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

A management graduate from Boston University and son of WH Brady Co Ltd managing director Pavan G 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 in developing analytical skills to comprehend which investment will yield better results before they start investing in shares real time.”

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.

Applauding Morarka’s effort, Patil stressed the need for training and education in investment planning in all colleges. “This website will reduce the gap between students from finance background and non-management students,” he said.

“Moreover, with the 55 per cent growth rate of Nifty and 48 per cent growth rate of the Sensex, this website will help people participate in the market to benefit from it.”

For its use, explained Morarka, the potential investor will have to create a mock profile. “He can then 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 he selected a particular commodity, and then based on the results he can gauge his decision making skills,” Morarka added.

The most useful areas on the website for students are those where they can see the current news feeds, research about different commodities and click on employment options to apply for internships at major finance companies.

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

Morarka added that a 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.

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