5 Free Simulation tools to learn Stock Market Trading
You have often seen this ticker on News Channels
And also these signs
Like other sub domain of Finance, Stock Market is full of numbers. SENSEX, NIFTY, Stock Price, Opening Price, Closing Price & many other benchmarks, all are extremely confusing. But as a Finance student it is desirable to understand how these numbers are derived. To be able to analyze these stock market indices & stock prices, it is recommended to understand the in & out of the market by acting as a trader. In depth knowledge of this ecosystem offers job opportunities such as Equity Analysts, Investment Portfolio Manager, Investment Advisor etc.
In order to trade in stock markets, demat account is mandatory. This account is required to hold the stock (shares, securities) electronically. But, in order to encourage prospective & current individual investors & students to learn the basics of stock market trading in a real environment without the requirement of real money , country’s pioneer stock markets Bombay Stock Exchange (BSE) & National Stock Exchange (NSE) offers stimulation platforms. Through these platforms, virtual trading can be done using real time market scenario. Business platforms like Money Control & Private Banks like ICICI also offer similar platforms along with few other players. Below are the platforms widely used for virtual trading. Take a look
NSE Paathshala – National Stock Exchange (NSE) has launched its virtual trading cum education platform for the investors called as “NSE Paathshala” that simulates live market prices.
This platform is free & upon a simple registration, each user has been given a virtual cash of 5,00,000 (INR) to trade. Users can place orders in three segments Equity, Derivatives & Currency Derivatives
Dalal Street Investment Journal – Bombay Stock Exchange (BSE) operates the stock market challenge which is a trading game where users can create and manage their own investment portfolio and compete with other players in a risk-free environment.
This is a powerful tool for building skill, evaluating and tuning strategy, and gaining important investing experience. Stock Market Challenge is free and easy to use.
3 Money Bhai – One of India’s largest virtual trading platform powered by Business News publisher Money Control (A Network 18 Group Company). Upon a simple registration, each user has been given a virtual currency of Rs 1 crore for investing in shares, commodities, mutual funds, or fixed deposits.
Virtual Stocks – Virtual Stocks as the name suggests is a stock investing / trading platform using virtual money in a simulated environment. This platform is offered by ICICIdirect Centre for Financial Learning. Virtual Stocks allow users to invest / trade in stocks in almost live environment with no exposure to the risks of live markets. Each user will be allotted a virtual limit of Rs. 15 Lacs to start. Further, any surplus (profits) generated by you will be added to this limit and similarly losses incurred will be deducted
Money Pot – Money Pot provides a scalable virtual trading platform for colleges and university students, corporates & investors. Users get Rs 2 Million virtual cash in their account for trading. Money Pot also allows users to socialize with the investor community and discuss investment strategies with other traders