Best mock trading account
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. Click Here to find out more. Move money into and out of your bank account inside the app. Test out new strategies before implementing them in the real world, and do it with real-time urgency.
Compete with friends to see who's the biggest wolf. Wall Street is intimidating, particularly for newbies. Hone your skills by building and tracking your virtual portfolio in this stock market simulator. Heat maps are better. StockTouch uses color-coded maps of the top stocks in the major sectors to help you understand the ups and downs of the market. It's Twitter for traders. Get minute-by-minute insights from fellow investors. A Sentiment Indicator shows members' bullish- or bearishness on any specific asset.
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