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Health & Fitness

Playing the Trading Game! – How Games Teach You More about Stock Market than Books

There is a reason why kids are encouraged to learn by participating in educational games. It helps them to retain better understanding of the concepts and they enjoy the whole process too. However, this method of imparting education does not only apply to children, but anyone can try it out. The stock market can be quite complex and challenging to understand. Usually people fail to delve further into the finer nuances of Automated Stock Trading Systems because they have a lot of capital on the line and risking such amounts could prove to be a wrong decision.

Virtual trading games are gaining popularity, especially among traders, who can try out their strategies as well as check the effectiveness of their decisions. Trust me, the stock market is the last place where you would want to learn from your mistakes. Every wrong move can cost you considerable amount. The safest way to approach this is to participate in games / simulations that mimick the dynamics of the stock market and this should give you a fair idea about the steps that need to be taken to avoid potholes along the way.

Check out the following games that help you to polish your skills as a trader without involving even a penny in the process.

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WeSeed

This game is designed to make people less fearful of investing. If you are an experienced trader and simply want to test your strategies, then go right ahead and start playing with the $10,000 worth of WeSeed cash. However, if you are a newbie or have fairly less knowledge of the stock market, then you can use the lessons provided in the game which range from basic level to advanced levels. You can create a virtual portfolio and browse through companies based on your areas of interest and this gives you pretty much the same experience that you would be exposed to in a real world scenario.

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Empire Avenue

This game makes use of people who take the place of publically traded companies and they sell their shares while purchasing shares of other people and websites. A player may increase in the ranks by getting more people to invest in them and by achieving certain milestones in the required social media presence. Even though the game lays a tad bit more emphasis on the development of strong social media profiles for the players, it also encourages the participants to hone their researching skills by means of which they may find out extensively about a company before making any investment decision.

Wall Street Survivor

There is no better reward in a stock market simulation game than getting real money. Wall Street Survivor rewards its top players with real cash and prizes. All you need to do is make an investment of $100,000 in real companies but by using game cash. The game also provides the necessary tools for coming up with a stunning portfolio. Need help in managing things and understanding the game. Simply head over to the training resources (Articles, videos, etc), or get help from the discussions forum. The game also has an online support team that is available to provide assistance.

 StockTrak

This game is targeted at college students and is aimed at providing an in-depth understanding of investments and stock trading to students. At the time of registration, players are required to identify themselves as either a professor, a student or someone from the general public. Not only do you get live feed from NASDAQ stocks but 25 international exchanges are also integrated in the game. Players start out with a capital worth $500,000 in game cash and can invest in stocks, bonds, options, futures, mutual funds, etc.

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