In this blog, you will be able to know how you are supposed to activate F&O trading in Zerodha and increase the amount of your profit which might be very beneficial for yourself and that's why you should read this blog carefully for the betterment of yourself.
How to Activate F&O Trading in Zerodha in 2023
- 07, Jul 2023
- Zerodha app usage
Introduction:
One of India's leading discount brokerage firms, Zerodha provides its users with the process of activating F&O trading in the app. And if you are a passionate about trading then you should definitely continue reading this which will be very beneficial for your trading skills.
Open a Zerodha Account:
- First of all, what you are supposed to do is you should open a Zerodha account.
- Then you just need to fill in the required details, which could be some personal details, and you are not supposed to worry about the misuse of your information because Zerodha is one of the best and most trusted brokerage apps in all of India.
- You must give your (PAN Card, Aadhaar Card, Etc.)
- Then you should completely fill out the online application which will ask you some details about you and you will also need to e-sign the documents.
- After that, you just need to complete the account verification process.
- When your application with your personal details will be filled then you will be able to receive an email from Zerodha with further instructions.
Then just follow the provided instructions to complete the verification process, which may involve e-KYC or in-person verification well nowadays you can choose whether you want to complete the verification through online or offline mode.
Login to Zerodha:
Then what you are supposed after the KYC process is that you should wait and then you will receive your Zerodha account login credentials.
Visit the Zerodha website or app and then click on "Login" to access your account.
Understanding F&O Trading:
It's essential to remember that you are supposed to familiarize yourself with the basics of F&O trading, including futures contracts, options contracts, margin requirements, and risk management strategies.
Zerodha provides its users with a lot of educational resources such as blog posts, webinars, and video tutorials, to help them understand F&O trading better.
Complete Risk Assessment:
Zerodha made it mandatory to complete a risk assessment questionnaire before activating F&O trading.
To find the risk assessment questionnaire you need to log in Zerodha account and navigate to the "Profile" section and click on it.
Sign the F&O Segment Activation Form:
- Download the F&O segment for the sole purpose of activation of the form from the Zerodha website.
- After that, you just need to print and sign the form as per the provided instruction.
- Just for reference and proof scan the signed form or take a clear photograph of that.
Upload the Activation Form:
- Log in to your Zerodha account and navigate to the "Profile" section.
- Click on "Upload Documents" and select the F&O Activation Form.
- Upload the scanned or photographed form and submit it for verification.
Upload the Activation Form:
- After you log in to your Zerodha account and navigate to the "Profile" section.
- Click on "Upload Documents" and select the F&O Activation Form.
- Upload the scanned or photograph form and submit it for verification.
Await Confirmation:
When you will be done with all the steps which the Zerodha app has asked you then you just need to wait and let Zerodha review your submitted form and process the activation request. When your review will be done and accepted by Zerodha then you will get a verification email or notification to let you know that your review is accepted by Zerodha. This review process takes some business days, so you are supposed to be patient.
Explore the F&O Trading Platform:
Once your review process will be done by Zerodha then you should navigate to the trading platform, such as Zerodha Kite, and explore the F&O trading features.
Now what you are supposed to do is that you just need to familiarize yourself with the order types, market watchlist, charts, and other tools available for F&O trading.
Start F&O Trading:
When your F&O segment is activated then you are supposed to develop a trading plan, set risk limits and gradually start placing trades based on your research and analysis.
Don't forget to keep learning and adapting your strategies to enhance your F&O trading skills.
Conclusion:
The information provided in this blog is for educational purposes only and should not be considered financial or investment advice. Trading in stocks and securities involves risks, and individuals should carefully evaluate their financial situation and consult with professionals before making any trading decisions, you can take the help of Finskool advisory service which will increase your chances of earning profit.