How Can I Trade Commodity Options in Groww?

Oil, natural gas, and gold are some examples of commodities used to diversify your portfolio away from traditional stock markets. Due to its volatility and speculative nature, this investment instrument is also appropriate for short-term trading methods. We go through all the details of how to trade commodities on Groww in this beginner’s guide.

Steps To Trade Commodities On Groww

Process To Trade Commodity Options in Groww

Step 1: Open a demat and trading account

In just a few minutes, you can create a demat and trading account on Groww account. Just provide the essential details like name, email id, phone number, date of birth, aadhar and pan number. Also, add your bank account details.

Step 2: Deposit the required funds 

Now, add money to your demat account. These funds will be used to place the trades in the commodity market.

Step 3: Research and Make a list of your preferred commodities 

Since commodities are frequently highly volatile, you should always research the market before making a trade. Consider essential research techniques related to supply and demand, geopolitical developments, broader economic indicators, and more. Then make a list of the commodities you want to trade in. You may also invest in some commodity indices.  In that case, analyse them and note down the best-performing ones.

Step 4: Pick the Commodity you want to trade

Use the search option to locate your preferred commodity when you are ready to begin trading. Select the commodities and click on proceed. 

Step 5: Place Your Trade

Once you enter your choice, you can go ahead and place your order. Make the requisite payment through a suitable mode and confirm your order.

Following these five simple steps, you can easily start trading commodities on Groww. There are a lot of options available. So, you can tap into the potential of all kinds of commodities.