PUNE: Pi42, India’s first Crypto-INR Perpetual Futures Exchange, is committed to raising awareness about crypto trading and investment among 150,000 citizens across Pune in FY25. With the rising interest in cryptocurrency investments across the city, the company endeavors to educate new-age investors about crypto derivatives trading, and the best practices that one can leverage for derivatives trading. Additionally, Pi42 aims to onboard a significant portion of these users on its platform and achieve a transaction volume of half a billion dollars from Pune by the end of FY25.

India is the largest crypto market in the world, however, Indian investors never really had an opportunity to participate in crypto derivatives trading owing to the lack of any exchange that offered derivatives trading in INR. Pi42 aims to address all these challenges by offering Indian investors a solution that not only provides a range of derivatives but also ensures compliance, tax efficiency, and convenience.

Commenting on the growth of crypto investors in Pune, Avinash Shekhar, Co-Founder and CEO, of Pi42, said, “As crypto adoption surges in Pune, Pi42 recognizes the need to create awareness among investors about the potential benefits of crypto derivatives and equip them with the knowledge and best practices for trading in crypto futures. Our aim is not only to facilitate transactions but also to empower investors with the tools and insights necessary to navigate this evolving market landscape effectively. By demystifying the complexities of crypto derivatives trading and highlighting the opportunities they present, Pi42 endeavors to foster a culture of informed decision-making among investors. Through educational initiatives and comprehensive resources, we seek to enable investors to harness the full potential of crypto derivatives, thereby contributing to the city’s growing digital asset ecosystem while mitigating associated risks.“

The exchange has received registration from The Financial Intelligence Unit (FIU), yet another key step in safeguarding the interest of the investors on its platform. It also offers an extensive array of up to 70+ live trading pairs wherein Doge, Shiba Inu, and Matic are the most actively traded crypto pairs among investors. Pi42 aims to grow as the largest compliant crypto futures platform in the world and boasts over 18000+ investors on its platform.

The growth in customer base in Pune aligns with findings from Chainalysis’ 2023 Global Crypto Adoption Index, which positioned India as the global leader in grassroots crypto adoption. Furthermore, recent reports state that Pune has witnessed a significant surge in crypto participation.

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MUMBAI: SAMCO Securities, a leading investment-tech company, in collaboration with The Womb, a renowned creative agency, proudly announces the launch of their groundbreaking series titled “Traders ka Andekha Sach.” This series aims to challenge social prejudices surrounding stock traders while shedding light on their exceptional skills and contributions to the economy. The web series, initiated under the banner of “Andekha Sach,” (Unseen Truth) is a testament to SAMCO’s commitment to uncover hidden truths and provide personalized insights into the world of trading.

Through this initiative, SAMCO Securities and The Womb aim to understand the day-to-day life of a trader, a profession often dismissed and disrespected as mere gambling. Contrary to popular belief, the series will focus on revealing the unseen truths of the traders’ profession and highlight the significant amount of science that goes into their work. By doing so, they aim to debunk myths and misconceptions surrounding trading and showcase the intricate knowledge and expertise required for success in this field.

Jimeet Modi, Founder and CEO, of SAMCO Group, remarked, “SAMCO recognizes the valuable role that a stock trader plays to aid the progress of the financial markets and the economy. Traders possess a unique set of skills, honed through years of experience and dedication. They demonstrate remarkable analytical capabilities, navigating the highs and lows of the market with poise and resilience. Moreover, traders are masters of risk management, meticulously assessing and mitigating risks to protect their investments and maximize returns. This series is our tribute to the traders & the investors“

In the first episode, the audience is introduced to Jignesh a dedicated trader navigating the complexities of the financial market in his day-to-day life. Through a blend of humor and emotion, the episode provides a candid glimpse into the challenges and triumphs Jignesh faces in his profession. As the story unfolds, Jignesh’s son, Rohan, emerges as a central figure, standing up against the societal stigma attached to his father’s occupation. Rohan’s impassioned speech serves as a turning point, challenging stereotypes and highlighting the undeniable science and analysis behind trading.

The episode masterfully captures the essence of the film’s message, portraying traders like Jignesh not as mere gamblers but as skilled professionals contributing significantly to the economy. It resonates deeply with the audience, engaging them on an emotional level while compelling them to reconsider their perceptions of the trading profession. 

Heval Patel, Head of Account Management at The Womb, highlighted the importance of changing the way India sees traders, stating, “In India, trading lacks the recognition and respect accorded to other professions. These perceptions impact different aspects of the trader’s social life – facing trouble while securing credit, finding a suitor, kid’s admissions in schools, etc. We want to change the way India sees traders. We want to show the Andekha Sach of traders.“

Suyash Khabya, Creative Head at The Womb, emphasized the emotional and satirical approach of the series, aimed at touching hearts and bringing respect and admiration for traders who fuel the economy. “With this ‘Traders ka Andekha Sach’ series, we aim to elevate the image of active traders. It’s our simple and unignorable way of bringing respect and admiration for traders,” he said.

• Credits – The Womb
• Co-Founders – Navin Talreja and Kawal Shoor
• Planning – Manisha Sain, Sneha Raina
• Creative – Suyash Khabya, Rohit Sharma, Krutant Bilakhia, Komal Sharma
• Account Management – Heval Patel, Pratik Dobriyal, Ammar Ali
• Production House – White Owl Productions
• Director –  Vishal Gupta

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You don’t even need a big team or large sums of money to make huge profits. You only need to know what binary options are, learn how to make smart trades by practicing at sites like https://www.binaryoptions.com/broker/quotex/quotex-demo-account/, and consider some factors that will boost your chances of making a lot of money.

This article will reveal everything you need to know about binary options.

Things you need to know about binary options

Binary options: what are they?

Binary options are financial instruments that turn each trade into a straightforward ‘yes’ or ‘no’ question. They are fast-paced and unique trading opportunities for people to make money with limited risks. You decide if a specific market will likely be above a particular price at a specific period/time.

If you think or believe that the market will be at that price at that time, you buy. If you believe or think otherwise, you sell.

When a trader orders a binary option contract, the trader speculates on the market instead of buying a specific market share. That price is always set between $0 and $100.

Binary options contracts generally offer highly defined, clear, and sometimes risky outcomes. The contracts are considered ‘binary’ since there can only be two possible outcomes at expiration. You will either lose that money you paid to open the trade or make predefined profits.

This makes it incredibly easier to make decisions on trading since you already know the exact amount of money you may lose if something happens to go wrong.

If the market doesn’t move against you, you will also know the precise amount of potential profits you will make. This makes binary options a fascinating but controlled way of trading.

• How binary options work

Here are the three vital elements that make up a binary option contract:

Underlying market

This refers to the specific market you decide to trade. This could be forex, commodities, stock indices, and events.

Strike price

This is the most crucial price level. The strike price is key to the binary option deciding process. To place a specific trade, you need to decide if you think or believe the underlying market, highlighted previously, will be below or above the strike.

Expiration time and date

Traders can trade binary options contracts that last up to one week. Trading duration can even be as short as five minutes.

When speculating with binary options contracts, four markets are in play:

• Stock indices
• Forex
• Commodities
• Events

Binary options contracts are available night and day. Binary options trading offers an opportunity for people from all walks of life and different levels of experience to explore and make money.

Making smart or shrewd binary options trades

Binary options have a low entry level which attracts tons of casual investors. You can create a binary options account on a chosen platform, invest just $10, and start trading within 10 minutes.

However, many of the casual investors that troop to trade on binary options platforms lose a lot of their money very quickly. This is mostly because they lack in-depth knowledge of the currency changes in the price of commodities and stocks.

To make long-term profits via binary options, you should consider some factors before making every trade.

Many binary options platforms offer comparatively high potential returns, up to and above 60 percent. This is because most investors lose a lot of their money. A regulated platform is essential to know the exact percentage of losing investors.

You can usually find this vital information on the trading platform’s homepage. In some instances, some of the money that some traders lose is used to pay investors that win.

Factors you must keep in mind to win trades

Here are some factors every trader should keep in mind:

Get the right/ideal information

A renowned theoretical physicist once said that if you stop learning, you start dying. This is true when it comes to the world’s dynamic economy. Don’t stop learning; even Warren Buffet and other global top investors always learn.

A particular event in one country can significantly impact the price of a specific commodity in another country. Therefore, find and utilize several online tools that will keep you updated on the goings-on around the world.

Trade binary options on the right trading platform

Many binary options trading platforms are not properly regulated. Using such a platform leaves you unprotected if a dispute ensues. Don’t be part of the statistics of horror stories of traders losing large sums of their hard-earned money through none of their single faults.

Moreover, some trading platforms are far easier to navigate than others. This makes them perfect for newbie traders or those trying to trade for the first time.

Suppose you want to trade binary options and make good money most of the time. In that case, you need to develop a quick, high-level thinking ability. You need this ability if you don’t want to miss out on profitable trades.

Use platforms with demo account functionalities. This helps you develop and hone your trading strategy.

• Manage your investment/money strategy

Binary options, just like forex, will make you lots of money quickly or within a short period. But you can also lose lots of your hard-earned money just as fast.

You can avoid such scenarios by making only data-backed trades, including managing all your money prudently. You should only take trades with money you can afford and are willing to lose.

If you ignore this simple advice, you will get into the rat race of chasing your losses. This is even more dangerous as you will no longer make calculated decisions. Your trading patterns will be akin to that of an unrepentant gambling addict.

Conclusion

Binary options contracts offer people fast-paced and unique trading opportunities to make money with limited risks. These contracts are perfect for traders with different experience levels, newbies, or veterans.

To make good money and manage your risk efficiently, ensure you stick to your trading plan. This will protect you from risking too much of your capital and losing much more than you can ordinarily afford.

Photo by Avinash Kumar on Unsplash

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During the seminar, FBS’s experts spoke about the role of income source diversification and leveraging principles to achieve financial goals. Attendees also had the opportunity to improve their knowledge of financial markets, Forex, CFD trading, risk management tactics, and financial market analysis, which are equally crucial for novice and experienced traders.

FBS’s unique approach to equipping traders with relevant trading tools and knowledge was evident throughout the seminar. The event was full of insights and free of charge, with a dynamic and interactive atmosphere created by FBS. Attendees had the opportunity to participate in giveaways and raffles, where lucky traders won an iPhone, bonus coupons for trading, and FBS merchandise kits.

“I was absolutely impressed with the quality of content and the speakers’ presentation skills. FBS’s commitment to transparency was evident throughout the seminar. I will use my lucky coupon to test the strategies covered at the event,” said Akeem Richard Ailoje, trader and FBS seminar guest.

Diego Lima, FBS Business Development Lead in the African Region, said, “Running our trading seminars in Nigeria, FBS follows our mission to create opportunities for traders worldwide, helping them enhance their knowledge and skills. The success of this seminar in Lagos inspires FBS to continue providing our traders with the tools and resources they need to succeed in the financial markets. We look forward to seeing even more participants in the future.”

FBS is steadily developing as one of the market’s most trusted brokers, with its traders numbering more than 27,000,000 and its partners exceeding 500,000 around the globe. FBS is also the Official Partner of Leicester City Football Club.

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