Purposes & Usefulness of Online Commodity Trading Account Commodity trading in India or anywhere else, as the very name suggest, deals with trading of commodities or goods in places of stocks and shares. Commodity trading instruments are not like the other trading instruments which contain paper or electronic form of shares, securities, equities, currencies, mutual bonds, stocks or other such. It can include edible goods like cereals, vegetables, fruits as well as non edible stuffs also. Earlier, commodity trading used to be done either through Future markets or Spot markets personally or manually. Online Commodity trading is done now taking the help of technological advancements in the area of Communication and Information. Naturally if one wants to trade online, he or she needs to open an Online Commodity Trading Account for being able to conduct Online Commodity trading. It will help them to trade in commodities smoothly, swiftly and with higher efficiency. It will help the commodity traders in the same ways as it helps the investors in shares, equity and stock trading online. The market or trading scope of such commodities or goods in Commodity trading markets get determined and affected by the mechanism of Demand and Supply like the products in any economy. Demand and Supply are inversely proportional to the Price mechanism. Price value of these products in Commodity trading or in any way gets increased when the supply of these goods are in shortage whereas the prices stay low or at a normal rate when supply is sufficient or may be abundant. Similarly when demand for certain goods are high prices are accelerated to take full advantage of the situation , and on the other hand when demand for certain items declines it also has negative effect on price which gets reduced too. Online Commodity trading Account can be of two types namely Commodity Gateway Account and the second one is called Commodity Privilege Account. These types of Commodity trading account provides the investors an easy access to other commodity traders and also gets to hold of research works done in this field. This important information will very much help the new prospective traders or investors to know the tactics and in detailed knowledge of the pros and cons of Commodity Trading. Opening this type of account involves visiting a suitable online commodity trading portal and filling up of a form and submitting them along with some necessary documents like address proof, voter’s id card or driving license and attested passport sized photographs. After this through a personal phone call or a mail at your email address they will let you know the successful opening of your account and the validation of it. Commodity trading Brokers are those professional people who are profusely acquainted with the knowledge, functionality and operation of the Commodity TRADING Markets. Through their guidance and effective advises one can successfully do invest in such trading markets and they help you to analyze the markets with all sorts of information. They help you to get your orders that you place through them skillfully executed so that you can get some good returns.