Khelostocks is a portal built around educating and empowering retail investors in India. The product helps budding investors to experience the dynamics of real time stocks trading on a zero cost and zero risk basis. Novice investors can learn the basic of trading and test their trading fundamentals and techniques. Not only this, khelostocks is also an investor community portal that helps investors to network and collaborate to learn from their peers who are at different stages of their learning curve.
The concept might pickup good traction considering the fact that there are people who are actually left with no money to trade
How does it works?
Every client, on signing up, is provided with virtual one million rupees. Real NSE market data of more than 600 stocks listed on NSE is streamed into the Khelostocks. A user can place buy or sell order on both intraday and delivery basis in the Khelostocks trading systems using the virtual cash provided to him. Order can be placed at both limit and market rates. Now as the price desired by the client is reached in the spot market his outstanding order is materialized and client becomes an owner or seller of the scrip as the case may be. As long as the order remains outstanding in the Khelostocks order book, corresponding buying power is blocked for the client. On buy trade, money is deducted from his cash assets and an initial margin is charged. In case of a sell trade money is credited to his cash assets. Client’s net profit, loss and net assets are updated to his Account summary. Hence the client is playing with real time stock values
and trading techniques but with virtual money.
For more info visit: www.khelostocks.com
Tags: Khelostocks, Startup, Stocks, Trading
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