If you have always been interested in trading NSE shares, the best way to learn is by doing. However, you might not have the cash to undertake the actual trading. It is also not wise to start the journey of trading with real cash due to the risks involved.
This is where the concept of Fantasy or Virtual Trading comes in. This is where you trade in stocks without investing actual money.
In a simple and costless approach, you could just use a spreadsheet. You decide an amount and buy shares based on the price at a given day. Days later you feed in the current price and see if you would have made a profit or loss. You then learn from what you did right or wrong.
You can also use the NSE virtual trading App or website. Here you will pay. For every KShs 100 paid you get KShs 10,000 to trade with. Just for emphasis the KShs 10,000 is not real money. It is just a virtual float which allows you to buy shares.
The good thing with the NSE platform is that you don’t need to do any calculations as you would on a spreadsheet. You also wouldn’t need to input any prices since the platform gives you the live prices from the NSE.
The virtual trading platform is however not an exact replica of the real thing. But it can be a good place to start. NSE needs to do a lot of work to make the simulator be as close to the real thing as possible.
It is rather strange that NSE does little to sell this product. It also doesn’t invest in keeping it updated. This if well harnessed can become one of the best cash earners for the Exchange. Alternatively they can concentrate on selling data and allow other developers to produce more advanced simulators.
How to LEARN about STOCK TRADING through FANTASY TRADING