How to Buy Futures in Angel Broking App: A Comprehensive Guide

Welcome to the world of futures trading—a dynamic arena where you can leverage market movements for potential gains. Whether you’re a seasoned investor or just beginning, understanding how to buy futures through the Angel Broking app can open doors to new financial opportunities. Let’s dive into a step-by-step guide that will make this process both clear and actionable.

1. Getting Started with Angel Broking App

Before you can start trading futures, you need to ensure that you have everything in place:

1. Download and Install the Angel Broking App: The app is available for both Android and iOS devices. Search for "Angel Broking" in your device’s app store, download, and install it.

2. Create an Account: Open the app and sign up using your mobile number. You’ll receive an OTP to verify your number. Complete the registration process by providing necessary KYC (Know Your Customer) details.

3. Login: After your account is set up, log in using your credentials.

2. Fund Your Trading Account

To trade futures, you need to have a funded trading account. Here’s how to do it:

1. Navigate to the 'Funds' Section: In the app, go to the funds section which is typically available in the main menu.

2. Add Funds: Select the option to add funds. You can transfer money from your bank account to your trading account through various methods like NEFT, RTGS, or IMPS.

3. Verify Transactions: Ensure that your funds have been successfully credited to your trading account by checking the balance in the app.

3. Understanding Futures Contracts

Before diving into the buying process, familiarize yourself with what futures contracts entail:

1. Definition: A futures contract is a standardized agreement to buy or sell a specific quantity of an asset at a predetermined price on a specified future date.

2. Leverage: Futures trading often involves leverage, meaning you can control a large position with a relatively small amount of capital. However, this also increases risk.

3. Expiration Dates: Futures contracts have expiration dates, and you must either settle the contract or roll over to a new contract before it expires.

4. Finding and Selecting Futures Contracts

1. Search for Contracts: In the Angel Broking app, go to the 'Markets' section. Use the search functionality to find futures contracts related to stocks, indices, or commodities.

2. Analyze Contracts: Review the details of the futures contracts available, including the underlying asset, contract size, and expiration date.

3. Select the Contract: Choose the contract that aligns with your trading strategy and goals.

5. Placing a Futures Trade

1. Go to the 'Trade' Section: In the app, navigate to the trading section where you can place buy and sell orders.

2. Select 'Futures': Choose the futures trading option from the available trading instruments.

3. Enter Trade Details: Input the details of the contract you wish to trade, including the quantity and price.

4. Review and Confirm: Check all details of your order. Confirm the trade to execute your buy order.

6. Monitoring Your Futures Positions

1. Track Performance: After placing your trade, monitor your positions in the 'Portfolio' section of the app. Keep an eye on price movements and other relevant metrics.

2. Set Alerts: Use the app’s alert feature to get notified about significant price changes or other critical events.

3. Manage Risks: Consider setting stop-loss and take-profit orders to manage your risk effectively.

7. Closing Your Futures Position

1. Review Position: Evaluate your current position and decide whether to close it based on market conditions.

2. Place a Sell Order: Go to the trading section and place a sell order for the futures contract you hold. Ensure you provide the correct details and confirm the order.

3. Check Settlement: Confirm that the position has been closed and check the final settlement in your trading account.

8. Tips for Successful Futures Trading

1. Educate Yourself: Continuously educate yourself about market trends, strategies, and risk management.

2. Practice with a Demo Account: If available, use a demo account to practice trading without real money to build your confidence.

3. Stay Updated: Keep track of market news and events that can impact futures prices.

4. Diversify: Don’t put all your funds into a single futures contract. Diversify to manage risk effectively.

9. Troubleshooting Common Issues

1. Order Rejections: If your order is rejected, check if there are issues with your account balance or if the contract details are correct.

2. Technical Glitches: Contact Angel Broking support if you experience technical issues with the app.

3. Misunderstanding Futures: Revisit educational resources or consult with a financial advisor if you need clarification on futures trading concepts.

10. Conclusion

Trading futures on the Angel Broking app can be a powerful way to engage with financial markets and potentially increase your investment returns. By following these steps, you can start trading futures with confidence. Remember to approach futures trading with a well-thought-out strategy, continuous learning, and effective risk management.