Practise trading online

Thinking of stock trading or just getting started on it? While you’re on the learning curve, your mistakes can turn out quite costly.

ICICIDirect has turned the learning process into a game through its ‘Virtual Stocks’ platform (virtualstocks.icicidirect.com). You register with an email address and you are ready to start buying and selling stocks. You are given virtual money worth Rs 15 lakh to purchase stocks and options to build a portfolio.

The performance can be reviewed to see how your strategy is paying off. If your trades generate profits, your virtual money increases and any losses lead to reduction in useable funds. The platform tries to simulate a real environment as it offers live quotes and lets you trade only when the market is open.

The tutorial and FAQs offered are also very helpful. But the drawbacks? For every stock quote you request, a new window opens up, leaving you with many browsers to close. A more user-friendly menu layout may help to navigate the game better.

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