Sunday, October 21, 2012

NSE Introduces Virtual Stock Trading



The Nairobi Securities Exchange (NSE) has opened up a new avenue for individuals wishing to trade at the bourse using a simulated online trading platform.  

The initiative, which is supported by the Kenya Association of Stockbrokers and Investment Banks (KASIB), will have interested individuals go through basic train before they acquire virtual accounts to explore the world of stock markets.   


In Virtual Stock Trading better known as Online Stock Simulation, one uses mock money to study the risks, returns, and working of financial instruments without committing their hard-earned money. With time (s)he gets acquainted to investment strategies which can be used in a real bourse.

Most simulators award users up to $100,000 in pretend money to start trading with options of buying and selling shares as well as charging of brokers’ fees and commissions coming in hand similar to the real 
thing.   

After the 6-months training programme one will have a chance to switch from the virtual account into real cash. 
Financial advice from qualified and practicing stockbrokers and a well-ran blog will be the main sources of information for the potential investor.   

Some of the well-known Online Stock Simulators include Investopedia Stock Simulator, Yahoo Finance and Fidelity.  

5 comments:

  1. It is always best when stock exchange take step to develope such type of platform for trader with investing their money.

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  2. Nice post. I read total Post. It’s really nice. Thank you for sharing.........


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