Okay. Thanks all for your replies. Now I have decided to connect the speakers and receiver by using banana plugs. I am having yamaha rxv 583 and polk signature series speakers. So, could you please tell me what is the procedure to follow to get this done.
Edit:
One more thing, while taking out the insulation, sometimes the strands breaks. so will it make any difference to the sound quality? That is why I want to go with banana plugs.
Thanks,
Jitendra