HOW TO START F&O TRADING IN 2024

 HOW TO START F&O TRADING IN 2024

INTRODUCTION • In this article we are going to talk about how to start Future & Option trading in Indian stock market in 2024. F&O trading is highly risky form of trading. You can trade Options and Future Derivatives. 

WHAT IS THE REQUIREMENTS FOR OPTION TRADING?

1- Demat Account 

2- Capital 

3- Chart Reading

4- Candlestick Reading 

5- Pshchology 

1 - Demat Account • The first thing required for Trading or Investment you need to open a demat account. You can choose a broker to open a demat account with him there is lots of brokers in market who offer you a free demat account and some broker take charge for account opening.

How To Choose a Broker?

The first thing you should keep in your mind is brokerage charge if you can afford brokerage charge in beginning then you go with a Premium broker otherwise you can try some free broker in Your earlier days. If you are a beginner then you can go with the Discount broker but if you have a good capital then you can try Full Service Broker . As a beginner you should go with a discount broker because he provide quite good and fast service in cheaper brokerage charge.

2- Capital• Second and the most important thing is capital if you don't have some money to invest in market then you can't earn a single rupees if you want to earn money from the stock market then you need to invest your money in market and take some risk before the profit. In option trading there is lots of chance your capital can be wipe out early. 

• How much Capital Required for Option Trading

As a beginner you should use 10% of your income in option trading because this is the highly risky type of trading. Use that money for trading who doesn't  affect you if you loss your money in the market. If You have your hard earn money for your any Financial work then don't invest that amount in market.

3- Chart Reading • 3rd and one of most necessary thing is chart reading if you can't read the chart properly then you can't execute your order properly. If you can read the chart then you can understand the volatility of the market and in which trend currently it's going. You can understand the trend of market with the easy chart reading skill and you can measure it's bullish or bearish market. You can Watch some videos on YouTube regarding this. 

4- Candlestick Reading • You can easily observe the chart if you know about the Candlestick. Candlestick is the Japanese technique to measure the market volatility and this is one of the most popular thing in the world . There is so many type of Candlestick and there pattern you can easily learn them with in some months but this is not guarantee that you can make profit in the market. As a beginner you should learn all of this technique to be a profitable trader in the market. 

5- Pshchology - As a beginner trader you can't hold your Profit Or Losses to long that is the part of your pshchology. Pshchology is also a part of trading not technically but mentally it's affect on your trading style. To build a strong pshchology you can do  meditation, yoga and other fitness activities to improve your pshchology and built a strong mentality.

To build a strong pshchology. You should also took the experience of market.

Conclusion• If You want to start F&O trading in 2024. Then you should follow all this point who has written in this article you need learn about the option trading . 9 Out of 10 person is in loss in option trading.

Disclaimer•

Do your own research and analysis before buying or selling any stocks. Investment in market can be risky do it at your own risk.