Take Stock While You Have Fun

The Stock market challenge game is a make-believe online game where you can invest in stocks, buy / sell bonds, and mutual funds. Basically, it allows you to trade online without the risk of losing money. Also, it is a game that can be played individually or as a group

The benefits of such a game are as follows:

• Provide you good learning about making profitable investments

• Helps you understand the risks involved

• Manage your personal finance

• Understand economic concepts

• Improve your calculation expertise

• Coax you to look for information to help you reduce / avoid your losses

• Fosters awareness in investors

• Builds self-confidence

• Enhancements team spirit

• Helps gain experience

Many of these games are a lot of fun too. These games are also utilized by educational institutions to encourage their students to learn about trading in stock markets. If you want to unravel the world of stock markets and demystify the complexity, then starting with stock market games is your best bet

Types of simulators:

There are two types of online simulators:

1. Financial market simulators: You need to create a portfolio, to play in the financial market simulators while using real-time quotes from companies that would be fed through the portals. This acts as a good indicator to the player if they will make enough money using their skills in a real world

2. Fantasy market simulators: Fantasy market simulators utilize real commodities and services that would not be available on market exchange but soonless create enough enthusiasm in the player to want to bet for them or trade them

Requisites and method of playing:

Before you can play this game, you must:

• Register for free or by paying a charge in any of the websites

• Have a fair idea about stock market jargon's

o Note: You will learn more jargon's as you participate

• Basic knowledge of internet and computers

Different games are played differently because they all give you good experience at trading in stock markets

Playing in groups: To play as a group you can do one of the following:

• Create a challenge with an ID and password, and give these credentials to the people you want to play with. Those who have the same ID and password can play

• Alternately, you can leave it as an open invitation for anyone to join the game

Play by guessing: You as a player can guess the closing rate of the stock of the day and win a prize if the answer is close to the closing rate

Earning Loyalty points: You can bet and earn loyalty points on a particular stock by guessing if the price will increase or decrease during a given period of time

Types of analysis:

• Basic analysis that you will need to do brings your attention to a company's profile, quotes, profit, growth, and so on. This can assist you in making decisions and forecasts about future prices

• Technical analysis will guide you to fall back on past patterns to predict future trends

Source by Aran Mathi

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