Also known as black box trading , these encompass trading strategies that are heavily reliant on complex mathematical formulas and high-speed computer programs. Retrieved from " https: As a consumer customer you may have additional legal rights and this policy does not affect these rights. This type of trading is what is driving the new demand for low latency proximity hosting and global exchange connectivity. This procedure allows for profit for so long as price moves are less than this spread and normally involves establishing and liquidating a position quickly, usually within minutes or less.
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Futures have an expiry date: All Futures have an expiry date, and in India you can buy Futures of three durations — one that expire in the current month, one that expire in the coming month, and a third one that expires in the third month. All Futures contract expire on the last Thursday of the month. So, while in April you can buy an April contract that will expire on 26th April , the May Future will expire on 31st May and the June Future will expire on June 28th Futures are traded in lots: You can buy or sell one share of Infosys but Futures have predetermined lots and you have to buy or sell in those many multiples of shares.
For example, an Infosys Future has a lot of so when you buy one Future contract of Infosys — it is like buying shares at a go. Volatile stocks need more margin and less volatile shares need lesser margins. You pay or get only the difference in value in Futures trading: Say you buy Nifty Futures on April 17 when they were trading at Rs. If the exchange or broker finds that the money in your account is less than the margin then it will automatically square your position they will sell it if you bought the Future and buy it if you sold the future.
You can sell your Future at any time before the expiry and on the day of expiry your Future will be cash settled which means that you will either pay the difference if you are in a loss or you will be paid the difference if you are in profit. You can sell a Future without owning it first: Since a Future transaction is settled on a upcoming date, it is possible to sell a Future without actually owning it.
For example, you could sell a June Future today without owning it first, and you have till June 28th to buy back your Future and square your transaction. In this case you make profit when the price of the share goes down because you have already sold the share and are hoping to buy it back at a lower price.
Theoretically, this is more dangerous than buying a Future because there is no limit to how high a share can go. Practically, the limit is as much money as is present in your account and allocated for margin. Once your margin is triggered — the broker will square your transaction by buying back the share, and I think you should only buy or sell a Future if you are sure you can track it very closely throughout the day and if you can handle the volatility and price difference.
In fact, it might just be better to buy Options instead of Futures because then your loss is defined. I would like to add one more thing here which is very rarely known about futures and that is the fact that in India the value of 1 Lot of a Future is Rs. I think these changes takes place after heavy correction in stocks in Before,there was a fixed lot system independant of the future price..
Changing the lot size occurs only when there is a huge deviation in stock prices which affects the total value of the contract and the contract Sizes of almost all contracts were changed after the Fall. I was doing my internship in a stock-broking firm in when the market crashed, so I have a fair idea of how the stock market works and all developments that took place during that time. Yes, your article is very much informative and it may clear many doubts in the mind of investor. By going through serial No: So nifty future trading can make you earn big money in single trading day.
But I must suggest investor to keep away from future trading as it may even wipe out all your wealth on one bad day. Unless you have money , have courage to withstand point volatility of Nifty which may need lakh roughly ,better avoid it. Sir you could have said about hedging technique. I am not sure whether this method is helpful or not but definately it may reduce your loss.
Sir , would you give your guidance regarding stoploss. Whether Stoploss should be applied or not. In most case stop losses are triggered. Sir can you also clear my doubt that how price of contract of two different months moves in tandom lets trading activites are going in April contract but no trading is going on may contracti. In such case if April contract moves up then May contract also moves up by the almost same points though trading is not taking placein May contract.
The far month contract is usually priced higher than the near one because it has more time to expire. Actually my doubt is related to commodity future. Two contract of two different months always maintain a constant difference. In case of Zinc,Aluminium or lead, the difference is almost Rs. How this diffference is maintained if trade is not taking palce or with less volume in contract of one month.
As far I think,there is always less volume in next contract and results in larger difference in Buy-Sell values only.. Tick size for zinc is 5 paisa. But Most of the times in next Zinc contract one can find that Buy Price: Under abnormal situations where number of traders get trapped in the wrong trade,chances becomes quite higher that hedging positions are added abnormally in next contract and difference gets higher or lower than the normal situations..
This kind of scenario frequently being seen in commodities like Natural gas where difference in two contact is always abnormal….. Finally Commodities are global assets…Value of Zinc whether in two contracts or at two different nations should have uniform trends…. Otherwise it will be simple arbitrage opportunity for traders. I remember,few years back one of the exchange conduct commodity trading awareness seminar in our city and one of member of FMC was the speaker…After seminar,number of people asked their doubts…I have also one: You are true that there are lot of intricacies to be solved… Just I was sharing my thoughts about commodity market.
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