Everyone wants to be rich. But for this, you have to invest your money into the proper channel so that money gives you better return. I am a big supporter of financial education for everyone. Financial eduction educat you about money. If you know how money works then you can generate more money using your saved money.
Note:- Stock trading is risky with a lot of gains. it gives the best return on your money and beat inflation. So without proper knowledge don’t start stock trading. Always invest as much money in the stock market which lose can you bear.
A common person either a student, professional or anyone can learn how the stock market works and how it is useful to earn money. Simply, you have give your 1 hour daily. When your basic clear then you will think, for validating my view/stretgy I have to invest money in real world. What if i failed then. Don’t worry, you can try virtual trading app for this.
1. Learn from the web or anywhere how the stock market works.
2. What are stocks?
3. Which factors affect the stock market. You have noticed that the stock market goes ups and downs. learn why?
4. How to pick a good stock.
5. Which sector you love most. like banking, IT, mining, telecom etc
6. What are NSI and BSI? What is mid-cap, small-cap etc?
7. Must learn some jargon of investing.
After you learn all theoretical knowledge or you want to learn with practice. You can learn all these without losing money. The name of the android application is a stock trainer: virtual trading. I have started with this application, learn all basics, validate my stock picking, learn real life stock trading without any money lose. Now I am doing online trading in the Indian stock market. It helps me a lot. I regret that I don’t know about this application before.
How to use virtaul stock trading app
1. You have to install stock trainer android application.
When you buy some stock then it will show in your portfolio.
6. The stock trainer will give you 5 lack virtual currency and you have data in real time either you want to use NSE or BSE. You can buy stocks from BSE or NSE of your favorite company and trade with them. All transaction, profit, lose and your position will show in your profile and judge how much you have learned. It is the best android app for virtual trading.
When you have enough confidence then you can jump into the online trading with a similar type of application but where you have to use real money. This is for next time.