Hi Friends !
I have some basic questions on Futures. I would like to know about where I can find the current margin requirements for futures .
And think that I am going to buy Unitech Futures for the month ended December . Imagine I am buying it today @ 34.50 . So the market lot for Unitech is 900 . So it means I am buying Rs.31,050 worth futures right ? And if Unitech's margin requirement is 10% then I have to pay only Rs.3,105 for one lot right . That also means if the Future gains 10% I will be doubling my money and if it loses 10% I would lose my entire amount right ?
I would also like to know what is the minimum age for trading futures and is it enough if i have trading account or must I have someother account also. And also what is the Tick Value for the Nifty and the Sensex .
I am a newbie to the market and I would love it if you answered these basic questions for me ! Thank you !
Greetings From Erode,
Arun.
I have some basic questions on Futures. I would like to know about where I can find the current margin requirements for futures .
And think that I am going to buy Unitech Futures for the month ended December . Imagine I am buying it today @ 34.50 . So the market lot for Unitech is 900 . So it means I am buying Rs.31,050 worth futures right ? And if Unitech's margin requirement is 10% then I have to pay only Rs.3,105 for one lot right . That also means if the Future gains 10% I will be doubling my money and if it loses 10% I would lose my entire amount right ?
I would also like to know what is the minimum age for trading futures and is it enough if i have trading account or must I have someother account also. And also what is the Tick Value for the Nifty and the Sensex .
I am a newbie to the market and I would love it if you answered these basic questions for me ! Thank you !
Greetings From Erode,
Arun.
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