Sunday, January 24, 2016

5 Hot Stock Market Games for Newbie Investors

If you’re new to the stock market, one of the best ways that you can learn to make profitable investment choices is by playing stock market games. That way, you’ll learn about the how the market works without actually risking any of your own money.

Here are 5 hot stock market games for newbie investors.

1. Empire Avenue

You can think of this game as a combination of social media and Wall Street trading. Instead of companies that are traded on one or more exchanges, people literally sell shares of themselves and buy shares of other users and websites. The value of a player increases just the way it would in real life: when more people are interested in that player. Also, players go up in value for specific achievements they accomplish on social media.

If you want to learn about investing in the stock market, give this game a try. It’s a simulated trading platform that’s subject to the same ups and downs that you’ll see on Wall Street.

2. Wall Street Survivor

Wall Street Survivor is a game that lets you win real cash without risking any of your own. All you have to do is be a top scorer.

Of course, that’s easier said than done. You begin the game with $100,000 of fake money and you have access to tools that help you create your own portfolio. You also have access to tutorials, articles, and videos that will help you learn how to become a better investor. If you’re really stuck, there’s an online support team that’s willing to help you.

3. StockTrak

StockTrak is made by the same company that produced a couple of other Stock Market games, including Wall Street Survivor. It’s a game that’s tailored towards college students, which is why the registration process asks users to identify themselves as a student, professor, or a member of the general public.

The game gives players access to real-time stock quotes from the NASDAQ. However, it also offers trades from 25 international exchanges, including TSX and Euronext.

Players begin with $500,000 and are allowed to invest that money in stocks, bonds, mutual funds, futures, or options.

4. The Stock Market Game

The appropriately named Stock Market Game is an excellent choice for teaching kids about how the stock market works. The game was created by the Financial Markets Association and the Securities Industry, so there’s method to the madness here.

The game has been used by teachers since the 1970s to teach young students about investing. Usually, kids break out into groups and try to build a $100,000 portfolio.

The Stock Market Game also teaches kids about dividends, bonds, and investment strategies.

5. UpDown

UpDown is an excellent name for any game about the stock market. UpDown also offers excellent lessons.

You begin with $1 million when you play the game. You can invest that money as you see fit to increase your rank against other players. The game also offers investing ideas by showing players what their peers are investing in.

UpDown also features an investment glossary that’s a great resource for new investors.

You never know when there’s going to be a stock market dive. That’s why it’s a good idea to do some practice investing by playing stock market games. It’s better to learn with fake money than risk your own money and get burned.

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