For investors new to trading stock, a stock market games will help train the skills needed to be a successful investor. Those that jump into the market without adequate preparation can lose a lot of money. Real-time stock simulators allow you to practice without exposing your savings. The game simulations also enables you to practice trading bonds, futures, ETFs, stocks, and mutual funds. With so many stock trading games in the market, it can be challenging to choose the best Stock Market Game.
The games are developed to suit beginners and advanced individuals such as teachers. HowTheMarketWorks.com, the stock market game, is free to use. Over 400,000 students and individuals use the game to practice and learn stock trading virtually. In 2017, the game was used by hundreds of adult investment clubs and 10,000 high schools, colleges, and middle schools classrooms.
These games allow you to create a custom Stock Market contest for your friends, club, or class. The game simulator operates like a real brokerage account but uses virtual money. All the trading within the games is processed in real time to enable you to have an authentic experience. The education sector also stands to benefit. Teachers/professors can use these games to teach stock trading in their students.
Types of Trading
The trading games found on HowTheMarketWorks.com contains different kinds of trading. You should choose the one that suits you. Some of the trading styles include day trading, long-term buys and hold investing, swing trading, and scalping. Day trading’s goal is to close your trading before the day ends. Long-term buys and hold investing assumes that stock will appreciate over several years.
Swing trading runs for a couple of days to a few months. It is suited for individuals who want trade in stocks on their part-time rather than letting brokers handle their investment. Scalping involves trading stocks at their most volatile time. The trading can last for even a few seconds to catch small price movements.
Procedure on how to Play
You first need to register an account with the stock market games platform. Sign up with your details and get virtual currency for trading. Submit the virtual currency to the trading platform and watch how your portfolio value rises and falls. These game simulations have competitions where you can win real cash, subscriptions, or stock trading e-Books. The games are also linked to a world wide web where you can network with other investors. This networking allows you to interact with people of diverse background and experience.
After learning the techniques of trading on a virtual stock market game, it is far safer investing in the real stock market. This concept helps you test situations with the goal of gaining experience. The advantage with these stock market games is that you learn when you want, at your pace, and most importantly wherever you are. Over six million individuals have deepened their understanding of investing using these simulators. It is never too late to start your stock market training.