Perhaps you have been waiting for this video for a long time to know when futures and options will start. You will understand what futures and options are, how to trade in it, how to earn money, but before that I would like to tell you a very important thing. I am assuming that most of you are new and that is why you should first know that 90% of the people lose 90% of their capital in the first 90 days and this is the most common thing in futures and options. That is, most of the people who are suffering losses, 90% of them are losing 90% of their capital in futures and options in the first 90 days. That is, futures and options are very risky. The risk is very high. How much risk is there, it is not known until you know what you are doing. Let me tell you again, unless you know what you are doing, the risk is very high, but if you know what you are doing, why you are doing it, what is the reason and logic behind it, then your risk in futures and options is reduced. So futures and options are neither wrong nor right in themselves. It depends on you. What you are doing is a double-edged sword in your hand. Now in which direction you take it is very important. Now what are futures and options, first of all we have to understand this. We will start from the beginning because most of the people understand what is stock market, where we come and buy shares. Now people think that we have bought shares. Well, if the price of the share goes up, then we will get profit and if the price of the share falls, then how we will get loss unless we sell it. So we are not afraid of buying shares, nor do people feel much risk. So where does the risk start? Now here you have to understand the concept. As long as you buy a stock, you think Reliance is good, Tata Steel is good, you think ITC is good, you like Marico, you like Jubilant Food. I have named these stocks. You have bought these stocks. The stock price goes up, it is a good thing. It falls. Maybe for some time you feel that it will go up in the future, so you hold it. So we call it investing. So investing, most people say it is not risky. They are right, it is not very risky because you do not incur a loss in a day. Now what does one day mean? From one day, we call it investing and when you buy a stock, it is called taking delivery in technical language. You took delivery, the pizza came to your home. But now after this a thing starts, when we are talking, this is investing, we are talking about long term, but we talk about profit, loss in a day, we call it intraday. Profit in one day, loss in the next day. Now you think, if a person is buying Reliance shares, then why will he buy for one day? If he thinks that Reliance shares will go up, maybe for 4-5-10 days or for 1 year, he thought for 5 years, then he will take delivery. Intraday means he will buy today and sell today. Why will such a person do this? Because what is the first profit in intraday? That is called leverage. I will tell you what is leverage? First thing, what is leverage and second thing? One thing happens, when will there be profit in the share when the share price increases? If the share price falls then we suffer loss, but in intraday you can also take advantage of the fall in the share price. Now how does this happen? What do we usually do? We just buy shares and when the price increases we sell it. But intraday and actually we will also talk about futures and options. In that you can sell first. You have already sold and if the share price falls then you can buy it later. That means if you see a share at Rs 1000 then if that share is at Rs 1000, let’s say and if it becomes Rs 1200 then you will get profit. But if I say if you bought a share, sorry, sold it at Rs 1200 and later bought it at Rs 1000, then it is the same thing that you bought it at 1000 and sold it at 1200. So first I sold it at 1200 and then it became 1000. This way I earned Rs 200 per share here and Rs 200 there. Now it depends on how many shares I traded. If I am talking of just 200 shares, then convert 200 to 100, then you will get a figure of Rs 20000. So what we can do is by doing both buying and selling, we can get a profit of 20000. Now to earn Rs 20000, if you see how much your investment was, you bought a share of 1000 and how many shares you bought, you bought 100 shares. Okay, it was an investment of 100000. I earned 20000 on 100000, but if I tell you that you do not need to invest 100000, if your analysis says that you can make a profit of 20000 in a day and you do not need to invest 100000, then intraday comes from this analysis that someone does not have 100000, but his analysis says that the share price will rise, but he has just Rs 20000. So can he make 20000 from 20000? The answer is yes, he can.