is between 40–60 and rising
- Sell Entry:
- 20 EMA crosses below 50 EMA
- RSI is between 60–40 and falling
Exit:
- Target: 15–25 points (for crude oil) or as per chart structure
- Stop-loss: Just below recent swing low/high
Key Intraday Trading Tips for MCX Beginners
- Stick to 1 or 2 commodities only
- Trade during high-volume hours only
- Use a stop-loss on every trade
- Avoid news events unless you’re experienced
- Never chase the market—wait for confirmations
- Start with Crude Oil Mini or Gold Mini (lower margins)
- Practice on a demo account before going live
Risk Management Rules
- Don’t risk more than 1–2% of your capital per trade
- Don’t overtrade—even 1–2 quality setups per day are enough
- Keep a trading journal to track your mistakes and improvements
Common Mistakes to Avoid
- Overleveraging just because the broker allows it
- Trading every price movement—not every candle is a trade
- Ignoring international cues (especially in crude and metals)
- Trading without a defined entry, target, and stop-loss
FAQs
Can beginners make money with intraday MCX trading?
Yes, but only with education, discipline, and strict risk management. Start small and focus on consistency.
What is the best timeframe for MCX intraday charts?
5-minute and 15-minute timeframes are ideal for spotting short-term trends and breakouts.
Which platform is best for intraday MCX charting?
Brokers like Zerodha Kite and FYERS offer real-time charts with TradingView integration.
Is MCX intraday trading allowed in mobile apps?
Yes, most brokers offer full intraday trading access via mobile apps.
Can I use the same strategy across all commodities?
The core setup can be reused, but fine-tuning is needed based on the commodity’s volatility and behavior.
