Stock simulators are the best tools out there to get your feet wet in the world of Stock trading. It is particularly useful for people who do not have the capital to experiment with the real trading world.
Stock Market simulators help with buying or selling virtual stocks, track and analyze results all from the comfort of your computer and without investing even a single dollar.
The basic stock simulators provide a list of investment options and strategies for trading. The more advanced ones provide securities and currency trading. It is generally advised to opt for the advanced simulator only after sufficient training and knowledge is acquired through the basic versions. We have listed out the most popular simulators out there, check them out to see which one is best for you:
- How The Market Works
It is deemed as the world’s most popular game for Stock Trading. It registers the user through the usual credentials and once that is done, trading can begin with virtual cash. This site offers American and Canadian Stocks, Mutual Funds and exchange – traded funds. It also offers the advanced features such as currency trading.
Even the stock trading time can be simulated on this site. However, it also provides an option for 24-hour trading for people who want to learn and practice full day. Apart from the game alone, this site possess a lot of informational articles to guide users to the know-how of trading as well as it provides valuable data on popular stocks which helps the users formulate their strategies.
The most glaring limitation of this website is that ‘options’ trading is not available and also the stock screener is limited in terms of information.
- Wall Street Survivor
This is another famous game offers stock trading, options and currency trading. The registered users begin from a ‘novice’ level and upgrade by undertaking a variety of educational courses.
This is an exceptional platform for beginners with zero knowledge of stocks. The user interface is quite simple and intuitive; users are rewarded through contests and challenges. Difficult data in charts and graphs are broken down to simple, easy to understand bits.
On the flip side, investors looking for some serious experience and feel of the market would find this too novice. Also the social media design brings in a lot of unwanted conversation and little talk into the game.
- The Investopedia Simulator
The website Investopedia is already a go through guide for every investor and to add to it, they have come up with a simulator that merges excellently with the content. Its simulator includes both basic and advanced methods of trading. Trading is done in US and Canadian Markets and the sessions are designed for both beginner and advanced level investors. The simulator also offers customizable options such as variable commission rates, margin and options trading. It is a complete solution for all types of people wanting associate with the market stronger.
The solutions provided by these simulators are quite comprehensive; the more the user practices daily trading using these, the more effortless will be his / her movement to the real market. It would no longer look like a confusing and complex world.
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