Derivatives

Gold Futures Simulation Trader Form

Welcome to the Gold Futures Trading Simulation! 

This experiential activity developed by Dr Hanif Kanjer is designed to help you understand how commodity derivatives markets work, specifically through gold futures.

Objective:

Make strategic Buy/Sell decisions in the gold futures market based on changing prices and contract types, and aim to maximize your profit or minimize loss over the course of the simulation.

How to Participate:

Step 1: Access the Trade Submission Form

You will receive a link to a Google Form titled:
👉 “Gold Futures Trading Simulation – Trade Entry Form”

Step 2: Fill in the Following Details for Each Trade:

1. Full Name

2. Gender

3. Date of Birth

4. Date of Trade

5. Gold Contract Type
   Choose one of the following:

   1. Gold (Standard – 1 kg)

   2. Gold Mini (100 g)

   3. Gold Guinea (8 g)

   4. Gold Petal (1 g)
      
      

6. Trade Type – Select Buy or Sell

7. Quantity – Enter how many contracts/lots you're trading

8. Lot Size – Choose from: 1g, 8g, 100g, 1000g

9. Current Market Price – Enter the market price per gram at the time of trade

10. Comments/Justification – Briefly explain your reason for this trade (optional but encouraged)
    
    

Rules of the Simulation:

• You can submit multiple trades, but only one trade per form submission.

• Use real-world market analysis (news, charts, events) to inform your decisions.

• Once submitted, you cannot edit or delete the trade — just like in real markets.

• Trades will be tracked using your email and name, and your P&L (Profit/Loss) will be calculated based on actual or simulated price movements.

• Trading will be allowed between [Insert Start Date] to [Insert End Date].

• A Leaderboard will be shared weekly showing your performance versus peers.
  
  

How Will Your Trades Be Evaluated?

• Trade Value = Quantity × Lot Size × Market Price

• Unrealized P&L = (New Market Price – Entry Price) × Quantity × Lot Size

• P&L will be updated regularly on the dashboard

• Final rankings will be based on:

  • Cumulative P&L

  • Consistency & Logic in trades

  • Participation frequency

Transaction cost

• Enter your trade details into the ICIC Commodities brokerage calculator, and fill in the data in the Gold Futures Simulation form

Important Notes on Integrity:

• Do not share the form link with outsiders.

• Data manipulation is not possible, as the backend is secured.

• Each entry has a timestamp and email ID recorded for transparency.
  
  

Recognition & Rewards:

Top 3 participants will receive:

• Certificates of Excellence

• Bonus academic credit or class participation points 

Go to MXC commodities

https://www.mcxindia.com/

1. Click on Bhav Copy under resources

2. Under Instrument - click on FutCom and press Show 

                    https://www.icicidirect.com/commodities-market