Are you a new trader with little to no practical experience? and are afraid to lose out money?
Do you want to test out/experiment with your new trading strategies in the real market without taking the risk to lose out money?
Are you a learner/beginner and looking out to start and try all the theories and hypotheses practically? and try out the professional charting tools?
Do you want to know where do you rank as a trader in our nation? and need reviews/analysis on your trading strategies? and quick and easy to view updates/news about the market.
We can help you with all these problems. My idea is pretty simple and clean. We are looking forward to build a virtual trading platform wherein all the mentioned issues can be readily solved. Our goal is to build a platform to learn and test out strategies practically and promote investing culture in India. We also want to discourage the idea of gambling with stocks.
With the rising interest of youth in trading and investing, it is a good opportunity for us to help them out as most of them hesitate to try out in the real market due to the risks of losing money. We want to help build such a beautiful culture.
We reviewed the idea and wanted to share an update with you.
There are similar platforms out there like https://moneybhai.moneycontrol.com/, you should definitely check this out and verify if there is anything you can improve in the current products. If not please do assess if it is worth spending time and effort in building this product.
For this platform, you will need to spend on obtaining market data. Please check if purchasing data from data vendors is feasible as there are services like the one we linked above available for free.
If you want help with market data during the development of the app, you can explore an opportunity to apply for the SEBI sandbox. However, you will still need to pay for the data once your Sandbox term ends. You can read the revised regulations below -
