If you're a newbie in stock investing and wouldn't want to shell out money first because you think you lack the knowledge, then you can try simulators of stocks trading or simulation games which can serve beneficial and pose no risk when it comes to money (since virtual money is only involved) but there's a risk of information sharing (because most of these can be accessed using Facebook) though so be warned hehe.
Here is a list of stock trading games which you may find helpful in have a good hold of the trading experience. Maybe you're still a bit scared of venturing into equities, which is really risky 'cause you can lose money in just a few weeks. But hey, these guys are here to at least let us realize what we still don't know about the world of stocks.
Hope you love this list I compiled (these are not ranked po hehe)!
Just visit this link. The good thing with this stock trading simulation game is that you can easily access it through Facebook. There's no need to sign up as long as your logged in Facebook.
As soon as you have access to the Investopedia Simulator, you are free to choose from a variety of games made both by the public and by Investopedia itself. When you begin the Beginners game (as seen in the image above), you'll have a starting value of $10,000. Try playing this game if you like. :)
2. Smart Stocks
Access to the Smart Stocks trading simulator is easy because you can log in through your Facebook account. Its setup is also manageable and convenient for anyone's understanding.
Upon logging in, you'd be given the chance to create your own Fund Portfolio with an available cash of a whooping $1,000,000.00. One more thing one can do here is to create as many portfolio as he/she wants. What I don't like about Smart Stocks though is the presence of ads hehe.
MarketWatch's stock trading game is actually the first stock trading simulation platform I really used three to four years ago. It reflects live price fluctuations and real-time trading, plus it ranks the players based on net worth where you start first with $100,000.
There are a lot of trading games in this site, an example of which is shown above; note however that the game Philippine stocks exchange is already expired.
Here's what to expect from MarketWatch's Game Board. Play the simulator here.
Wall Street Survivor has come up with a more creative, fun way to learn investing. Try it out through its website.
When you landed right on its page, you'll have to register through Facebook or email address. It would only take a few seconds to register.
I would have to believe that Wall Street Investor has one of the best interface I've seen when it comes to trading. Plus, there are a lot of cool stuff to check out like videos and some stock tips.
Actually an app rated 4/5 in Google Playstore, TradeHero is "mobile stock market simulation app that lets you learn about trading without any risk." One can also play this game just by logging in Facebook or Twitter, aside from the traditional email address registration. The initial investment is $100,000. More than just learning how to trade, you actually get to earn money if people follow your trades.
Once registered, you'll be asked which exchange you'd like to trade in - in our case, the ticker is PSE.
You will then be requested to choose only one sector. It will then lead you to your profile page where your stock portfolio is featured.
P.S. Note that these stock trading simulation games provide almost real-time info about the stocks you hold, so it's far from possible that you'll get to play the games on a weekend. Also, please take note that there are a lot of other trading simulators and apps out there. All you need to do is just search. :)
P.P.S. I didn't include the Philippine Stock Exchange's Philippine Stock Trading Game (STG) because as I checked it today, August 23, it's down.
P.P.S. I didn't include the Philippine Stock Exchange's Philippine Stock Trading Game (STG) because as I checked it today, August 23, it's down.
