Comment on Account Opening Documentation & Charges
commented on
22 Jun 2015, 01:55 PM
Hi Zohaib,
It wouldn’t be in your best interest to start off trading in F&O/Currencies especially if you’re new to trading. A more systematic approach would be to get yourself acclimatised to the functioning of the Stock markets and then explore newer trading options. A good starting ground would be to go through the various modules at Zerodha Varsity: http://zerodha.com/varsity/
Varsity simplifies the markets for you in understanding various concepts.
Yes, the Exchanges do require every client trading in F&O (including Currency Derivatives) to produce an Income proof considering the inherent risk that comes with trading F&O which is why they’d want people to have a source of income.
My advice: Start of with something small, something which if you lose wouldn’t really affect you much. Start of trading equities. As you gain more experience, you could trade other market segments.