Hey, Buddy Your most welcome here, Your all doubts regarding Virtual Stock Trading and the best ways to learn it, the Best sites to learn Virtual Stock Trading will be dismissed after a thorough read of this post.
So just take a deep breath and start your read.
What is Virtual Stock Trading
“One line explanation: Virtual Stock Trading is like playing a test/training match before going to the actual match.”
Virtual Stock Trading is also known as Paper Trading. It is a platform made to check your investing capabilities. The only difference is of technology and only technology. The work a few years back done by pen and paper know as Paper Trading is Now can be done online on websites and Apps known as Virtual Trading.
In Virtual Stock Trading we get a huge amount of money say 1 crore and we can freely use that money to invest in any company’s stocks just Virtually.
So by virtual stock trading or paper trading, we can check that if we invested our hard-earned real money in any venture’s stock what are the results of that now at present and what amount we left with.
Benefits of Virtual Stock Trading
- Beginners can learn: It is far better to learn Wrestling and training before directly going and doing wrestling that will not be very good for your bones. So same with trading you can save a lot of your hard-earned money just by trying your capabilities on virtual trading apps or paper trading.
- Better than theory: Our minds learn much faster than theory while we do things practically. So it is better to learn by doing than just reading how to invest, where to invest Your all such questions will be solved very easily just when you start investing in Virtual Stock Trading Platforms.
- Practical Insights: You can easily get to know what is working and what not by making good write-downs of your experiences You can easily get to know where to invest and when to invest when to withdraw money back and when not, You can easily know which kind of industries will give you a return and what kind will cause you a huge amount of loss.
- No Formalities: There are no such formalities as opening a Demat account, updating your very personal details like an adhaar card, or PAN card. You can try a real like trading without even providing your privacy to the owners of the website or app.
- Track Results: You can easily track your profits or losses by trading on the home page of your account in most of the apps and websites.
- Unlimited money: In most of the platforms or websites or apps you get money in your account around 1 Crore which is more than enough for any testing or learning purpose.
If 1 Crore is not enough for you can just make a new account and most of the Websites have reset buttons so, just by clicking there you can start from a new 1 Cr. There are a lot more benefits of Virtual trading You will definitely get to know all those while you do it yourself.
So I am not going to waste your time and making this article as long as unreadable.
Limitations of Virtual Stock Trading
- Lack of Emotions: In virtual stock trading we don’t have any kind of emotions in it we don’t have read and we don’t have fear of losses but in actual life, the scenario is totally different.
Actually while trading in reality we have to fear losses and be greedy to get profits so virtual stock trading or paper trading has a lack of emotions
- Unnecessary Confidence: While getting some amount of profit say 1 lakh or 2 lakh we think that we are the KING in the stocks industry and no one can beat us but that totally wrong, We get that 2 lakhs profit by 1 crore of the total amount.
So don’t start over-investing your hard-earned money just by seeing your virtual stock trading results it’s all about to be patient always in real-life trading so take it seriously and otherwise you might end up paying high brokerage.
- Unlimited Money: Unlimited money is in the benefits section but if you take it wrongly it will be a limitation.
You never be worried about money problem because you have enough money that you can anytime buy or purchase in the stock market, So if you don’t it know the value of money in virtual trading but in real life, you have to totally depend on what you actually have and that is a confined amount, not unlimited so that is also a limitation of virtual stock trading.
- Be Realistic: Be realistic don’t judge by seeing your results in virtual trading and never waste your time more than some weeks in virtual stock trading or paper trading virtual stock trading is good for beginning or testing purpose.
If you are wasting more than the required time in Virtual Stock Trading you won’t have that real-life feeling when you invest your money in a reality show after spending a good amount of time in virtual stock trading you have to move to real stock trading.
- Learn always: After getting some amount of profits in virtual stock trading don’t think that you learn everything about stock markets can never be learned by anyone they are all about testing and patience you have to learn all the time in stocks to get a good amount of profit.
What is Paper Trading?
Paper Trading is basically about writing the amount and company in which we are wishing to invest our money.
After some time we have to check that is there any change in the actual price and the price we have written in our paper and if there is any change is it in favor or worse.
This tells us about how good our predictions and if we invested our real money in that venture or company what are the results now in our hands.
But now-massive development in technology we can easily do this by using some great available Virtual Stock Trading platforms which allow us to trade virtual money as we want to use them.
Being a very competitive industry for developers. We end-users have benefited from this.
How to Start Virtual Stock Trading
It is a very easy process that anyone can trade even if you didn’t know that much about the Trading and So-called over feared word Stocks or Stock Market. Just go to any of the Below given Platform and start as follows
Visit Virtual Trading Website
Go to the virtual trading platform website/app & Click on join or signup for New Virtual Demo Trading Account.
Register Your Details
You can Enter your E-mail ID and other details to get register for demo virtual trading account.
Avail Virtual Money
You can get instant virtual money to your wallet or account or you can customise Cash amounts in few trading platforms.
Invest in Shares/Securities
You can Invest in any share/bonds or any type of available securities.
Backtest your Trading Strategy
You can Learn Trading and enjoy your journey with the stock market by testing your trading strategies.
Start Real Trading
Check your profits or losses Directly on your profile. Get a good feeling of learning and when you feel confident just start real trading with a very small amount.
Upstox Pro Platform Stock Broker With Free Demo Trading
Top 10 Virtual Stock Trading Platforms
Money Bhai
Moneybhai Bhai is a virtual stock trading platform provided by moneycontrol.com so you can easily assume how good quality Virtual Stock Trade it will provide you.
In MoneyBhai you can easily monitor your profits/losses and you can easily check your rank as there is the same date lead board as well as monthly lead board
in money bhai you can follow top traders and can chat with them. It is at the top of the list so please give it a try you will definitely love it.
- It is the Leader and most famous in the Industry.
- My personal favourite
- Easy to signup
- Good for Beginners.
- You will get 1 Crore virtual cash.
Money Bhai
ICICI virtual trading
A very simple to understand platform provided by ICICI Direct, the design is old school, but you will definitely love it it is very simple and ad-free.
ICICI Virtual Trading Platform
As it is a big company so you don’t have to deal with unwanted ads and privacy issues so go and give it a try you just have to simply customer login and you will get a guide on how to play the simulator.
- It is an initiative by ICICI.
- Good for both beginners and intermediate.
- Only bank to offer this kind of platform.
- Good for Beginners.
- You will get 1 Crore virtual cash
Virtual Trade by Sensibull (Option Trading Platform)
SensiBull is one of the best real money stock trader available in the market and they are providing virtual stock trade as paper trade by sensibull.
Sensibull
You just have to log in with Google and you can start with your virtual stock trading or paper trading journey so think how simple is it just click on a button and start your stock trading journey it also has all kind of features that you need in a virtual stock trading website you will get to know about your profit losses in just 1 tab from your home page give it a try it is more simple then you think.
- Great for Intermidiate
- Easily upgrade to real trading.
- Good use of graphics that is pleasing to the eyes.
- You will get 1 Crore virtual cash
Stock Market Simulator By My Soft Apps
As all mentioned above same with this will give you real-time data on the share market and you can easily buy and sell shares of more than 9000 stocks.
Stock Market Simulator
It is a very good APP if you don’t want to try any websites or you want to trade in your mobile phone.
The simple answer is if you have a desktop then try the above-given websites otherwise you can definitely go with the stock market simulator.
- The first app in the list so you can know its goodness.
- It is a user-friendly app available for both Android and IOS.
- Easy to signup
- Ultimate for Beginners.
- You will get 1 Crore virtual cash
Stock Trainer Mobile App (Android App by A-Life Software, LLC)
Stock trainer a very brilliantly designed app available for both Android and IOS. It is an app that is similar looking to up stocks and some paid apps but you can try it free e it contains some advertising as all apps and website except ICICI virtual trading.
Stock Trainer Mobile App
The stock trainer app has 20 world stock market supported and have portfolio and watchlist management it also has some beautiful design stock chart that it is available of past 10 years to give it a try 🙂
- Another great app for Virtual Stock Trading
- In apps, this is my personal favorite
- You will get 1 Crore virtual cash
StockMarketSim
Stock market sim has some unique features than all other apps. It is a very good dark design that can be used easily at your night sessions of stock trading simulation.
StockMarketSim – Stock Market Simulator
Its port stocks from more than 30 countries and have over a hundred thousand symbols to trade it includes India and the US, Canada, Australia, UK, Germany, etc.
- Awesome Interface app.
- Great stock simulator with no any kind of fees, Don’t worry about fees almost all of the apps and websites are Free of cost.
- If beginner gives it a try it is worth it.
TrakInvest
This website not only gives you a platform for virtual stock trading but also guides you on how to to do trading.
TrakInvest
When I just started in virtual stock trading this is my personal favorite I tried it for more than weeks and it will definitely solve all your queries that comes in your mind as a beginner so give it a try eye and its name is track invest sign up for free and you will get 1 crore virtual trading amount.
- It is an international website for stock trading
- Great server responses.
- It is a website that feels like lag-free.
- I think this is my favorite sorry for the above mistake
- You will definitely get 1 Crore in this also.
Dalal Street
Dalal Street a very famous name in virtual stock trading and real stock trading here you will find a very busy design and you will get a quote written on the front page of the website which will boost your motivation to trade.
Dalal Street
Dalal Street not only gives a platform to simulate but also helps you to understand nuance and give you strategies on how to invest it will also give you 1 crore virtual cash amount when you create an account in Dalal Street.
- It is the Leader after Moneybhai and also the most famous in the Industry.
- You will get a discussion group in which you can discuss the strategies and decisions.
- You will get the same 1 Crore virtual cash
Investopedia Stock Simulator
If you want to trade outside India then Investopedia is for you it will give you a hundred thousand virtual cash but that will be in United States dollars so basically you get a hundred thousand United State dollars that can be used in international trades you can connect with worldwide stock markets and it really amazing simulator and very easy to join.
Investopedia Stock Simulator
Investopedia you will get a guide on how to virtual stock trade and you will get a test for your skills and you will get a challenge is every day to increase your capability to think up to the greed and fear extent in the stock market.
- Here also you can discuss the strategies with like-minded peoples.
- You will get 1 Crore virtual cash.
- It is an Internationally available stock simulator.
- Great presence in other nations too.
Wall Street Survivor
Wall Street survivor let’s start with the slogan of the website. learn play win.
Wall Street Survivor
As they wrote learn play win you will get it definitely get to learn how to trade in the stock market and this, you definitely have prices for your good performance is you will get up to 2000 dollars virtual cash in your account daily.
It will provide you free courses and a portfolio to know all about paper trading or virtual stock trading so practice investing in Wall Street survivor before you invest your hard earned money or real money in stocks.
- It feels like a game so you never got bored of it.
- Easy to signup
- You will get $2000 virtual cash
INVESTFLY STOCK MARKET GAME
The last one in the list is invested fly stock market game don’t think it’s the last position so so the website will be OK by the way it is from one of the best website out there for virtual stock trading.
INVESTFLY STOCK MARKET
INVESTFLY gives you up to $500 cash price that you can take to home just by virtual stock trading yes you are reading right you can get real money just by paper trading in this you will have many games and have to compete with other virtual stock traders and the winner will get the cash amount directly to their bank account but cash prize is only available for us resident.
- Don’t think it is bad as it is on the last of the list, this is also from one of the great simulator that you can definitely give it a try.
- You will get 1 Crore virtual cash.
Conclusion
So here’s our article of virtual stock trading for paper trading is completed hope you get everything what is is described in this article please share it with your friends and family who want to start stock investment for to just know about their stock investing capabilities it will be very helpful to them as it is to you.
Thanking you for reading the article please be with our Website to see more such articles just below our this article virtual stock trading and paper trading you can see many other related popular articles so just give them a try as you found this helpful same is with all other articles available in the website.
Excellent guide to the top 11 virtual trading platforms! Your comprehensive coverage of these platforms is invaluable for anyone looking to enhance their trading skills in a simulated environment. Thanks for compiling this list and providing valuable insights for traders seeking to improve their strategies.
Appreciate the comprehensive guide on the top 11 virtual trading platforms for practicing stock trading. Your recommendations provide a valuable resource for beginners looking to gain experience in the stock market. Keep up the excellent work!
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