Heding Speculation

Podcast Duration: 06:32
नमस्कार मित्रों। एंजेल वन के इस podcast में आपका स्वागत है ।

Stock market ke bare me kai baate sun ne me aati hai. Koi kehta hai ye ek jua hai, to kisi ke lie ye paisa kamane ka smart tareeka. Many manufacturers also use it to minimise the risk on the raw material that they purchase to manufacture end products.

Aap ko lag raha hoga ki stock markets ko itne saare goals ke lie kaise use kia ja sakta hai. Stock market has various segments and a number of products are traded in the market.

Depending on the product and the segment, you can use the stock market to speculate or for hedging. Ab aap soch rahe honge ki ye speculation or hedging kya hota hai.

Aj hum is podcast me speculation aur hedging ke bare me samjhenege. Ye dono kya hote hai aur inke beech kya fark hota hai.

Agar aap stock market me invest karte hai ya fir koi bhi aisa kaam karte hai jisme commodities ki zarurate padti hai, to shayad aap hedging ka naam sune honge.

There are certain risks associated with stock market investments and hedging is the technique to mitigate the risk. Kisi bhi share ka price fluctuate karta rehta hai.

Maan lijie, aap Reliance ke 100 shares kharide. Ap uska price upar bhi ja sakta hai aur niche bhi. No one invests to lose his/her money. Naturally, you would also want the Reliance’s share price to increase.

Lekin daam badhega iski koi guarantee nahi hai, but uske girne pe loss na ho ye hedging se possible hai. Hedge kare ke aap kisi bhi asset ke price se judi instability ko khatam ar sakte hai.

Hedging is used in equal measures by equity investors, commodity traders and manufacturers.

Dosto, hedging to samjh aa gaya hoga. Magar ye speculation kya hota hai?

Ek asset ke price movement se profit kamane ki koshish ko speculation kehte hai. Shares ke price har second badalte rehte hai. Ek speculator trend samajhne ki koshish karta hai and ek educated guess ke basis pe decision leta hai.

Hedging and speculation ka matlab to samajh aa gaya, chaliye ab dono ke beech ka antar samajhte hai. Ise asaan banae ke lie points me samjhenge.

Let us start with the objective of the exercise. Hedging loss ke risk ko khatam karne ke lie kiya jata hai. Hedging ka aim profit kamana nahi hai. Ye sirf aapke position ki value protect karta hai.

When you take an opposite position in the futures market, the loss or profit in the spot market gets cancelled by the position in the futures market. Hedging aapke investment decision ka impact neutralise kar deta hai.

The objective of speculation is completely different from hedging. Speculation is purely driven by the intention of earning a profit. Speculation ek calculated decision hota hai. Agar price badhne ka chance hota hai to speculators long position le lete hai and agar ghatne ka to short karte hai.

Speculation systematic nahi hota and most of time it is dependent on news or information. But sirf most of the time. Not always. Traders pair trading, swing trading and margin trading jaisi kai techniques ka use kar ke bhi speculate karte hai.

The core of speculation is determining a trajectory and these techniques help in doing it. Yahi techniques and strategies speculation and hedging ke beech dusra difference hai.

Hedge karne ki apni stratgeis hoti hai. Single stock hedging sabse common strategy hai. Isme aapko futures market me same value ka opposite position lena hota hai. Ek example se samajhte hai. Suppose aap Dabur ke 100 shares lete hai Rs 200 per share ke hisab se.

Ab do cheezo pe dhyan de. Dabur ke shares Rs 200 se upar bhi ja sakte hai aur niche bhi. Dusra ye ki zyadatar logo ki tarah aap bhi spot market me long position hi lie honge. Having a long position means you expect the share price to rise in the future.

Agar aapko apni investment ka risk hedge karna hai to futures market me same quantity me Dabur ke shares short kar dijie. Same value ke opposite positions in the spot and the futures market ensures a no profit, no loss scenario for the investment.

Agar aapke paas multiple stocks ka portfolio hai, to aapko beta hedging strategy use karni padegi. In a nutshell, the strategies for speculation and hedging are different.

Just like strategies and objectives, the risk and reward for hedging and speculation vary widely. Speculation is highly risky, while hedging is the exercise of reducing the risk.

Aapne ek kahawat suni hogi, “Higher the risk, higher is the reward.” Speculation me risk zyada hot hai, naturally, reward bhi zada bada hota hai. Agar bet sahi prove ho jae, to speculative trade me acha munafa ho sakta hai. Magar ye yaad rakha bhi zaroori hai ki kaafi nuksan bhi ho sakta hai.

Agar monetary reward ki baat kare to hedging me profit kam hi hota hai. Hedging ka maksad profit kamana hai nahi, balki loss ka risk khatam karna hota hai. Generally, hedging me na profit na loss hota hai.

Ek aakhri difference ki baat ki jae. The impact of hedging and speculation. Speculation is based on information and news and can lead to irrationality in the market. Excessive speculation se bubble bhi form ho skat hai, jiska poore market pe gehra asar hota hai.

On the other hand, hedging has minimal or no negative impact on the market. Hedging ka ek specific objective hai, jo asani se poora ho jata hai.

Is podcast ke baad hedging aur speculation ke beech ka difference samajh aa gaya hoga. But dono me se koi bhi activity bina proper research ke karna advisable nahi hai.