The layman investor may rejoice. The country’s first financial trading simulator, tradecracker.com, is here. Inaugurated here by Maharashtra finance and planning minister Jayant Patil today, the website, tradecracker.com, will help amateurs like students and housewives learn about the markets through mock trading before they enter real-time trade.

A brainchild of Global Tradecracker Ltd’s 23-year-old director Vaibhav Morarka, the website simulates real-time trading for the user and thereby helps him gain expertise in investing.

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.

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