About paper trading...

I heared from this forum ,its better to start with paper trading before investing real money.i googled but i can't find a site dealing with the same..
so some body let me know about some free paper trading sites dealing with indian stock markets..thanks in advance

Hi,
It means to simply start with a piece of paper. Find a handful of stocks that interest you, for what ever reason. Write down the company scrip. the price today and simply follow the price movement over the next couple of weeks and months.

If you know how to analyse the company fundamentally and technically, then you can also include the date and price you would purchase the stock for and note a stop loss level etc. And further include a target price, which you believe the stock can reach and note when you sell or your stop loss would be executed.

If you want to get really into it, include brokerage fees, taxes etc.

Even when you start trading with 'real money' keep this paper trading 'account' going. I use it to identify really good levels to trade and sometimes you get some good surprises with companies you may have not traded for some time.

There is tradecraker.com which may not be free, or try moneybhai.moneycontrol.com. I haven't tried them personally but let me know if they suit your needs. I think there is one on Times of India/Economic times website.

All the best, hope this helps.
Class.