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Are you new to trading? Mock trading is how you may practice without losing a rupee.
Mock trading is a great way to learn about the stock market without putting your own money at risk. It lets you practice trading with fake money so you can become better at it and come up with plans before you start trading for real. This blog will show you how to set up your first fake trading account step by step, covering what you need, which platform to use, how to keep track of your performance, and typical pitfalls to avoid.
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What is Mock Trading?
Paper trading, or mock trading, is a way to practice actual stock market trading by buying and selling stocks with fake money. It lets new and wannabe traders practice their trading tactics in real-time market circumstances without having to worry about losing money. Mock trading helps you become better at making decisions and builds your confidence before you start trading for real.
Things You’ll Need Before You Start
1: What is a stock?
Before you start fake trading, make sure you have the following:
- Email ID and Mobile Number: Most sites need you to sign up using your email and phone number.
- Internet Connection and Device: You need a smartphone, tablet, or computer that can connect to the internet without any problems.
- Basic Information About the Stock Market Knowing what words like “buy,” “sell,” “order,” and “portfolio” mean will make it simpler to go about.
- Time and Focus: To get true insights, take pretend trading as seriously as real trading.
- Goal is clear: Choose whether you wish to trade options, invest for the long term, or practice intraday trading.
These essentials will help make your imitation trading experience seamless and useful.
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Know moreStep-by-Step Guide to Set Up Your First Mock Trading Account
Step 1: Choose a Mock Trading Platform
Step 2: Sign Up or Register
Step 3: Verify Your Account
Step 4: Access the Mock Trading Dashboard
Step 5: Add Virtual Funds (If Required)
Step 6: Start Trading
Step 7: Monitor and Learn
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Track Your Performance
It’s just as important to keep track of your progress as it is to make deals once you start mock trading. You can see what’s working, what’s not, and where you need to make changes. How to do it:
1. Look over your portfolio often
See how much money you’ve made or lost, what you currently own, and your buying history in your virtual account. Most systems have an easy-to-read screen that shows the results of your trades.
2. Look at every trade
Take a look at each trade and ask:
- Why did I make this trade?
- Was it based on facts or feelings?
- Was the time I left right?
3. Keep a trading journal
Make a simple notebook or worksheet and write down:
- When the trade happened
- Name of the stock
- Make a buy/sell choice
- Why we trade
- Outcome (profit or loss)
- What you learned
4. Keep an eye on key metrics
Pay attention to:
- Win/Loss Markup
- Average Gain or Loss for Each Trade
- Risk-Reward Scale
- Holding Time
5. Look for patterns
You’ll start to see trends over time, like whether you’re better at long-term or short-term trades or whether your plan works best in certain areas.
Best Platforms for Beginners (Quick Comparison Table)
The first thing you need to do to do well with pretend trade is pick the right tool. For beginners, it’s best to use a platform that is simple to use, gives you real-time info, and has learning tools that can help you. There is a site for every way of learning about the stock market, whether you want to try options, daily trading, or just get a general idea of how it works. This short list will help you choose the best one for your needs.
Here’s a handy comparison of some of the most popular mock trading platforms ideal for beginners in India.
| Platform | Features | Best For | Free? |
|---|---|---|---|
| TradingView | Real-time charts, paper trading | Technical analysis lovers | Yes |
| Moneybhai | Virtual ₹1 Cr fund, competitions | Beginners & students | Yes |
| Sensibull | Options trading simulator | Option traders | Limited |
| Neostox | Intraday practice with charts | Day traders | Limited |
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Know moreCommon Setup Issues (And How to Fix Them)
A fake trade account is usually simple to set up, but small problems can sometimes make it take longer, especially if you’re just starting out. Small problems like not being able to verify your identity or losing your virtual money happen a lot but are easy to fix. Here is a quick list of the most common setup problems and how to fix them quickly so you can get started without any problems.
| Issue | Cause | How to Fix It |
|---|---|---|
| Didn’t receive OTP or verification email | Email ended up in spam or system delay | Check your Spam/Junk folder, wait a few minutes, or click Resend OTP/Link |
| Mock trading option not visible | Platform layout confusion | Use the platform’s search bar or go to the “Tools” or “Portfolio” section; refer to help/FAQ |
| Virtual funds not showing | Funds not credited automatically | Look for a “Add Funds” or “Reset Portfolio” option in account settings |
| Login issues | Incorrect credentials or app glitch | Reset password or try clearing browser cache/restarting the app |
| Platform not loading properly | Slow internet or browser issue | Switch to a different browser, update app, or try on another device |
| Stock data not updating | Market closed or technical glitch | Check if it’s outside market hours or refresh the page/app manually |
Wrapping Up
Mock trading is a great way to get started in the stock market without putting any real money at risk. Before you spend real money, it makes you feel more confident, understand how the market works, and improve your tactics. You can make this practice part into a powerful learning experience if you pick the right site, set up your account correctly, and keep track of your progress. Set up your fake trading account today and start practicing. This will help you get ready for trading successfully in the real world!
| Related Articles | |
| How to do Stock Marketing | Trading Strategies for Different Market Conditions |
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Know moreFrequently Asked Questions
Do I need a Demat account for mock trading?
No, you don’t need a Demat account. Most mock trading platforms let you create a virtual account using just your email and mobile number.
Can I practice options and futures trading in mock accounts?
Yes. Platforms like Sensibull and Neostox allow you to simulate derivatives trading, including options and futures.
How long should I practice mock trading before going live?
It depends on your confidence and consistency. Most beginners spend 1–3 months in mock trading before starting with small real trades.
Can I track my trading mistakes and learn from them?
Absolutely. Maintaining a trading journal and reviewing your mock trades regularly helps you avoid similar mistakes when trading with real money.
Is mock trading the same as real trading?
Not exactly. Mock trading uses real-time market data but only virtual money, so there’s no real financial gain or loss. It’s designed for learning and practice.
