Stock Market Game — Getting Your "Investing" Feet WetIn our Stock Investing Prerequisites section we covered an important idea .... paper trading. Let's explore a sophisticated extension of paper trading. But first...
Paper trading means simulating your stock transactions. So you would use paper and pencil or a computer to record your stock transactions. You won't be using real money at this point ... just imaginary money You would pick an amount to start with... say $10,000. Do your research like you would if you were actually using $10,000 to invest. Decide which stock and how much you want to buy. Check the market rate you buy it at. Record your transaction. Doing this gives you hands-on experience with stock investing.
Let's face it... paper trading involves keeping meticulous records. This can be a big turn-off for most people. How about letting the computer keep score and all you do is set it up initially? Let's explore a few ways in which you can do this. We'll take a look at some games that help you get your feet wet as well as do all your record keeping .... We think it's a great idea to turn stock investing into a game to get people interested in educating themselves. Here, we concentrate on games that do a good job teaching ....
Here's a convenient list of some good stock market games/simulators that are free.... To wrap up, we've reviewed some excellent alternatives to paper trading including a list of free stock market games. We hope you try some of these to get a taste of what stock investing is all about. Also, it's a great way to test out some of the strategies you learn here. Please subscribe to our Free Newsletter for great tips on how to get started and learn to invest by yourself.
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