What is virtual trade in Sensibull?
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- Updated On:26-May-2021
- Replies:1
Short Answer
Virtual trade is a feature in Sensibull which allows the users to be educated about option trading by trading in real stock scenario with real money. Sensibull will also helps the users to learn about trading in much detail.
Detailed Answer
Introduction to virtual trade:
- Virtual stock trading is also known as paper trading.
- It is quite similar to literal trading an individual can both buy and sell stocks.
- Usually, the people who do this trading try to examine the market trends by understanding the concrete financing investment process.
- People do not trade with real money but practice on how to buy and sell, what strategies to use and how to work on their trading principles.
- You get virtual money in your account where you are planning to virtual trade so that individuals can have complete idea.
- As no real money is involved, this is a total risk-free learning strategy.
- No losses will be made here.
- You can create your unique plans and implement them with virtual money within the online account.
- Reading books and learning is good but virtual trading gives you a practical application to learn option trading.
- Examples of virtual trade platforms: Sensibull, Dalal street, Money bhai, trading view.
About Sensibull:
- It is a third-party option trading platform.
- It has an option of virtual trading so that users can have a good experience.
- Sensibull's mission is to make option trading secure, affordable, and beneficial for everybody.
- Abid Hassan and Abhimanyu Singh formed Sensibull, an options trading startup.
- There are various options and strategies available for individuals to practice option trading.
- Virtual trade gives you easy options so that you understand how trading is done and learn it in an expanded way.
- No losses are incurred when virtual trading is done.
- In virtual trading in Sensibull, now you have the option to compare the trades made by you so that you know how it affected and how individuals can draw conclusions about the same when they trade with real money.
- With advanced features such as real-time Greeks and the ability to evaluate Open Interest, Sensibull makes it simple to comprehend and imagine choice chains.
- There is no such thing as a stop-loss order in this game. Either set the alarm or actively check the prices on a regular basis.
- This educational platform also gives WhatsApp alerts as per your requirement about the stocks, risks, etc.
- There is also graphical depiction of the stocks which helps in understand the context better.
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Discussion (0)
If you're looking for a straightforward and comprehensive take on options trading, then Sensibull should do the job perfectly. However, if you're and expert and want more complex trading tools, then Opstra is the one to choose.
In this current day and age, options trading has become the new cool thing that everyone wants to try. There are many option trading platforms out there that provide various Option trading tools. Sensibull and Opstra Definege are 2 of the most prominent names in the industry.
Both of them provide all the necessary tools like OI (Open Interest) Charts, PCR (Put-call Ratio), IV (Implied Volatility) chart, etc. But the main question lies, which one of them is a better platform for Options trading. Let's find the answer to that question.
Open Interest is a parameter used by technical analysts and options traders to judge the mood of the market. Open Interest is the total number of outstanding option contracts in a particular strike price of an underlying asset. The OI is an important factor as it defines liquidity and the total number of contracts that are traded at a particular point in time.
Basket orders means a customized bunch of shares which can be traded by investors at once. It is one of the best ways as it also helps in diversification of portfolio and helps you the handle the stocks in the best way possible.
If you forget to square off your option contract at the end of the day, the contract will automatically be settled if it's an in-the-money option. The contract would be settled on the expiry date and will be sold at the market price.
Options trading involves two aspects. One is options buying and the other is options selling. To buy an ATM option you will require around Rs 10,000 to Rs 25,000 per lot for an Index or stock option. On the other hand, you will require close to Rs 95,000 to Rs 1,50,000 for selling 1 lot of index option. These amounts change with respect to the time remaining to expiry and other market conditions.
With the increasing exposure of the stock markets, more and more people are trying a hand in options trading. Options trading have become a lucrative place for individuals to earn money. The reality is certainly different. More than 95% of individuals lose money in Options trading, There are various reasons behind this. Find out the reasons for losses and the steps by which you can be a profitable options trader here.
Head into your Zerodha Streak account, then click on the create option, following which enter all the fields of your choice. Click on the finish button to execute the scrips in your trading strategy.
No, Zerodha does not offer a virtual trading platform to its clients. However, if you want to access simulated trading, there is a platform called "Streak", a partner of Zerodha. Zerodha's trading platform is primarily aimed at engaged market participants.
Although everything the Stock broker offers is fantastic, there are a few downfalls of using Groww. These include the exception of trading in the commodity segment, doesn’t have a savings account in 2-in1 accounts that it offers, popular financial tools such as cover orders bracket order aren’t available, and more.