Tuesday, November 21st, 2017

What are the best virtual stock trading games?

I want to play a game of virtual stock trading. One where I can keep a portfolio of stocks and everything is in real time. I tried UMOO, but I have to be in a tournament to see any changes. One where you can have virtual money and real time stock portfolio. Thanks

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4 Responses to “What are the best virtual stock trading games?”
  1. jeff410 says:

    Investopedia.com has a simulation with options.

  2. Band of Analysts says:

    http://www.kaChing.com actually has a pretty nice platform and a good investing community. You can create your mock portfolio, it charges you trading fees, transactions are entered using real time data (even though it may show you delayed data outside of transactions), and you can follow other managers’ activity on the site. Another decent option is http://www.updown.com, though the community is not nearly as strong and the site layout can be confusing. A third option is http://www.marketocracy.com, though the website is relatively slow and the community not as active. It’s the older of the three and perhaps has more depth in terms of user expertise.

    I think updown.com is the only one that has actual games and contests that you can enter with your portfolio, whereas the rest are geared more towards learning.

    Mock trading is a way to test different strategies and get more familiar with investing, but if you want to take your skills to the next level with something more educational, you should check out: http://www.bandofanalysts.com. The blog is free and can help you develop a good sense of how to read the markets to understand what’s really going on.

  3. Max M says:

    If you’re a rookie in investing or stocks, go to

    http://www.finance.yahoo.com.

    Open up a portfolio without using real money. You can give yourself as much or as little money to try out the market. The stocks you want to focus on is consumer staples, consumer discretionary, and healthcare. These are DEFENSIVE stocks that will survive through good and bad times. Most of my positions are in these stocks. Some names include 3M, Procter & Gamble, Kimberly Clark, Exxon Mobil, Walmart, Costco. Everybody’s got to eat and wipe their butts regardless of the state of economy. Many of these companies survived through the Great Depression.

    That’s the benefits. You can sleep at night knowing your money is doing well. There are NO guarantees that you won’t lose money. It’s just that these stocks are the best. They pay good dividends too.

    Then once you’re comfortable and test the waters of the market, you can finally put some real money in. Go to Scottrade.com. They’re excellent for beginners.

    If you’re new to stocks, DON’T DAY TRADE. You’ll a rookie in a world of professionals. I tried day-trading with Citigroup and AIG when they were a little bit over $1. I had some luck at first, making about $30 a day but I was way over my head. My luck didn’t last long and I had to rethink my strategy.

    Day trading involves A LOT of commissions to the broker. With all the commissions deducted from each trade, you’ll be lucky if you only lose half your money.

    I would just day trade using Yahoo! Finance. Open a stimulation account, give yourself $100 worth of fake money and play it in the stimulation format. You’ll see what I mean by losing money every easily.

    Good luck.

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