futures and options.

can anyone tell me about futures and options in detail.
how to trade in them and what are the risks involved?
i am using sharekhan's trade tiger and a newbie...not even a month old.

any help will be appreciated. thank you.

Since you are a newbie, i would advise you to study understand the basic concepts first before enterig FnO trade.

Saint's Teach a man to Fish is a great thread and it is available here:

http://www.traderji.com/technical-analysis/6072-teach-man-fish.html
after studying and grasping the various issues involved, you can go through other important discussions threads in the futures section under the heading Derivatives.

For options you can start with jamit 05's thread:

http://www.traderji.com/options/28384-beginners-way-trade-options.htmland then move over to to other disucssion threads like Ghosh's option buy recommendations.

You can lose everything, infact more than the money you have entered with into trading.

You can lose in equity segment too, but much much faster in FNO.