hElLO tRaDeR,
FO as in FnO will mean Trading in FUTURES and OPTIONS contracts.
It is the new age method of Trading in derivatives (rights and obligations to buy or sell) of Stocks and Commodities instead of the underlying asset.
As the name itself suggests, it is designed to look complicated to the layman, but once you connect the dots it is as easy and much more meaningful than stock trading.
This is where the big money is made very quickly and lost if the risk is not properly managed.
Advantages:
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Lower STT charges.
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Favorable Risk to Reward Ratio for traders.
To start trading in FnO , you need to get this segment activated on your trading account,
If you are a beginner, this is the next step after you gain sufficient market awareness from trading in stocks.