I wanted to use ubuntu as my OS but Indiabulls trading platform is not supporting for on line trading. Alternatively I was told that "wine" will be helpfull. Does this mean that I need to have both windows OS and UBUNTU? actually what that means?
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You don't need Windows or a Windows license to use Wine. Still, not all Windows-software is usable with wine, as it works like a mediator between Linux and the software.
I don't know this Indiabulls thingy, but you could try it.
If Wine doesn't work, you could still run it in a virtual machine like VMware or VirtualBox. That would require a Windows license and is more inconvenient as it comes with more effort in daily use.

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