Now, you can try your hand at stock trading even if you don’t know the basics yet. Theres is a stock market game, or stock simulator, that imitates the actual moves and activities of a live stock market, allowing beginners to practice trading stocks without the risk. There are basically two kinds of free stock market game online applications. Read on and know more about these games.
The financial and fantasy stock game simulators are the two kinds of free stock market game application. A financial free stock market game online application allows you to generate a portfolio based on real stock entries, but using play money.
To ensure that the information and date may not be used to do actual stock trading using these information, these applications use delayed data feed. Most American stock sites run on such a system; their free stock market game applications run on a delayed ticker their systems may not abused for illegal gain.
Some free stock market game online applications are also designed specifically for study, either as part of the syllabus program, or as additional instruction. These are targeted especially for business students who may be interested in taking up stock trading as a career. There are many free stock market game applications; there are some that are keyed to specific stock markets like in New York and London, as well as markets in various countries like Australia and India, among others.
Another type that you can use to get used to the experience of stock trading is the fantasy free stock market game application. But unlike financial free stock market game applications, fantasy simulators work on a different level.
Fantasy free stock market game applications feature fantasy (Read: Unreal and imaginary) stocks that represent real items which, however, would never be traded in the real trading setting. Some items being traded in fantasy free stock market game applications would include longevity of certains books on the bestseller list, success of certain movies at the box office, antics of infamous celebrities, band breakups, and more.
Another stock market game application is also based on sports. These items are not real trading commodities. Instead, what fantasy free stock market game applications do is show how the principles involved in an actual stock trading setting may work. By making use of analogy, this type of free stock market game application is an ideal way for anyone with no background in trading, to be able to understand how the stock market works. Especially in fantasy free stock market game applications because these often use items that are familiar to a lot of people.
These systems are just to let you practice stock trading with play money in a real-world stock market scenario. One of the many ready applications of the experience you can gain from free stock market game applications is being armed with the knowledge of stock trading, thus, enabling you to know more about what your broker is talking about. Who knows, by learning the ropes of stock trading with a free stock market game online application, you might even be able to do direct stock investing yourself.
By Hans from Pixabay