Comment on Account Opening Documentation & Charges

Venu Madhav 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:
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.

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