Trading on intra-day basis to earn profits in Commodities market is not every ones cup of tea, you can never know what is going to happen next and the commodity showing positive trend may start showing negative trend.
According to me an intra-day trader has to take quick and witty decisions while trading and he/she should have complete knowledge about the basics and the latest news revolving around the market and which can affect the prices of commodities.
Commodity is defined as materials that are traded in big quantities, their prices and quality levels are universally applicable. Commodities include Agriculture produce like Barley, Cashew, Castor Seed, Coffee - Arabica, Coffee - Robusta, Crude Palm Oil, Cotton Seed Oilcake, Expeller Mustard Oil etc., and Metals like Aluminium Ingot, Electrolytic Copper Cathode, Gold and Crude oil etc.
To trade in commodity you need to get registered in any of the commodity exchanges. In India there are a total of 25 commodity exchanges out of which three are national level exchanges and the rest are regional. These three exchanges are Multi Commodity Exchange of India Ltd. (MCX), National Commodity & Derivatives Exchange Ltd. (NCDEX) and National Multi Commodity Exchange of India Ltd. (NMCEIL). These three commodity exchanges are national level exchanges and are fully electronic i.e., online exchanges. People can trade even from the comfort of their home.
But most of the people like to go to the public terminals to trade, the major reason to do so is that their they get in touch with other traders from which they can get advices to trade and through which commodity they can make profit. But there fellow traders are not always true and they have to suffer losses on wrong advices. My advice here is to get tips or advices from learned and experienced technical analysts, even if you have to pay a nominal monthly, yearly or half-yearly subscription fee. There are many advisory firms which give you recommendations to invest in commodities but you need to have a reliable source that you are confidant of.