Does HDFC Securities Offer a Demo Account For Paper Trading?
Yes. HDFC Securities offers a demo account for paper trading, where traders can practise with virtual money. The demo account works on a virtual platform to create a replica of the real trading platform. This account creates a dummy for the real-time market, live streaming of stock quotes, where traders can place buy and sell orders, modify them, and cancel if required. They can also use stop-loss and other forms of orders.
Through this account, traders can check stock price, volume, and all other factors that determine stock price movements. Demo trading helps a person build confidence by providing a realistic simulation of the stock market arena. This helps the traders understand the pressure and deal with market fluctuations. It is a completely risk-free arena where no real money is at stake.