Online stock and options trading simulation game
Most of the currently active financial simulators use a delayed data feed of between 15 and 20 minutes to ensure that users cannot use their data to trade actively on a competing system. Some simulators can produce random data to mimic price activity. The purpose behind such a system is to let a person practice with fantasy funds in a real-world context so they can determine whether or not they would gain money investing by themselves.
Fantasy simulators trade shares or derivatives of real world items or objects that normally would not be listed on a commodities list or market exchange, such as movies or television shows.
Some simulators focus on sports and have been linked to active betting and wager based systems. Some of them are open source , and others are proprietary with the code being sold as valuable prediction market software. Stock Market simulator engines can also be customized for other functions than just basic stock information tracking. Other applications that can be implemented with this software include popularity tracking and ranking from a set scale rather than an actual numerical value.
Stock market games are speculative games that allows players to trade stocks, futures, or currency in a virtual or simulated market environment. Stock market games exist in several forms but the basic underlying concept is that these games allow players to gain experience or just entertainment by trading stocks in a virtual world where there is no real risk.
Some stock market games do not involve real money in any way. Players compete with each other to see who can predict the direction the stock markets will go next. Stock market games are often used for educational purposes to teach potential stock traders and future stock brokers how to trade stocks. Stock market games can also be used for entertainment purposes and to engage in fantasy trading competitions.
Some stock market games are not based on financial markets at all. These virtual stock markets are often based on things like sports or entertainment 'stocks'. Players are asked to invest in a particular sports team for example.
If the team is doing well, the stock goes up and if the team is playing badly the stock value for that team falls. Another stock market game, Empire Avenue , links a player's share value to their activity on social media sites thus motivating players to invest virtual currency in other players whose social media influence ranks highly.
Simulators could be deceptive or sometimes misleading, giving the beginner a wrong impression that live trading is an "easy fill". These simulators are subject to criticism because they introduce to trading used to do speculation that is considered negatively in the moral context. From Wikipedia, the free encyclopedia. The competition aspect is optional. Other public contests include challenging restrictions like "short sells only" or "penny stocks only. Young Money Magazine's stock exchange game is easy to learn but also fairly realistic, which is a hard balance to strike.
Realistic aspects include a virtual commission that's taken out of each trade, adhering to market hours and rules about how you can invest. Unlike many investing games, trades are made at a real-time price. Learning aspects include convenient help icons on key terms and an intuitive tabbed interface.
Players can also create their own contests or join other user-made contests. MarketWatch will run this mock stock market contest for a total of four weeks, awarding the winner of each week with an iPad.
It's on week three right now, but there's still time to get in on the competition for week four. You must have your selections picked before the week starts on Monday.
The shares that you select are "purchased" at Monday's open and will "sell" automatically at Friday's close. The catch is that all players can only use the 15 to 20 symbols selected for each week.
The companies are selected by the game owner for companies that are projecting their earnings during each week. Lining up picks is easy — players simply drag the company's logo to their trading card and designate if they want to sell short or go long. Although there are some pros playing, this game is especially manageable for beginners due to the limited stock options for each week. Like Young Money's game, UpDown has helpful icons that explain key terms for beginners.
More comprehensive resources in the education center mercifully cover even the most basic of investing concepts. Community features, like the opportunity to collaborate with a group and to see the most-bought and most-sold stocks, are also helpful for beginners.
The "watch list" tool provides a convenient dashboard for monitoring potential picks. UpDown sponsors a monthly contest that rewards players who beat the market with real cash. Image courtesy of iStockphoto , H-Gall. We're using cookies to improve your experience.