Welcome to the Trading Floor

Originally published in HT Horizon, December 29, 2010.

The Online Trading Academy launches its First Indian Center in Lower Parel, Mumbai. It will give students real life and real-time exposure to the stock market.

Online Trading Academy, the largest player in trading education, has set up a centre in Mumbai for students who want to learn the functions of the stock market. In partnership with Sharekhan, their first Indian centre is in Lower Parel.

"What sets us apart from others is that we teach people to trade by having them invest real money in the market," says Rajesh Vora, Vice President Online Trading Academy. "Sharekhan has an online trading platform called Trade Tiger which our students use, and the Academy will bear all the losses made in that period."

The courses currently include topics such as stocks, futures, currencies, technical analysis, risk management, and asset management. Come January, the Academy hopes to launch asset-specific classes.

The course runs for seven days of in-class sessions, and includes two months of online sessions. The cost for the course is 87,000 rupee, including unlimited free re-takes of the class, and all trading costs. Once a student completes the class, if he is actively trading with Sharekhan, the company will grant him 100% reimbursement via discounted brokerage.

"The classes are conducted during market hours," says Darek Zelek, master instructor, Online Trading Academy. "Each student gets 1 lahk rupee to invest through the duration of the course. While our curriculum is international in its outlook, and teaches how to recognise how price oscillates, this particular course is focused on the Bombay Stock Exchange."

Free Class