- by Stocktry Expert
- 06th Apr 2021
Stock Market Simulator And Its Advantages
Did you know?
Bombay Stock Exchange is considered as the oldest stock exchange in Asia.But that is not it! BSE is also the biggest stock exchange in the world with over 5,500 companies listed on it.
Considering the above fact, it certainly does not surprise that Mumbai has the highest number of demat accounts. Gujarat stands second in the position.
Now you can imagine why the stock market is most talked about in India and why the majority of people deal in stock, if not as the main occupation, then secondary. Stock is considered as a major source of investment in India since it is affordable with potentially high returns.
However, the often asked question is where to practice stock market before investing in it?
Well! The answer is - STOCK MARKET SIMULATOR!
What is a Stock Market Simulator?
Stock Market Simulator is a program that replicates the features of a live stock market on a computer or mobile so that a player may practice trading stocks without financial risk. It generally involves virtual money or less investment in comparison to some invested in the real stock market.
The players in the Indian stock market simulator (also known as Paper Trading) basically invest in virtual money, while losing or gaining on the basis of real market moments. It is an integrated game of real market trends and virtual investment that allows the player to practice the real trade and study how the market behaves. It is also a great way to trade practice and test strategies.
What one needs to understand is that the stock market is not a game of luck. It is influenced by knowledge, analytical skills, critical thinking, replicating market trends, understanding volatility and responding wisely.
Millions of people come to try the stock market trading without an apprehensive knowledge and leave immediately. They come with a common objective to earn a high stake with limited investment.
Although it is true that the stock market is a fast source of earning higher returns, it can be equally risky if the person is not accustomed with the analytical and technical part. Most people invest in the stock without understanding why prices move higher or lower. Instead, they chase investment tips, make binary bets, and test their luck, to make buy-and-sell decisions that make no sense. Instead a better way is to learn how to trade the markets with skill and authority.
That said, the stock market is not difficult to understand. It is easy and flexible to understand and gain profit. However, the Indian Stock Simulator makes the process even more easy and practical.
Stock Market Simulator App India allows the new investors to practice trading in the share market and earn fortunes at low risk before actually committing financially. Stock marketing games are often used for educational purposes too.
The best stock simulators allow the user to hone their investment techniques and diversify their portfolio. Stock market gaming is a boon for brokers and financial advisors to practice the market trend and test out trading strategies. Simulators are designed to create real conditions, just without you having to actually live it in your real life. Also, it allows the investor to try varied analysis and see which pays-off the best. So, by the time players move into investment, they can determine various permutations and combinations and know what works best in the marketing scenario.
What’s more? Stock gaming apps always keep your adrenaline rush on edge and add fun to your game. It is a skill based game, you can flaunt rather than hide from.
Here are the key advantages of stock market simulator:
- Practical training
The theoretical knowledge and trading courses are available everywhere. But gone are those days when you would run errands to practice trade and relied on 3 or 6 months certified courses to label you as a capable trader or investor. But does that really make you one?
Trading is not a theoretical process. And certainly, doing a certified course cannot make you prepare for an unpredictable market where you invest your money.
When it comes to the stock market where you invest a huge amount and risk is higher. It needs a lot of experience. However, the experience at the same time should not come from investment. If you take adequate time to practice stock before entering the real trade market, it's possible to benefit from the market.
Stock market games help aspirants to learn and practice the real market drill and analyse your strategy before entering the real market.
- Stock market simulator comes handy
With everything going digital, the courses, classes, webinars and the study approach become practical with internships, case studies and projects; how could practicing stock trading remain conventional?
The very added advantage of Stock Simulator in India is that it comes handy with mobile, laptops and desktop. You can practice trading at ease of your time and at home. These games are one click download and you can begin to practice anywhere anytime. A game where you do not invest virtually and learn practically.
- Helps in understanding market
The share market game helps you learn the market dynamics. It helps you to evaluate the impact of various scenarios on stock markets. With practice on a virtual trading online trading simulator India, you can study the real market situation while putting a lesser amount in the game. This will help you perform better in the real time market with real investment.
It helps you strategize your investment in different scenarios and diversify your investment. Playing the stock simulator teaches you volatility, liquidity, and also enhances your ‘buy n sell’ decision. But that is not it! It allows you to practice long term and intraday trading both.
- Elimination of Risk
As mentioned in the initial paragraphs, the virtual stock simulator helps in eliminating the real associated risks with trading. Infact, in some of indian stock market apps you can practice games while earning money. You can challenge your analytical skills and stock market knowledge at negligible risk and yet, learn to master the trading skill.
- Resolving the myths and truths behind stock markets
As a beginner, you might come across various myths and advice on where to put your money in. In fact, a lot of us tend to follow investment tips without making our own analysis and end up losing all the invested money.
However, how do you decide between truth, rumour and myths? Hence, it is advised to practice trading on a share trading simulator and become the judge of your own decision.
- Benefits Experienced investors
Stock market simulator India can be valuable tools even for experienced investors. They use them for the opportunity to test-drive complex trading strategies in a safe environment. It also allows investors to widen their scope and enter into new segments before investing for real. Trying a new segment virtually gives Investors idea about how the segment might perform in the real market. Thus, help them make better decisions before entering risk.
Why choose us?
Every Stock Gaming App has their own set of rules and advantages. Stocktry, thebest stock market simulator app in India, is a legitimate app that offers one stop destination for both learners and gamers. The friendly and easy to play app not only provides you gaming experience or practice but also offers daily news updates, informational blogs and live share prices.
However, the best part is that you need not to invest all your time practicing on stocktry. You freeze the portfolio in the morning before 9:00 (Buy/sell) and release the stock by evening 3:45 and the winner is announced at the same time. Thus, the share market game is not time-consuming and leaves you with time for your other priorities.
But that’s not all. Stocktry, share trading simulator, allows you to earn while you practice with merely an investment starting with Rs.10. It also provides free practice sessions and various rewards. The fun game offers multiple portfolios, a wide range of stocks to choose from and more than 100 daily challenges.
Summary:
Stock market is not a game of luck and needs a lot of practice under various market scenarios before entering the real-time market. Virtual Stock Market Simulator is a program that allows an aspiring investor to practice trading with virtual money on the live stock market.
It has various advantages like assisting you with investing strategies, teaching the market moment, practicing the ‘buy n sell’ and more.
Now that you know various advantages of theshare market simulator, it is time to download thestock market online simulatorand avail the benefits.
One of the legitimate stock market apps that not only helps you practice but also helps you earn and gain stock market knowledge, know current affairs and more is - STOCKTRY. It is the best stock simulator app in India.
“How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.” ― Robert G. Allen
