Best Free Online Stock Games for Beginners.
The best stock market games for beginners are those that most realistically reflect
actual trading in the stock market.
Stock market games are nothing new.
Most beginning investors do a little “paper trading” before committing
real money to the stock market.
However, the results of paper trading can vary wildly, and are therefore
only effective if the stock trading simulation is done under strict controls.
It is a myth that only beginning investors play games and paper trade.
With the help of sophisticated software, even some of the most seasoned traders
test new trading systems before committing real dollars to them.
It only makes sense to test a theory in real-world circumstances
to see if it will be effective.
Some of the best stock market games for beginners are made even better
by the fact that they are free.
Providing real-time quotes and executions on trades, these simulators remove
the human element from the simulation.
When paper trading, humans will naturally give themselves the benefit of the doubt
when it comes to trading, often convincing themselves that they purchased at the low
of the day and sold at the high of the day.
On-line trading games provide more accurate results, perhaps lowering anticipated
returns but providing invaluable feedback in the form of a realistic simulation.
Top 3 Best On-line Stock Market Games.
One of the most popular stock games is Wall Street Survivor.
In addition to being a realistic trading platform, Wall Street Survivor offers
the additional benefit of a real cash prize to the best traders every month.
Competing against other traders makes the stock market faster and more fun.
Another excellent paper trading platform the Investopedia Stock Simulator.
It offers the trading platform, plus volumes of educational information on
investing techniques and terminologies.
In addition to the simulator, there is an Investopedia Stock Simulator Blog
to keep you up to date on the system.
Finally, another very popular simulator is Fantasy Stock Market.
FSM offers league play as well as individual trading, so it is a good way to test out
investment club strategies and to compete with and against friends and family.
The top traders are listed on the home page every month, and the most active
stocks traded are listed separately.
On-Line Futures Trading Game Too It bears mentioning that there are also games and
simulations available to those wanting to learn to trade stock index futures.
Futures entail a great deal more risk than stock trading, but the increased
leverage can mean much higher returns.
A good place to start is at Mock Trading.
This is a paper simulator for futures.
Beginning investors will find stock index futures there, as well
as dozens of other commodities.
Paper trading is especially important in the futures market because the market
can move against an investor very quickly and decimate his entire portfolio.
It is important to know to stop paper trading.
Once you’ve earned consistent gains in a simulator, it is time to commit your money.
It doesn’t do you any good to up 1,000% in a fake account.
Once you are comfortable trading for fun, it’s time to get into the
market and make some real money!
This post is part of the series: Investors and Stock Market Games.
This series of articles describes the available stock market games
and simulations available and explains their benefits to beginning investors.
Best Stock Market Games for Beginners.