Virtual Trading or Paper Trading is quite useful for beginners entering the stock market. As the name suggests, virtual trading allows to trade on real markets but only using virtual money. Even veteran traders use paper trading to test their trading strategies in live market condition. The intent of this post is to introduce some of the most popular Virtual Trading Platforms in India.
And surprisingly, some of these offer rewards too if you consistently perform in your trading. Check out our reviews on the best 3 virtual trading platforms in India below:. The interface is very similar to Nest Interface, so you would have a real experience of trading if you are a absolute beginner.
All the order placed would be executed at prices of live market. Initially you would be given 20 Lakhs to play around with, not bad right? Moneybhai from Moneycontrol offers 1 Crore virtual cash for investing in shares, commodities, mutual funds, or fixed deposits.
It is a virtual Stock Trading game where you would also be rewarded based on your performance and final corpus. All the services are free with no hidden conditions. There are also tutorials in the website which would help to get upto speed on trading and investment terminologies. You can create a trading league to compete against other players. The website has a very modern interface and used by millions of traders across India. Moneycontrol is already a reputed website already reviewed in our article Top 5 Stock Market Apps for your smartphone.
ChartMantra is a gaming cum learning platform for Technical Analysis. In this virtual game, you can learn the basics of technical analysis and apply it on historic markets. You would be given an initial corpus of 1 lakh rupees and the objective of the game is to make as much as money you can and go to the top of rank.
All transactions involve a brokerage cost of 0. You can also specify your stop loss just like the real trading. ChartMantra is really very useful for all technical analysis enthusiasts. There are many other virtual trading platforms in India but we recommend to give a try to the above 3 first as they are most authentic and popular. In real trading, there are psychological emotions involved which needs to be controlled for long term success.