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3 Best Sites to Learn Virtual Stock Trading in India


Greatest Websites to Study Digital Inventory Buying and selling in India (Paper buying and selling): Coming into the Indian inventory market is usually a tedious job for learners. First, that you must open your brokerage account (demat and buying and selling account). Which means it’s important to pay the account opening expenses and undergo the complicated documentation course of. Additional, as inventory market buying and selling entails market danger, you possibly can all the time lose some cash— particularly, you’re a newbie.

So, clear up this drawback? How you can Study inventory buying and selling in India with out really risking any cash. The reply is by utilizing digital inventory buying and selling platforms.

On this publish, we’re going to talk about use digital inventory buying and selling platforms in India. It’s going to be an thrilling publish. Subsequently, with out losing any time, let’s get began. Listed here are the subjects that we’ll cowl at present:

1. What’s Digital Inventory Buying and selling?

A digital inventory buying and selling (also called paper buying and selling) is much like the precise buying and selling the place you should buy and promote shares. Nevertheless, right here no actual cash is concerned. You make investments solely in digital cash. Such platforms that present digital buying and selling services are referred to as inventory simulators.

Zerodha demat account

Whenever you register in these inventory simulators, you’ll get digital cash (Say Rs 10 lakhs or 1 Crore) in your account. You should use this cash to follow buying and selling.

Inventory simulators present real-time inventory information, which implies that you could check out totally different methods of buying and selling in shares similar to the true world inventory market, however risk-free.


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Additionally learn: 7 Must Know Websites for Indian Stock Market Investors.

2. How do digital inventory buying and selling platforms work?

It’s a extremely easy course of to make use of a inventory simulator to do the digital inventory buying and selling. Listed here are the steps required to begin digital inventory buying and selling in India-

  1. Open a free account (utilizing your email-id) on a simulating platform (mentioned under).
  2. Get immediate digital cash in your account.
  3. Begin shopping for/promoting shares like actual buying and selling eventualities.
  4. Monitor your portfolio and observe revenue/loss.
  5. Strive totally different methods and study the buying and selling fundamentals.
  6. Whenever you get sufficient confidence and experience- transfer to actual buying and selling.

3. What are the professionals and cons of utilizing the digital buying and selling platform?

Nothing is ideal on this world. Though there are lots of benefits of utilizing digital buying and selling platforms (particularly for learners), nonetheless, there are additionally a number of disadvantages. Let’s talk about them- one after the other:

— Benefits of utilizing Digital inventory buying and selling platforms

  1. No have to open a demat/buying and selling account or undergo any documentation course of.
  2. No actual cash is required to begin digital buying and selling.
  3. Actual-time market eventualities to check out totally different methods and to study the fundamentals.
  4. Threat-free buying and selling follow.
  5. Okay to make errors and take dangers as there’s no actual loss right here.

— Disadvantages of utilizing digital inventory buying and selling platforms

  1. There’s no emotional attachment as actual cash is just not concerned. 
  2. You possibly can shortly get bored as profitable/shedding digital cash is just not a lot thrilling.
  3. The true market state of affairs could be slightly totally different than the digital buying and selling setting. (Within the digital buying and selling platforms, contributors take further dangers and bets than they’d really absorb an actual state of affairs.)

Additionally learn: 7 Best Stock Market Apps that Makes Stock Research 10x Easier.

#5 Greatest websites to study digital inventory buying and selling in India.

1. Moneybhai

moneybhai virtual stock trading website

Moneycontrol web site affords Moneybhai. It’s a free digital buying and selling platform the place you’ll get Rs 1 crore digital money on registration which you need to use to put money into shares, commodities, mutual funds, or mounted deposits on the platform.

At Moneybhai, you can even compete with fellow Indian merchants by becoming a member of totally different leagues. There’s additionally a free discussion board on this web site the place you possibly can ask your queries or take part within the on-going dialogue threads.

2. Buying and selling View

tradingview virtual stock trading app india

TradingView is one other fashionable digital inventory buying and selling web site/app in India. It is among the greatest paper buying and selling web sites by way of the services it supplies like charts, technical instruments are extra. Customers can join free and hook up with Paper buying and selling to begin digital buying and selling.

For the budding merchants, who wish to follow dwell candlestick charts or technical indicators instrument to make their trades, they need to undoubtedly check out Tradingview paper buying and selling.

3. TrakInvest

TRAK INVEST - Virtual Stock Trading in India

TradingView is a world buying and selling platform that lets you study, develop and enhance your investing abilities. At present, it supplies curated market information and information from 10 exchanges. It additionally affords learners’ guides and movies, certification programs designed by business consultants and simulations for competing for rewards.

At TrakInvest, you can even observe different merchants and dig deeper into their buying and selling exercise (portfolio) the place you possibly can replicate their trades utilizing the ‘Copy Commerce’ facility. Total, TrakInvest supplies a easy and pleasant platform for ‘Social’ digital buying and selling for learners.

4. Dalal Avenue

DSIJ Virtual Stock Trading in India

Dalal Street Investment Journal (DSIJ) fashionable digital inventory buying and selling platform in India which lets you perceive the totally different buying and selling nuances and to check your funding methods.

On registration, you’ll get digital money of Rs 1,000,0000 to create your portfolio. At DSIJ, you can even talk about methods with like-minded contributors within the dialogue group.

New to shares? Confused the place to start?  Right here’s an incredible on-line course for learners: ‘HOW TO PICK WINNING STOCKS?‘ This course is at the moment accessible at a reduction. 

5. Moneypot

moneypot virtual trading india

Moneypot is among the most interesting digital buying and selling simulators for the Indian inventory market, providing buyers, college students, and even companies the chance to review the basics of the inventory market. It’s a enjoyable and useful inventory market simulation recreation that you could be play on the web. Moneypot is a social buying and selling platform that makes an attempt to unite a web based investing neighborhood.

This can be very easy to affix up and register. Merely go to the web site, search for the registration icon within the higher proper nook, click on it, and also you’ll be able to play the sport. You’ll obtain 2 lakh digital forex after signing up, which you will use to commerce and put money into shares, bonds, mutual funds, and different commodities.

Bonus: Different Common Digital Inventory Buying and selling Platforms

Bonus #1: Investopedia inventory simulator

investopedia virtual trading

That is my favourite inventory simulator.

Investopedia supplies a FREE inventory simulation platform the place you possibly can simply learn to place commerce orders (like market order, restrict order, cease loss, and many others), create a portfolio, create a watchlist and extra. On registration, you’ll get $100,000 as digital money which you need to use to commerce. It’s also possible to compete with hundreds of Investopedia merchants/gamers on the identical platform.

The explanation why I didn’t place this platform within the prime 5 is that you simply can not commerce in Indian shares on the Investopedia inventory simulator. Subsequently, for those who’re trying to study digital inventory buying and selling in India, then it may not be an excellent possibility. Nevertheless, if you’re snug with buying and selling in overseas shares like Apple, Google, Amazon, and many others, then be happy to take a look at this simulating platform.

Bonus #2: Market Watch

market watch virtual trading

Market Watch is yet one more glorious platform that enlightens you on the basics of the inventory market whereas additionally permitting you to see a real-time expertise. Probably the most interesting facets of this platform is the power to each develop and play pre-existing video games. 

Angel broking free demat account

This digital inventory buying and selling recreation will educate you all that you must know in regards to the inventory market. After a number of days of utilizing this platform, you’ll have a greater understanding of all of the vital elements that you must know earlier than shopping for and promoting shares with actual cash.

Closing Ideas on Digital Buying and selling

On this article, we mentioned the most effective digital inventory buying and selling web sites in India, the place you possibly can consider your investing and buying and selling abilities for FREE with out risking any cash and with the least documentation required.

Digital inventory buying and selling in India is a wonderful method to study the fundamentals of buying and selling within the inventory market. Utilizing these platforms, you possibly can strive totally different funding/buying and selling methods with none concern of shedding your actual cash. It’s all the time advisable to strive paper buying and selling (digital inventory buying and selling) for a number of weeks earlier than instantly leaping into the market.

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