- Account Options
- Virtual Trading
- What is a Stock Market Game?
- Best Options Trading Simulator in 2021
- 3 Best Sites to Learn Virtual Stock Trading in India (Without Risking Your Money)
Online stock market games are simple, easy-to-use programs that imitate the real-life workings of the equities markets. Most online stock simulators try to match real-life circumstances and actual performance as much as possible. Many even charge broker fees and commissions. These charges can significantly affect an investor's bottom line, and including these in simulated trading helps users learn to factor these costs in when making purchasing decisions.
Account Options
These useful skills can be applied to an actual trading account. Of course, in the real world, there are numerous factors that affect trading and investment decisions, such as one's risk tolerance, investment horizon, investment objectives, taxation issues, need for diversification, and so on. It is impossible to take investor psychology into account because actual hard cash is not at risk. Also, while the Investopedia Stock Simulator comes close to replicating the real-life experience of trading, it does not currently offer a real-time trading environment with live prices.
However, for most users, the minute lag in trade execution will not be an impairment to their learning experience. Using real data from the markets, the trading occurs in context of a game, which can involve joining an existing game or the creation of a custom game that allows the user to configure the rules. Options, margin trading, adjustable commission rates and other choices provide a variety of ways to customize the games. From there, an easy-to-navigate menu lets users update their profiles, review holdings, trade and check their rankings, research investments and review their awards which can be earned for completing various activities.
Stock Market Game. Sign Up or Log In. Here, you do not have to spend money or buy shares. In simple words, through using Virtual Trading platforms a new investor or a trader can practice losing or winning money in the stock market by acquiring some new and different strategies. Virtual Trading is also known as Paper Trading where an investor generalizes the stock investing market, strategies, profit-loss reports, etc. The platforms that provide virtual Trading facilities are called stock simulators.
When you register on these stock simulators, you are allotted some virtual money in your account that you can spend on real-time stocks and can try different investing strategies without risking money. Several companies offer stock simulators for the future investors either free or chargeable and some provide a week or two free trials too. The imaginary money is called paper money, monopoly money, or virtual money. Virtual Trading is categorized into two types based on their work performance and their stock market supply type- financial and fantasy simulators.
Financial simulators allow a trader or a player to learn about the stock market and generate strategies or techniques by working on the Virtual Trading platforms that give access to real-time stock data and generate a sound portfolio.
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In Financial simulators, a trader or a player is given virtual money, to begin with, and have deeper insights into the investment and trading process. Perhaps, the main motive of Financial Simulators is to let individuals practice stocks by using virtual money in a real market and analyze whether and how they should invest in the stock market and which stock class should he invest to gain profit? On the contrary, fantasy simulators are quite different from financial simulators as a person actually trades in the shares and derivatives of the real world. Here in fantasy simulators, the commodities lists focus on sports or fun such as television shows, movies, games like baseball, football, etc.
If you are looking ahead to trade in options, then get the proficiency in trade with the virtual trading options apps and software.
Virtual Trading
The next challenging trading segment under derivatives is the Virtual Trading Futures. Here is how Virtual Trading software helps you in a master in the trade. There are many Virtual Trading platforms available in India where one can learn about the real stock market trends and trading principles. Due to many fake virtual training apps available in the market, it is difficult to choose the effective Virtual Training platform providing enormous facilities and tools. Moneypot: Moneypot is one of the sophisticated virtual trading apps in India.
This platform allows you to create your own strategies by buying and selling stocks or supplies from the trading screen from the real-time stock market. Moneypot contains useful information about trading and the stock market. In this Virtual Trading App, a trader is allotted virtual money after the registering process.
This platform allows the trader to buy or sell stock and execute them with ease. They also allow a trader with a cashbook where a trader can quickly analyze the cash flow.
What is a Stock Market Game?
Moneypot offers a free virtual trading platform to allow a trader to practice new strategies. The features and tools are easy to use via their desktop app. Founded in , it allows the traders to customize charts and conduct extensive research through this cloud-based Virtual trading platform. Trading View India offers one free and three paid accounts to analyze information about the current tools and features. It offers trading and investment across multiple domains such as forex, cryptocurrencies, stocks, and much more.
Trading View charts are one of the best features of this application where a trader can customize analysis, research market fluctuations, earnings calculator, and much more! MoneyBhai: Moneybhai is another popular Virtual Trading app or an investing simulation game well known for its advanced features related to stock market trends and tools.
Since it is a virtual trading app, it offers free services to the traders providing Rs 1 crore virtual cash after registration on their site. This platform offers new traders to explore the investment market and trade in different shares, commodities, mutual funds, IPOs , or NCDs. At Moneybhai, you can clear your queries or doubts or you can also participate in their discussion forums free of cost which gives a trader to know and learn about the stock market more. TrakInvest: Before you start getting your feet wet in the stock market, it is highly vital for you to try TrakInvest which is a fabulous global trading platform for beginners and advanced level traders.
Presently, it offers an organized market data along with the information and news from nearly 10 exchanges. TrakInvest is a famous and widely used Virtual Trading platform that also offers guides, videos, and certification courses for the beginners which are designed by industry experts and simulations for competing for bonuses. Overall, TrakInvest is a simple and user-friendly platform specially designed for the beginner level of the futures traders.
Dalal Street: Dalal Street is one of the competitive Virtual trading apps in India which provides an ample atmosphere to the traders, to begin with, the trading along with discussion forums and chat options. With Dalal Street, the Stock market platform, you can get multiple tools and resources, consisting of insights and information regarding the simple to complicated strategies such as equities, derivatives — future and options, commodities, currency trading, IPO, NCDs, and much more!
Just like Moneybhai, Dalal Street offers virtual cash of Rs. Stock market games are highly important games in investment or virtual trading. They allow players to trade stocks, futures, options, equity, or commodity in a virtual atmosphere or simulator atmosphere. Stock Market Simulator is a process through which instead of a Virtual Trading App or Platform, a beginner level trainer learns the trading concept and market trends through games without financial risks. In the game, generally, traders or players compete with one another in predicting the correct market trend either fall or rise for a virtual portfolio.
Multiple games follow real investment platforms along with real-time market data to allow traders or players to have a deeper understanding of the trade insights. One famous stock trading game is the Stock Market Challenge, which allows new traders virtual money of Rs. This simulator lets you place pretend trades in real-time and real market conditions with free demo teaching videos and a game master to answer your queries and doubts.
Best Options Trading Simulator in 2021
Stock Market Challenge is not limited to buying and selling stocks. You can also practice with futures, commodities, currencies, options, and other derivatives as well. The Stock Market Challenge program offered by DSIJ Pvt Ltd and BSE is a powerful tool that also features a contest annually, quarterly, monthly, weekly, and even daily so a player can calculate his performance and score better to beat rank. The second most popular game is Stock Trainer: Virtual Trading, which gives you access to real markets and their data without unnecessary ads.
Although this game is a bit more basic than the Stock Market Challenge , it offers tutorials and other educational research related to the Indian stock market to make this more about learning than earning huge profits. Another feature of Stock Trainer: Virtual Trading is that it provides stock data of the last 10 years along with giving access to free business magazines to the traders and comprehensive stock news.
3 Best Sites to Learn Virtual Stock Trading in India (Without Risking Your Money)
One of the newest trading games is TradeHero which is a Singapore based Virtual Trading game, which you can play on a mobile app too. TradeHero allows a new trader Virtual money of around Rs. TradeHero analyzes your strategies and techniques and on that basis suggests a plethora of ways to make improvisations in your trading methods. The app also lets you try forex, stocks, commodities, cryptocurrencies, etc. There are several Virtual Trading benefits that a new trader will avail while Trading without making any money and giving access to the real-time investment market.
The important key factor of Virtual trading is its ability to allow the user or the trader to work risk-free. Here, a trader does not have to worry about the risk, losses, or documentation formalities. In Virtual Trading even if a trader loses, he does not lose his real money since the platforms provide him with virtual money. No matter how big or small the loss is, this will not affect his real money and he can test and practice various strategies and techniques with real-time stocks.
Virtual Trading platforms allow him to analyze the data, his performance and give him experience throughout the stock market. The other benefit of Virtual Trading is that it allows a trader to experience real-time market stocks. Hence, this offers the trader to easily operate and learn the diverse innovative kinds of stock market orders available LIVE at different trading platforms as well as all the features and tools.
Therefore, when the trader visits a real platform he will not face difficulty in making investments or doing trades with various companies. Create customized strategies and techniques: With the help of Virtual Training, a trader can make various strategies and techniques as per his requirement. Since no real money is involved and only monetary or virtual money is allotted to the user he can test and practice on various stocks and learn them with ease.
Through Virtual Training, a user can make multiple errors and come up with a productive and effective strategy to buy or sell stocks in the real market. This helps the user to understand the register and login process in a hassle-free way. Besides this, a trader can learn numerous tips and tricks during real-time trading on a virtual trading platform and can create an approach accordingly.
A well-known phrase that is believed to be true in all spheres of life- Practice makes a man perfect. Hence, with the help of virtual trading, a trader can make innumerable mistakes and can learn through trial and error theory. Through buying or selling stocks, he can make several techniques and can learn different tools and features of investment marketing.