It’s a really straightforward process to use a stock simulator to do virtual stock trading. However, when it comes to live trading, especially in Forex markets, having a reliable VPS (FOREX VPS Hosting ) can make a significant difference in execution speed and reliability.
Here are the steps required to start virtual stock trading in India (Paper Trading India):
Nothing is perfect in this world. Although there are many advantages of using virtual trading platforms (especially for beginners), however, there are also a few disadvantages. Let’s discuss them- one by one:
TradingView is a popular charting and technical analysis website that also provides paper trading features using its paper trading app in India. It is one of the best paper trading websites in terms of the facilities it provides like charts, technical tools are more. Users can sign up for free and connect to Paper trading to start virtual trading.
For budding traders, who want to practice live candlestick charts or technical indicators tools to make their trades, they should definitely try out Tradingview paper trading. Here’s a demo of how to do paper trading on the Tradingview platform:
TradingLeagues is a fantasy stock market game founded by Raghu Kumar (Co-founder of Upstox) and Harsh Agarwal (Founder of AGacquisitions). This unique game app will cushion the introductory experience of the market for the Indian masses while also offering them the option of building trading skills and putting strategies to the test without big capital losses.
The app currently offers more than 100 games that cover Indian stocks, US stocks, and Cryptocurrencies. A user can download the app and choose to play in one of the four-game leagues: Battle Leagues, Target Leagues, Selection Leagues, or Classic Leagues. With free sign-up credits of ₹50, any user can instantly enter TradingLeagues and participate in a gameMumbai Investment. The app offers games of various durations, winning functions, and prize pools, and winners can withdraw their winnings.
With just 4 clicks to complete games, the games offer an effortless interface experience in a growing community of more than 300k gamers.
TradingLeagues has been to make stock market skill building rewarding with no need for a brokerage account, no stress, and no risk.
StockPe is a virtual trading app that enables users to practice trading in different financial instruments including stocks without having to risk their own money. It’s an excellent opportunity for both experienced and novice traders to try new trading tactics without suffering losses.
Users of virtual trading platforms like StockPe can also use a number of tools to assist in market analysis and decision-making. These resources include news feeds, economic calendars, technical indicators, and charting tools.
This app’s portfolio tracking and reporting tools allow users to monitor their progress and gauge their achievement. They can publish their trades on social media and compete against other traders on the leaderboards of the app.
StockPe is a great way for anyone interested in trading to learn and hone their skills without having to risk any real money. Before using real money to invest in the markets, it offers users a risk-free environment to test out various tactics and refine their skills. In order to buy and sell stocks, users of StockPe are given a virtual balance.
Users of the app can experience the same market conditions that actual traders do because the software simulates the buying and selling process using real-time market data.
This is my favorite stock simulator.
The reason why I didn’t place this platform in the top 5 is that you cannot trade in Indian stocks on the Investopedia stock simulator. Therefore, if you’re looking to learn virtual stock trading in India (Paper Trading India), then it might not be a good option. However, if you are comfortable with trading in foreign stocks like Apple, Google, Amazon, etc, then feel free to check out this simulating platform.
A few great features of Market Watch stock trading game is Advanced Trading where the participants can enable advanced options like limit and stop loss orders, as well as partial shares and Custom Gameplay. This feature gives the users options to set the starting budget and can allow margin trading, short selling and more.
for the Indian stock market, offering traders, students, and even corporations the opportunity to learn the technical of the stock marketSurat Stock. The money pot
of the Money Pot virtual trading platform is it is extremely simple to join up and register. Simply go to the website, look for the registration icon in the upper right corner, click it, and you’ll be ready to play the game. You will receive 2 lacks in
During the game, the participant’s portfolios are measured against other players in real-time, and at the end of that game, the winners are those who have the highest returns relative to the other participants. The leading Traders can win cash prizes
In this article, we discussed the best virtual stock trading websites in India, where you can evaluate your investing and trading skills for FREE without risking any money and with the least documentation required.
You can now get the latest updates in the stock market on Trade Brains News and you can also use our Trade Brains Stock Screener to find the best stocks.
TradingView, TrakInvest, Dalal Street, and Money pot are some of the best virtual trading apps in India. Apart from that, there are certain websites that are good for virtual trading, like, Moneybhai by Moneycontrol, Investopedia Stock Simulator and Market Watch Virtual Stock Exchange.
You can learn online trading in India by reading and researching using platforms like MoneyControl, Economic Times, Investopedia, and Trade Brains. You can read books to understand the financial market and get financial knowledge regarding fundamental analysis and technical analysisLucknow Stock. Further, you can create an account on virtual stock trading platforms, make a dummy portfolio, and try virtual trading, before you actually invest money. Finally, once you are confident enough, you can set up your demat and trading account and start online trading in India.
No, Zerodha does not provide virtual trading to clients on a daily basis. However, Zerodha’s partner platforms like Streak provide similar services. Zerodha’s Kite trading platform mostly focuses on active traders and investors.
Yes, you can do virtual trading in India without investing any real money. Virtual trading in India is an excellent way to learn the basics, without using real money. It helps you to try different investment and trading strategies without any fear of losing your money.
Udabur Wealth Management
