The virtual trading competition will help to learn the method, widen knowledge of online trading system and develop analytical skills regarding security trading. The top 10 competitors will be distributed prize money worth Rs 100,000 at the month end.
In order to participate in the competition, first of all, one will have to login in merolagani.com. The participant can login through their Facebook and Google account as well. After login, the user will have to go to virtual trading option among others.
In Virtual trading option, there are various tabs including portfolio, live market, buy/sell and others, through which one can watch the live market and give buy/sell order.
The participant will be given a virtual amount of Rs 1 million for trading immediately after login. The participant can use the virtual amount to buy their preferred stock. Through the buy/sell tab, the user can enter in to the replica of real market depth of Nepal Stock Exchange. The user can buy/sell any stock by placing the order.
One can also watch details of their buy/sell in ‘my portfolio’ tab. Out of the total participants, the name of top 10 traders will be listed in the leader board. By the month end, the top traders listed in the leader board will be distributed a total prize money of Rs 100,000.
If the participant uses all the virtual amount of Rs 1 million and wants to still go forward, he/she can purchase the additional Rs 1 million per week by paying Rs 38.31 through e-sewa and ncell.
The participant who comes first in the leader board will be given prize money of Rs 35,000, second will be given Rs 20,000, third will be given Rs 10,000 and remaining 7 participants will be given Rs 5,000 each.
All participants must strictly follow the rules and conditions. Although, the participants can join and participate in the competition any time, those participants who join the competition in the last two trading day of the month will not be counted in the top 10 leader board.
The competition will officially open from January 1, 2020, however, anyone interested in the platform can use the service right away.
