Online trading simulator india
Margin trades are essentially intra-day trades and these orders are to be squared off before closure of trading hours. Typically, you should do a margin buy incase are bullish on a particular stock and anticipate the price of this stock to rise during the trading day. You should note that you can incur losses in case your view on the particular stock goes wrong.
Typically, you should place a margin sell order if you are bearish on a particular stock and anticipate the price of this stock to fall during the trading day. You can place a margin sell order at Rs.
You should note that You can incur losses in case your view on the particular stock goes wrong. More on Margin product. All margin trades are intra-day orders and hence you must square off your positions by taking opposite positions about 30 minutes prior to closure of trading hours. In case you fail to close or square off your margin positions, virtual stocks system will automatically close such positions at prevailing market prices. Tracking of Margin Positions.
By clicking on this button, you can directly place square off Opposite position orders for the full quantity or partial quantity. CTD Convert to delivery. You can convert your margin positions into delivery trades. Under margin buy positions. You can pay the difference amount, ie Trade value minus margin money paid, to convert the margin buy trade to cash buy trade.
You may choose to convert this margin trade to delivery trade. You can choose to deliver the entire quantity or partially convert to delivery. Similarly you are willing to sell the stock at whatever is the best buyers quote prevailing in the market at the time of placing the order. Please note that there is no surety that the entire order will be executed.
Partially execution is possible in case the quantities do not match. Un-executed orders will be automatically converted to limit order at the price at which the first tranche gets executed. You can specify the price at which you wish to buy or sell the stock. Under this link you can specify the period for which you wish to check the orders that were placed from your account.
Also, this page will enable you to check the status of your current orders. Further you can modify or your un-executed orders or partially executed orders. You can cancel your un-executed orders. This page will help you totrack all your executed orders. The prices displayed in this page are the actual transaction prices at which the trades were executed. All the transactions executed in the virtual stocks account gets recorded in the portfolio tab. Portfolio gives a holistic picture of the profits earned or losses incurred by you.
Portfolio is available on following parameters Holdings: Displays all the details of the stocks that are currently held in your account. Additions to portfolio will reflect on the same day of transaction post the closure of trading day. One great advantage of stock trading lies in the fact that the game itself lasts a lifetime.
Investors have years to develop and hone their skills. Strategies used twenty years ago are still utilized today. The game is always in full force. Open a stock broker account Find a good online stock broker and open an account.
Become familiarized with the layout and to take advantage of the free trading tools and research offered to clients only. Some brokers offer virtual trading which is beneficial because you can trade with play money see 9 below. A great tool for comparing online brokers can be found at StockBrokers. Read books Books provide a wealth of information and are inexpensive compared to the costs of classes, seminars, and educational DVDs sold across the web.
Here on the site we have a full list of 20 great stock trading books for investors to consider. Read articles Articles are a fantastic resource for education. Our free Stock Education page here on StockTrader. Recommended websites for investment education are investopedia. Find a mentor A mentor could be a family member, a friend, a past or current professor, co-worker, or any individual that has a fundamental understanding of the stock market.
A good mentor is willing to answer questions, provide help, recommend useful resources, and keep spirits up when the market gets tough. All successful investors of the past and present have had mentors during their early days. Forums can be another source for question and answer. Two recommendations include Elite Trader and Trade2Win. Just be careful of who you listen to.
The vast majority of participants are not professional traders, let alone profitable traders. Heed advice from forums with a heavy dose of salt and do not, under any circumstance, follow trade recommendations.
Study the greats Learning about the greatest investors of years past will provide perspective, inspiration, and appreciation for the game which is the stock market. One of my favorite book series is the Market Wizards by Jack Schwager. Read and follow the market News sites such as Yahoo Finance and Google Finance serve as a great resource for new investors. For in depth coverage, look no further than the Wall Street Journal and Bloomberg.
By monitoring the markets each day and reading headline stories investors can expose themselves to trends, 3rd party analysis, not to mention economic concepts and general business. Pulling quotes and observing fundamental data can also serve as another good source of exposure. Beware though, over time you may find that a lot of the investing shows on TV are more of a distraction and are overall full of junk recommendations.