Summary: Master your investing skills on virtual trading apps without putting your real money at risk. Try and test different trading strategies on the real-time market data, and see how you perform on the app’s leaderboard. Make it more fun by competing with your friends and see who earns more profit.
Scared of investing in stocks?
A lot of us are, because we are not sure if our trading strategies, will yield profit or result in a major loss. But there is a way that can help you test and master your trading skills without actually spending real money.
Gamification in virtual or demo trading apps allows users to test different trading strategies, by using virtual money. This eliminates the risk of losing real money, and users can freely experiment and learn by hit and trial in the real-world stock market scenarios.
Let’s understand how virtual trading apps work and which are the best available options in the market.
Virtual trading, done using trading practice apps enables users to do trading with virtual stocks and track the market too. Through virtual trading, the users increase their knowledge about finance and stock trading without risking any money.
Trading done through a paper trading app or paper trading websites, makes use of a real-world trading platform that is used by stock market brokers. This provides users with a quick run to go through all available stock trading controls.
Undertaking paper trading is the right way to start with investing money in the market. More so because you are less likely to make mistakes given all the practice you get while doing virtual trading.
Virtual trading is therefore the practice of doing stock trading and analysis in a simulated environment. Here you don’t have to take the risk of losing money, rather you can learn some useful tricks of stock trading without making any real investments.
You get a certain amount of virtual money as well to start investing and learning new stock marketing strategies. The best virtual trading apps also offer interaction opportunities with other traders to help improve your market skills.
Virtual trading apps help beginners to easily practice stock trading. Some of the best virtual trading apps for Indian market also let you learn and understand the basic rules of stock exchange such as shares, commodities, fixed deposits, mutual funds, bonds, etc.
With the help of stock market simulators, you can learn how the Indian stock market works. As a beginner, you can invest in stocks without real money and track the real-time stock data.
Along with inbuilt discussion threads, the best stock simulators support portfolio management and historical stock data. Real-time stock market experience in virtual trading is possible with limit order, stop loss and market order. These features make virtual trading apps ideal to learn stock trading.
Stock investment and share trading with stock simulators is easy and so is practicing stock trading with fake money. Here is how trading practice apps act as stock market simulators:
Using a virtual trading platform now doesn’t need to be intimidating. So, we have mentioned some easy steps on how to go about trading practice apps.
If you are looking for top mock trading apps, then your hunt ends here. We present you with some of the most sought-after stock trainer apps, which are backed by finance and stock market experts.
Zerodha virtual trading app offers a library of stock market lessons that comes with illustrations and covers all the possible topics with in-depth information. Moreover, the lesson content is further broken into brief cards which makes content easy to learn.
Additionally, users can also take quizzes that come at the end of every main topic. In fact, to make learning more interesting, users can also challenge themselves by taking up a certification exam at the end.
Zerodha Kite
Starting Price
Price on Request
Price: Users can download the virtual trading app for Android and iOS for free.
Moneybhai is also referred to as moneycontrol virtual trading app. It offers an intraday trading limit of INR 1 crore, which can be invested across multiple assets such as mutual funds, stocks, fixed deposits and much more.
Price: Moneybhai app is free to download.
Sensibull is one of the best option/demo trading apps that offers a simple virtual trading application for beginners that comes with great trading strategies and low-risk options.
In fact, for experts, it also provides an Options Strategy Builder that helps them create and analyze Advanced Options Strategies. All levels of traders can learn and practice options trading without using real money.
Price: The price of Sensibull demo trading app starts from ₹5,555 per month.
Dalal street virtual trading app is one of the most popular virtual trading platforms in India. This is because of its simple and easy to use interface.
Not only this, Dalal Street is one of the best virtual trading app India that helps you easily monitor the status of your favorite stocks over a course of time.
The Stock Market Challenge App provides an online trading game where users can build and manage their own portfolio and even compete with other traders in a secure environment. In the beginning, every challenger gets ₹10,00,000 virtual money to play and compete.
Moreover, Dalal Street virtual trading app is ideal for new and experienced traders to build skills, evaluate their trading strategies, and gain relevant investing experience.
Price: Dalal street dummy trading app can be downloaded free of cost from android or apple store.
Monkeypot iOS stock virtual trading platform that allows users to enjoy trading in different stock markets without investing their real money. Traders can play stock market games in real-time and test different trading strategies, without the fear of losing their money.
The ranking system will give a summary of each player’s performance in the game.
Price: The pricing details of Money pot virtual trading platform can be obtained from the official site.
Suggested Read: Top Nifty Buy Sell Signal Software for Indian Stock Market
Fidelity is a virtual trading app for Android that allows users to learn and trade, anywhere, any time. Users get access to insights on domestic stocks, international markets, Openfolio performance, and more.
Moreover, to enhance trading knowledge, you can also watch live streams of Bloomberg videos, podcasts, and webinars.
Pricing: Price details are available on this stock market simulator’s official website.
Momentum trading, P/E ratios or equity markets, all is easy with Investopedia Stock Market Simulator. The stock virtual trading software uses real data from the stock market that helps in margin trading and adjusting commission rates.
Pricing: Investopedia Stock Simulator is a free tool available for download on its official website. You can also check the upgraded plans on its website.
Chart Mantra allows users to play and learn at the same time. You can invite your friends to play along and see who is performing the best on the leaderboard. In addition to this, players can track their individual performance in terms of game rank, net worth, returns, overall gain, etc.
Pricing: Price details of Chart Mantra dummy stock trading software is available on its official website.
ICICI Direct’s virtual trading platform offers an opportunity for traders to sharpen their trading skills. You can practice in real stock market, but without using your real money. Further, you can replicate your trading strategies in the real stock market, if they seem to be working in the virtual simulated environment.
Pricing: Price on Request
NSE Virtual Trading software allows users to trade in the real stock market, without putting their real money at stake. Despite being a virtual simulator, the app provides you with the exact experience of trading in a real market.
You can access charts and technical indicators to build your own strategy. In fact, you can also trade in futures, options, and stock derivatives along with stocks.
Pricing: You can download NSE Virtual Trading app for free from Google Play Store.
TradingView allows users to deal in different markets, currencies, futures, crypto, and bonds along with the stock market. It also offers 10+ different types of sophisticated charts that help traders depict market dynamics in a better way.
In addition to this, users can also create their custom watchlist and get real-time updates on financial commodities.
Pricing: Price on Request
StockPe is the first platform to gamify trading education in India. With this tool, users can easily enhance their stock trading knowledge with various features like in-house tournaments, learning modules, quizzes, chart analysis and much more.
The app also gives awards (StockPe Coins) for participation, which users can cash-in for real money. If you are taking your first step into the stock market or paper trading, StockPe is definitely to be considered.
Pricing: You can download StockPe app for free from the Play Store.
Neostox is another educational paper trading app that allows users to practice trading in stocks without using real money. It offers a simulated trading environment with delayed price feeds, enabling users to trade equities, options, and futures. The platform provides tools for hedge trading, options analysis, basket orders, and more.
Pricing: You can download Neostox paper trading app for free from the Play Store.
Niota paper trading enables users to practice and learn trading in a simulated environment without risking real money. It provides a platform to explore stock market dynamics, test investment strategies, and understand market trends using virtual money.
This platform serves as a safe space for individuals to gain practical experience in trading before venturing into the actual market.
Pricing: You can download Niota app for free from the play store.
Do you ever feel like you’re missing out on the latest stock market news and updates? Are you tired of scrolling through multiple websites or flipping through endless TV channels to find the information you need? Well, we have a solution for you- Trade Brain. This is a revolutionary screen app that brings all your stock market trading news and updates to one convenient platform.
Trade Brains offers a virtual trading app that caters to the needs of investors and traders seeking news, analysis, and more. With features like Telegram alerts, stock screeners, stock comparison, and a superstar portfolio, it empowers users to make informed decisions.
The app’s focus on simplifying the stock market, demat account assistance, and educational resources makes it an ideal platform for those looking to enhance their trading knowledge and skills.
Conclusion
Virtual trading apps are great options where you can learn and even experiment by implementing new trading strategies. These apps allow you to improve your trading skills without putting your money at risk. You can play using virtual cash and eliminate the risk of any real losses.
So, when you see your performance improving on trading games, you can switch to the real stock market and start trading real money and get better returns on your investments.
Success in virtual trading depends upon analysis of your profit and loss statements. For best analysis solution, you can also check Best Technical Analysis Software for Stock Trading in India.
TradingView, Moneypot, Chart Mantra, and TrakInvest are some of the popular platforms that are best for virtual trading. These platforms help traders improve their trading skills without investing real money.
Yes, a virtual trading app is completely safe. These apps come with high-end encryptions that keep all the user data safe.
Zerodha Varsity, ICICI Direct, and NSE Virtual Trading are some of the best virtual trading apps in India.
You do virtual trading on platforms like Chart Mantra, Fidelity, Stock Market Challenge by Dalal Street Investment Journal, and more.
Some of the best virtual stock trading apps are Moneypot, Sensibull, and Zerodha Varsity. On these apps, users can trade using virtual money without risking their hard-earned money.
Popular paper trading apps for Indian stocks include StockPe, ICICI Direct, and more. These apps allow users to simulate stock trading without using real money.
India's top trading app varies based on features and user preferences. Zerodha, Upstox, and Groww are among the leading trading platforms.
No, paper trading doesn't involve real money. It uses virtual funds to simulate trading. It's a risk-free way to practice and learn trading without financial consequences.
Yes, paper trading is beneficial for beginners. It offers a risk-free platform to learn about the market, test strategies, and build confidence before trading with real money.
Some of the best free paper trading apps in India include Moneybhai, NSE Paathshala, and Virtual Stocks. These platforms offer simulated trading experiences to practice investing without real money.
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