The Best Virtual Stock Trading Apps and Platforms for iPhone and India
Looking for the best virtual stock trading app for your iPhone? Whether you're just starting out and need a user-friendly platform, or you're a seasoned investor looking to hone your skills, there are several excellent options available. This guide will introduce you to the top virtual stock trading apps and platforms, highlighting their features and strengths.
Overview of Top Virtual Stock Trading Apps
The stock market can be a challenging and exciting world to enter, but with the right tools, practicing and learning the ropes can be both enjoyable and educational. Below, we’ve curated a list of the best virtual stock trading apps and sites for iPhone and for those looking to learn in India.
Investopedia Stock Simulator
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Why we recommend: Investopedia is a renowned online learning platform, and their stock simulator is one of their best tools. It offers an interactive and engaging experience with real-time trading scenarios and educational resources. The simulator comes with 100,000 virtual dollars to use in trading, and you can also compete with thousands of traders on the same platform. However, it does not support trading in Indian stocks.
Trading View
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Recommended Account: The free account and Trading View
Why we recommend: Trading View is a popular platform for technical analysis, and it offers a paper trading account with 1 million virtual dollars. It is user-friendly and offers various tools for trading, making it a great choice for those who prefer technical analysis. Additionally, Trading View's free account is more than sufficient for most users, so there’s no need to pay for it unless you want to access the premium features.
Moneybhai
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Why we recommend: Moneybhai, offered on the Moneycontrol website, provides a free virtual trading platform with 1 crore (10 million) virtual dollars. You can use this to trade in shares, commodities, mutual funds, or fixed deposits. The platform also includes a free forum where you can engage with other traders, making it a great community for learning and skill-building.
Dalal Street
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Why we recommend: Dalal Street Investment Journal (DSIJ) is a prominent virtual stock trading platform in India. As a member, you get 10 million virtual dollars to create your portfolio and test your investment strategies. The platform also features a discussion group where you can exchange ideas and learn from other traders.
Conclusion and Tips for Stock Traders
Whether you're new to the stock market or looking to improve your skills, these virtual stock trading platforms can be invaluable. It’s important to choose the one that best suits your goals and preferences. While these platforms offer invaluable practice, always remember to take what you learn from the virtual world and apply it to real-world situations with caution. Happy trading!