Kochi: Aiming to invest in the stock market but unsure of how it works? Learn from this app.
Hedge Equities, one of the leading financial services company based here, has launched the mobile game app 'TORO e ORSO' (Italian for bull and bear) after success of the earlier board game, which was well received among the youth and prompted them to go forward with this to make simple the learning the basics of stock trading.
The app has been developed by C Shark, a company that has made a mark in the game development industry, with the support of Hedge School of Applied Economics in Kochi.
Alex K. Babu, Managing Director, Hedge Equities, said that using apps and games is the best way to teach youngsters about the basics of share trading as they pick up things easily through games.
"The android based game, launched as a single player one, has three levels - beginner, amateur and professional.
While the beginner level has 10 rounds, amateur and professional levels have 20 and 40 rounds respectively," he said.
Initially, players will get a virtual amount of Rs 5,000, which can be used to invest in any one of the ten sectors - oil and gas, telecom, FMCG, automobile, realty, pharma, power, IT, metal and banking.
The sectors will be marked on the spinning wheel.
With the spinning of the wheel, chance cards appear and it indicates an effect that could positively and negatively affect any of the sectors.
For example, a chance card might have in it, 'deficit monsoon' and therefore it will lead to a loss of 100 points if the player has investments in FMCG sector.
After each chance card, scores will be displayed and a macro card will appear after each level, announcing news affecting all 10 sectors and mutual funds simultaneously.
After the completion of all rounds, a scoreboard will show difference between gains made and losses incurred by the player.
The game enables the player to assess his decisions by analyzing the portfolio and the score.