- by Soumili Roy
- 19th Dec 2020
Advantages of Learning Stock Market Strategies with Virtual Trading App
“Every once in a while, the market does something so stupid it takes your breath away.” ― Jim Cramer
True to words, Stock market is the most unpredictable investment that needs proper strategies and analytical skills to deal with every marketing situation. An investor needs to make various decisions and time their exit while understanding the market trend.
That said, the stock market is also misunderstood by many. Stock trading is not a game of luck. It needs knowledge, critical thinking, awareness and skills to understand market movement.
Fantasy games are often categorised as ‘games of skills.’
Quantity and price are two most important parameters of stock trading. Stock market is a place where people invest into a stake of a company that looks promising. An investor needs to remain cautious while placing orders in terms of Price and quantity.
BSE and NSE work at the speed of a few microseconds. Thus, an order placed once cannot be returned. Even a micro mistake of interchanging price with quantity and vice-versa could result in losses running multiple thousands to lakhs to crores.
The real question is where do you test various strategies and practice ‘buy n sell.’ Answer is -VIRTUAL TRADING APP!
Virtual stock trading is a simulated environment in which you trade in virtual stocks, invest virtual money and practice market trends. The points in the stock game are calculated depending on the performance of stocks in real-time. Through investing in stocks virtually, you don't risk losing any money and at the same time can enhance your knowledge about trading and finance.
In the process of virtually buying and selling stocks, you will learn how your actions influence the market. Stock simulator allows one to design their venture and gain from the slip-ups which can be dodged in the real stock trading. This virtual trading games utilizes virtual cash and, also, virtual stocks; everything is incredible aside from the experience you pick up through it.
It helps you in keeping away from chances and makes you feel the markets, which helps in producing benefits and all the more significantly evading misfortunes. The choices in the stock market can't be founded on feelings, one needs to receive a reasonable methodology while stock markets where one slip-up can cost you intensely.
Virtual trading app helps you practice the trade in every market condition by not letting you compromise financially. Some of the apps also have gaming leagues that allow you to compete with your friends in making profits out of stock trading and investments. Learn stock trading!
Be that as it may, there are certain advantages of learning the Indian stock market strategies with it:
1. Down to earth preparing
Presently a days numerous individuals are keen on teaching themselves about the markets. The virtual trading app unquestionably gets the hypothetical information while considering the substance on different zones, yet we don't get the viable presentation on the equivalent.
The virtual trading online causes the wannabes to get familiar with the genuine cycle engaged with exchanging without going through any continuous cycles. The new contestant in the market benefits a ton through this component where he takes in everything from essential to go-between level.
2. Gives you a thorough insight of the market:
“If you don’t study any companies, you have the same success buying stocks as you do in a poker game if you bet without looking at your cards.” ― Peter Lynch
When we gather speaking about the market, it becomes highly non-confirmative due to possible reasons of volatility. With the virtual trading game, nonetheless, you can strategize yourself by learning the gradual rise and slips of the market and analyze what you want to go with. It helps in understanding the complete techniques to obtain more profit in the virtual trading app
3. Makes you aware of unwanted misfortunes:
Making you more grounded for taking care of unfavorable circumstances without confronting any misfortune, the virtual stock trading warns you about the abrupt slopes of the market, which for you, might have been a concern to take notice about.
Today, however, it is not. The best part is, with stock market apps, you can just trade anywhere you want as long as your phone’s battery is not dead!
4. Disposal of Risk
As referenced in the underlying passages, the virtual stock trading helps in wiping out the genuine related dangers with trading. You don't lose anything while at the same time you are practically trading! You lose the amount of risks you were anticipating because of virtual trading online.
5. Provides risk management outlooks:
The best thing in trading platforms like this is, it provides a giant outlook from different perspectives and helps categorize your risky steps. It makes you clarify the understanding of money management and risk management techniques, which now, is a thing almost very significant to take in one’s hand.
6. Come handy and needs minimum time:
Virtual trading app comes handy with mobile, laptop and desktop. This helps you practice anywhere at your ease. Also, you can do it without compromising your schedule by committing a few minutes of your day unlike real-trading that needs time and commitment.
The game of stock begins at 9:00 am, so you need to select the contest and freeze the team before the time. The result of the same is announced by 3:45 pm.
STOCKTRY -
Stocktry, the best virtual trading app, comes with easy accessibility and processability. It also offers free practice challenges. The platform is not only restricted to games but also daily news updates and live stock prices. Therefore, one can follow the application even when they are not playing. The news includes quarterly results, investment tips by various experts, market trends and more.
The best virtual trading also offers multiple portfolios, a wide range of stocks to choose from and lets you earn real money while you practice!
CONCLUSION
This platform is advantageous in assisting you to learn trading strategies, because, in this world of violent stock crashes, this place remains at least safe from gigantic losses.
And the virtual trading platform is safely guarded, if you haven’t been thinking about it lately. Also, at the point when you download a trading app, the engineer is ensuring that the entirety of the subtleties you input are shielded from being hacked or accessed by somebody without authorization.
This will give the clients an unheard of level of certainty, particularly on the off chance that they are reluctant to contribute as a result of the various hacking embarrassments that have ejected lately.
