Predicting the future is by no way an easy job. It demands significant education, creativity, and wisdom. In capital markets, investors seek to look into the future by trading in derivatives. Ever since its launch in June 2000 on the National Stock Exchange (NSE), the risky yet rewarding form of trading has gained quick popularity in India. Here is a Pagal's guide to trading in the world of F&O, risks associated with them and precautions a first-time investor must take. You, as an Investor might not estimate the mood of the markets perfectly. However, the trading in futures and Options endows you with that extra edge.