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Now a web simulator to hone skills of amateurs for share market

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Express news service

Posted: Feb 01, 2008 at 0057 hrs IST

Mumbai, January 31 The layman investor may rejoice. For, the country’s first comprehensive financial trading simulator — tradecracker.com http://tradecracker.com is here inaugurated at Jai Hind college by Jayant Patil, Minister of Finance and Planning, Maharashtra on Thursday. The website, http://tradecracker.com will help amateurs like students and housewives learn about the market through mock trading before they enter real-time trade.

Brainchild of 23-year-old Vaibhav Morarka, Director of Global Tradecracker Ltd., this website simulates real-time trading for the user and thereby helps him gain expertise in investing.

A management graduate from Boston University and son of Managing Director of WH Brady Co Ltd Pavan Morarka, Vaibhav is candid: “This user-friendly website will help layman investors who are not from the realm of finance and management learn about the share market. The web will help them in informed decision making and developing analytical skills to know which investment will yield better results before they start investing in shares real time.”

Applauding the effort of Morarka, Patil stressed on the need of having training and education in investment planning in all colleges. He said, “This website will reduce the gap between students from finance background and non-management students.

Moreover, with the 55 per cent growth rate of Nifty and 48 per cent growth rate of Sensex, India’s share market is growing and this website will help people participate in the market to benefit from the growth rate.”

For its usage, according to Morarka, the user will have to create a mock profile which opens them to the windows of learning the market. “The members can trade NSE listed equities, NCDEX and MCX listed commodities and mutual funds using mock money,” he said.

And not just that, the user will also be able to learn about the wrong decisions taken during mock trading. “The website has a reason option in which the user will type why they selected a particular commodity, and then based on the results they can know about their decision making skills,” Morarka added.

The most useful areas for students on the website, according to Morarka, are that they can see the current news feeds, research about different commodities and also click on the employment option to apply for internships at formidable finance companies.

“The forum option will help students have a conversation with fellow users and also discuss trade. The website will provide them a real-time environment,” said Morarka.

The subscription comes at different rates. For one-year it is Rs 500 a month, for six months Rs 600 a month, and Rs 900 for a one-month subscription.

Morarka added that the recent user of the website is Indian Institute of Management (IIM) Ahmedabad. “Students are using the web during their portfolio and security management classes,” he said.

When inquired about similar products for rural India which is cut off from the markets, he said, “A lot of projects are in the pipeline, they will be a surprise.”

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Want to get a hang of it by Josh on 05 Nov 2008

Lets see how it helps

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