Future wins' is run by a trainer named 'vinayan' who has got more than 7 years experience in trading..he has worked in 'jrg securities ltd' and also in 'geojit' for 7 years..he has a personal website http://www.vinayanps.com ..
our main aim is to give knowledge to public about the advantages of 'safe trading' and how we can earn money through this method..in our firm we are giving free training to our online and off line traders and from those trainings they are getting maximum awareness about trading.we advice our customers to trade only in safe trading days and, keep your self away from trading on risky days..
ln our office, we are doing trading for those who wish to deposit 50,000 or above and we are providing the trading platform of 'reliance securities ltd.' for them.if the customer wish to do the trading in home, we can give him / her all services..we can help him/ her by giving trading account and giving 80-90 accuracy trading tips to trade, and we are not charging any monthly tips charges from our online traders.we are using high speed sms gateways to send trading tips to our online clients and tips gets delivered to our clients mobile with in 1 to 2 seconds.
we are giving our clients maximum lowest brokerage and a perfect service which we can give guarantee that no other firm's in world can give to anyone.we have specialised wing in our office to give perfect service to our clients...
we are providing options trading tips for those who are trading in other trading firms also, we are charging subscription charges from those clients, please check 'subscription' and 'disclaimer' page for details..
'new offer, trading with only rs.3000 !!!!!!
yes, its true..we, 'futurewins' is giving a new offer to our clients with reliance securities ltd. which is called 'cover order entry', by which you can do futures trading and equity trdaing with only rs.3000 in account.
to know more, please read the following;-
|1||What is MIS?
MIS stands for "Margin Intraday Square-off". As the name states, it is an intraday square off product.
|2|| What is Max Multiplier (Cover order)?
Max Multiplier is a variant of our Margin intraday square-off (MIS) product It is a two leg order where client places buy/sell order along with corresponding stop loss order.
Positions taken under Max Multiplier have to be squared-off (either by customer or through stop loss hit) before 3:10 PM; else RSL will square-off the positions at market price.
|3||What are the benefits of Cover Order over MIS Product?
Clients can take leverage as per their risk appetite. In this product client can take maximum exposure up to 66.66 times in cash market and 133 times in Nifty Futures.
|4||How it functions?
Max Multiplier is a two leg order where client places buy/sell order along with corresponding Stop Loss order. Client has to input the trigger price for the second leg in the same order.
First leg (buy / sell) is placed at market.
Second leg is a Stop loss market order. It remains pending till trigger price is not reached. Once price reaches the trigger price, the order becomes active & executed as market order.
Trigger Price: Client has to enter the trigger price within the range (stop loss range specified by RSL) which is displayed on the screen. For example if scrip is trading at Rs. 100 & range is specified as 3%, i.e. client can specify any price between 97 to 100 as trigger price. Once the first leg is executed, second leg (stop loss order) cannot be cancelled. It can only be exited from the order book. Exiting means placing a market order.
Cover order can only be cancelled till such time first leg is not executed. In a very rare scenario, If the first leg is not executed the order book will display the status as "Open" for both the orders.
Once the first leg is executed, order book will display status as "Completed" for first leg & "trigger pending" for second leg.
|5||Can Stop Loss order be modified once the first leg is executed?
Once the first leg is executed, Stop Loss order can be modified till such time it doesn't reaches the trigger price. If you modify the stop loss order, margin requirement will be recalculated & blocked accordingly.
|6|| Can Stop Loss order be cancelled?
If first leg of the order is traded/executed then Stop Loss order CANNOT be cancelled. However Stop Loss can be converted to market order. If first leg of the order is NOT traded/executed and goes into pending orders, then Stop Loss order alone CANNOT be cancelled. If first leg of the order (which is not yet traded/executed) is cancelled by the client then Stop Loss order will be cancelled by the system automatically.
|7||Where Cover order id enabled
INSTA EXPRESS / NEST TRADER: To place a cover order, user needs to select buy cover order entry / sell cover order entry from the Orders & trades menu. This includes dealers and clients using EXE version Online (INSTA PLUS): To place a cover order, user needs to select CO from product code drop down. As of now cover order is disabled for online. It will be available with new online trading version in October2011
|8||How Cover Order can be entered post login on EXE and Internet version trading In Exe version, cover order can be entered thru "Orders and Trade" option In Browser/ internet version it can be entered thru dropdown Order type as "CO"|
|9||Cover order is allowed in which segment?
Cover order can be placed by client in CASH segment (Scrip basket defined by RSL) & for 3 Index futures "NIFTY", "MINIFTY" and "BANKNIFTY".
|10||Is the stop loss range different for different scrips?
Stop Loss Range is specified by RSL at scrip level & varies from scrip to scrip.
|11||On what basis margin requirement is calculated for cover order?
Margin requirement is calculated on the basis of difference between LTP (while placing the order) & the trigger price specified.
X multiple (Multiple will be defined by RSL) of such difference will be blocked as margin.
RIL is trading at Rs. 750. RSL has specified the Stop Loss Range as 4% & Multiple as 1.5.
Client places a cover order to buy Reliance while specifying the trigger for the second leg as Rs. 730.
Margin Blocking: Difference between LTP & trigger price (750 - 730) is Rs.20. Margin will be blocked as 1.5 times of Rs. 20 which comes as Rs. 30.
In percentage terms margin is blocked as 4% resulting in to an exposure of approx 25 times.
Please Note: RSL has specified the Minimum margin to be blocked for cover order in case user enters a trigger price which is less than the minimum stop loss percentage specified by RSL.
|12||Can client take exposure against collateral (RSL approved stocks) for placing a Cover Order?
Yes, client can take exposure against collateral.
|13||Would the client be charged for this facility?
No. Client would not be charged for this facility except for brokerage and other levies as applicable on client trades.
|14||Can I convert securities purchased / sold under Cover Order to CNC, NRML (delivery).
NO. Positions taken under cover order cannot be converted to any other product.
|15||Till what time order can be placed under Cover Order?
Orders can be placed any time prior to 3:10 pm
|16||How May stocks and Futures contracts are available for trading on Max Multiplier (CO) TO start with effect from 11th Nov 2011 there are 228 scrips in cash segment and 3 current month futures contract (Nifty, Mini Nifty, Bank Nifty) are available for trading in CO. This list is may be changed by RSL due with market volatility without any prior notice.|
|17||Can Reliance Securities increase margin requirements or exclude certain scrip from Cover Order? Yes, Reliance Securities can exclude scrip from time to time and may increase margin requirements for certain scrip as deemed fit by its risk management team for uneven market conditions. This facility may be disabled any time by RSL due to Volatile market conditions on any given day of trading.|
|18||Can Reliance Securities disable this facility for a day or two due to adverse market conditions? Yes, if market is very volatile, Risk management may take this action.|
|19||Can a customer buy / sell Stock and Index Futures in "MIS" Product who has open position in Cover Order? Yes, such customer can buy / sell stock and Index Futures. Before market closed either customer has to square off OR system squares off at predefined time OR Risk management team will square off all standing intraday positions between 3.00 And 3.30pm.|
|20||Can a customer trade in stock or index futures/options in "NRML Product" if he has open in Cover Order? Yes, such customer can trade in stock or index futures/options in "NRML" product. However normal margin will be levied as specified by exchange.|
|21||Who can avail this Cover Order product?
Cover order is allowed to all customers of RSL which includes Direct as well as Franchisee customers.
|22||Will this facility be offered to all new customers?
Yes, this facility will be offered to all new customers by default. There is no endorsement required for this
|Thanks for spending your precious time with us..have a nice day.|