Simplifying the world of stock trading for you

Online coaching platform Cosmic Wealth co-founded by Thiruvananthapuram-based engineers Ridhwik Vinod and Goutham Bhaskar A, helps aspiring stock merchants

Mukesh Nair, a flight crew member, was “grounded” after the pandemic struck. “As the airline industry nosedived due to COVID-19, I returned home and things turned a bit difficult. But I suddenly had a lot of time on my hands,” says the Thiruvananthapuram native. He determined to chop his enamel on stock trading, one thing that appeared “alien” earlier than, and says the on-line platform Cosmic Wealth got here in useful. “The new interest has helped me eke out some supplementary income in these tough times,” he provides.

Cosmic Wealth, based by two engineers, Ridhwik Vinod and Goutham Bhaskar A, supplies “community-based” coaching for aspiring stock merchants and assist demystify the nuts and bolts of the world of stock markets. Since its inception two years in the past, it has introduced collectively over 900 members of their neighborhood who’ve acquired coaching in stock trading.

Self-taught stock merchants, Ridhwik and Goutham say they launched the start-up after they discovered the going worthwhile for themselves and needed to assist others study the nitty-gritty of on-line trading, one thing usually deemed solely for specialists. “I started my journey in stock trading when I was 17, with the help of my dad’s account, who is an investor. He used to follow news on stock trading constantly. I came across stories about people making and losing money and wanted to find out why they were losing, whether this was to do only with the stock market or with the approach of the investors,” says Ridhwik. He says he learnt the tips of the commerce on the Internet and thru YouTube tutorials earlier than giving it a go utilizing slightly pocket cash.

Goutham says throughout faculty days, the duo took offline courses on stock trading for different college students and people considering studying about it earlier than launching Cosmic Wealth. “One does not need a background in commerce or economics to become a successful stock trader. What’s more important is having a good idea about the workings of the stock market, discipline and diligence,” factors out Goutham.

Anyone above 18 and with a Demat Account can attempt their hand at stock trading. Classes are held on-line by way of video-conferencing providers and supplies are shared utilizing the on-line platform Teachable. Apart from Ridhwik and Goutham, two educational trainers additionally lead the classes. “It is a misconception that you need a large capital to start investing in the market. In fact, you can start with as low as ₹100,” says Ridhwik.

Classes are supplied in two modules or “membership” — Gold, a three-week programme that covers solely the fairness market that enables for commerce any time between 9.15 am to three.30 pm on weekdays, and Prime, a six-week module that, aside from fairness market, covers by-product and commodity markets, and foreign exchange market, which is open from 9 am to 11.25 pm IST, permitting extra flexibility. Fee is ₹6,200 for Gold membership and ₹9,299 for Prime.

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