Commodity Trading Manual For International Intermediaries

ABOUT MAITRAMaitra is a Financial Trading Broking House headquartered in Chennai. Established in 2012, we have a strong network of business associates and branches all across South India with a patronage of 9000+ clients.Kick starting as a financial portal with operations only in commodity trading, Maitra has now ventured into other Investment opportunities like Equity and Derivatives, to envisage the diverse needs of all our clients and provide a complete array of financial trading products and services. The essence of Maitra is to partner all your investments, breaking all barriers that traders and investors face in terms of cost, support and technology. Although we are radically changing and evolving, our belief and passion to be the pioneers and most insightful, hasn’t. At Maitra, we aim to be accessible, responsive and connected, both to the markets we serve and our clients.

KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary. ASBA: No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.

Prevent unauthorised transactions in your demat and trading account: Update your mobile number with your Broker / Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your Trading/Demat account directly from Exchanges/CDSL on the same day.

FTN Exporting new trading site in 2020 is www.ftnx.netTHE FTN EXPORTING TRADING PROCESSHere is your first lesson.Reposted: Sept 28, 2029THE PCTThe Professional Commodity Trader is required to read and study the doctrine intently over 3 months. The publication is placed down where the trader now starts to trade as instructed therein.

There is no scope to at this stage to elude to the idea that you will close a deal anytime shortly. When you first start to trade in commodities, you are gaining experience and learning ‘lessons’ along the way.

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Nobody is going to help you in this business, not even FTN Exporting, and certainly not banks or other informed traders. ” If I were taking calls, I would be literally stuck to the phone for 10 hours or more every single day.This not the way to ‘run’ this kind business.”STUDYING THE DOCTRINE AND SAVE MONEYEven if you tenure the services of a lawyer, some will not understand the whole position of the informed Professional Commodity Trader (PCT) as our doctrine is the leading and emerging doctrine of trade that a home based PCT can use; as first realised online in 2005. In any case, who can afford to call such a lawyer every ‘5 minutes’ asking for guiding advice? Open a business account with a financially strong bank first before you even start to trade, this aspect has some importance. Secure the financial instrument into your bank first. Assistance will then ‘all of a sudden’ appear from your bank once they see you have good business to ply. Is the actual process difficult to apply?

No not at all.The formidable doctrine is mitigated to protect the PCT all the way to the contract. 9 out of every Ten applicants have understood the basis within 3 months of study. It’s the ‘starting process’ that many find difficult to apply once the study period is over. From the many applicants I have supported / mentored around 70% actually started to trade as instructed in the doctrine within 3 months on their own, with no support. 29% needed me to scrutinise their first time PDF made, for suppliers being approached by the PCT, in where around 10% needed me to correct their work–once only, to steer them in the right direction. 1 in 100 applicants struggled to get the starting process right, even after weeks / months (and years) of support were served.

Some will close deals, some will get close, some will never leave the starting block when attempting to seal a lucrative deal–no matter how long the PCT is trading for. One thing is for sure, your chance of even getting close in closing a genuine revolving transaction is literally zero, because unworkable, improper and illegal procedures cannot close such deals.By studying the doctrine in where the the once ‘ill informed intermediary’ makes efforts to contact real suppliers; from this time you are deemed to be a ‘Professional Commodity Trader.’ You are now looking to secure at large revolving offer of a wanted product as sourced from ONE supplier. We all trade in ‘commodities’ but ill-informed traders they all deal in many commodities all at the same time. We trade in one single commodity at any given time, even though we are able to deal in many kind of legal commodities. Hence one of the many difference “we the informed’ and other who are not becomes very apparent. We while trading as a PCT sourcing our own products to trade with, simply need to be assured that supply is 100% real in where this one supplier and therefore secured supply, will keep the PCT very busy testing potential inquiries from end buyers being tested. “You will not a close in the first year after completing the study, even if great efforts were made, please assume as much.” You have studied the doctrine, now you need experience.

You have to make ‘mistakes’ and you need to fail many times before the deal you have been working hard to secure is no longer so obscure. As less mistakes is evident confidence level will rise. This is how experience is earned, when good efforts to obtain such experience are applied.10-14 hours of a 7 day week set aside for trading, 6-9 months after you have completed the study signifies that a reasonably good effort is being made. You cannot expect 3 or 4 years of study to be realised just by simply reading/studying our doctrine in 3 months. When your first signed contract with an end buyer in in hand as signed, this is when your education stops.Even if the deals fails, and you made no money you have closed your first deal and knows how it feel to do so, the next time. You have the required experience; and thus, next time you’ll refine the process even more.

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You are now ready to trade as a Trade Specialist & PCT - with anyone or corporation world wide including bankers and lawyers. This is the time where your specific skill set is used at the highest level to chase down and close that one revolving deal. You have to earn such a profit, by bringing your skill set to the table. Just follow the advice in doctrine, and you’ll remain safe and will be trading at a high academic level in no time. If you can understand most of what’s stated in the pages, you will easily understand the doctrine is the common expectation.MANY TRIVIAL ASPECTS HAS ONE LARGE EFFECTThere is so much small meandering aspect of a trade deal that must be learned; it's the number of such unimportant matters that defeat some applicants quickly. The ability to concentrate and spend time to study the doctrine is therefore, a very important aspect.

If you are the type of person who does not take easily to matters of ‘study’ here is your first sign that this business is not for you. If you have poor writing skills and have less than a reasonable grasp of the English language, likewise this ‘business’ is not for you, is the assumption. A commodity trader and entrepreneur starts with the basic steps and moves forward ‘one step at a time’ thereafter. What needs to be mastered is the act of producing documents and handling trading documents. We buy and sell commodities using documents just like any other large corporation has to do. That’s what our business is about ‘documents, documents and more documents.’ The effect of our actions results in deals being entered into. We instigate deals, thus we are not intermediaries in the true sense, but highly informed specialised commodity traders outright.

We do not conduct deals with ill-informed others. We also do not deal in ‘stupidity.' Those who are ignorant of the facts, like to deal with others who are equally ignorant of the facts. “Never argue with an idiot, they will drag the argument to their level.” We are specialist traders, the skill we will need to attain will guide suppliers, end buyers, and even corporation giants, some of which have been trading in their way since the ‘dark ages.’ We never conduct business with ill-formed private traders, such as those many un-informed entities found online.NO STUDY FAILURE ASSUREDMost deals fail at the early stage of trading. Each failure recorded adds to the experience and education aspect until the time comes when your confidence and proficiency levels increase. For some such levels are reached in under 10 months, for almost 12 months or more is needed before anyone will take you seriously.

You are currently building bridges. You are gaining respect and acting with integrity as a Professional Commodity Trader (PCT) and specialist. You will only trade in FOB or FCA delivery mode for at least a year. You now need to master a specific process, because by mastering the ICC FOB Incoterms delivery aspect alone, will establish the premise to learn about all other delivery modes in the future.

From FOB, it’s only one step to CFR delivery and another step to CIF, or if you take a step back from the FOB aspect, you are delivering goods at FAS. All you need to know about the ‘delivery terms’ used is explained in the doctrine.

You will need to know a great deal about letters of credit and financial instrument processing rules as defined under ICC UCP international banking rules. The doctrine explains your position on this matter intently. Then you need to learn ‘Formation of Contract’ rules as it's applied in the international arena.

One cannot use localised commercial aspects of doing business I.E: Chinese, Russian, EU, or American local laws cannot apply when trading in commodities internationally.You’ll need to learn how to produce good clean documents, and you’ll need to study proper contract formation rules, and more. Unique matters found in the FTN Exporting Doctrine of Trade (FEDT) not found written in other trade publications, based on our 30 years of experience must also be observed. Very few authors have this kind of experience. Finally, those trading alone who eventually want to trade heading their string (groups) of informed traders, the PCT will also need to learn and apply commission payment orders and manage such ‘stringed’ traders.FTNX©2019.