Beginner Q&A on Stock Market

[Natraj]

Thanks >Take for this thread
Can anyone answers the below questions:-
1. What is Short?

2. What is Position?

[CONFUSED]

1. What is Short?

To understand this first look at Long, Long is when you have bought a stock, when you think that the stock would move upward. While Short is when you have sold a stock(even if you dont own it), when you think that the stock would move downward.
You cannot carry stock short beyond intraday, but can carry short position in futures and options.

2. What is Position?

When you buy and sell a stock you are having a 'position' in those stocks. Either long or short.

[CONFUSED]

You will get answers of your queries online on ICICIDirect -
http://content.icicidirect.com/learn.../coursemap.htm

[tigershark]

You will get answers of your queries online on ICICIDirect -
http://content.icicidirect.com/learn.../coursemap.htm

Thanks Confused for the Link
I have one query -
What is square off?

[Sumant]

I have two basic questions. Please answer when you have time -
What are Futures?
How they are different from shares?

Thanks in advance!

[Expert]

What are Futures?

A 'Future' is a contract to buy or sell the underlying asset for a specific price at a pre-determined time. If you buy a futures contract, it means that you promise to pay the price of the asset at a specified time. If you sell a future, you effectively make a promise to transfer the asset to the buyer of the future at a specified price at a particular time.

[CopyCat]

What are Options contracts?

[>take]

ASBA (Application Supported by Blocked Amounts) is a process developed by the Securities and Exchange Board Of India (SEBI) for applying to IPO. In ASBA, an IPO applicant's account doesn't get debited until shares are alloted to him/her.

[Sumant]

What is the difference between NSE and BSE?
Can a company's shares be listed in both NSE and BSE?
Which market is more profitable to invest in?

[MTG]

What are Futures?

Futures : Futures are a contract wherein you have to buy a specified share at a specified price on a specified date. It is compulsory to buy the share on that particular date.