Table of Contents
How much money do you need to trade options in India?
For trading in options, you need to have at least Rs. 1.5 Lakhs to Rs. 2 Lakhs in your account. Use the Add Funds/ Withdraw option if you have insufficient funds for options trading.
Who is the best options trader in India?
Vishal B Malkan, co-author of the book #CASHTAGS and renowned trading coach, began his trading career when he was just 16. “In the year 2000, when options trading began in India, there was not much flurry because most people were not aware of what it was all about.
Are Option Traders Successful?
Despite its many benefits, options trading carries substantial risk of loss, and it is very speculative in nature. Not everyone can become a successful options trader. Like any other business, becoming a successful options trader requires a certain skill set, personality type, and attitude.
Is options trading legal in India?
The Foreign Exchange and Management Act (FEMA) prohibits binary trading or forex trading in India through electronic or online trading portals. Any investor who takes up binary trading in India does so at his own risk, with no law to regulate dealings of binary trading options in India.
Can I become a millionaire by trading options?
Yes, you can become a millionaire by trading options. If you believe in your trading ability. If you have believe in your trading strategy. If you maximize profit when the trade goes right. If you cut your losses, when trade goes wrong. If you trade within your comfort zone.
Can anyone become rich by trading stocks in Indian stock market?
If “anyone” in your question reads “everyone” then no, not everyone can become rich by trading stocks in Indian stock market. Someone’s loss is someone’s gain.
Why is it so difficult to become a millionaire through forex?
Now, let’s take a look at some of the reasons why it is so tricky to become a millionaire through forex alone: Not Enough Capital: for you to make greater profits on each trade, you will need more capital to start with. You will probably need tens of thousands of dollars, probably more, to make your dream of being a millionaire a reality.
Do traders use options to make money?
If you’re sophisticated as a trader, you most likely use Options not only as a speculative tool but as a hedging tool also. If you believe traders do make money in say stocks, you have to believe many of those successful will engage with Options on their chosen markets.