It’s not everyone’s cup of tea to jump directly in the water and start trading stocks with real money. For some people, trading can prove to be very overwhelming while to others it may seem like something very normal. But, diving into the stock market as someone who is uninitiated and to think that you’ll make millions seems like living in the fool’s paradise.
To lower the risk of losing all of your hard-earned cash, you can either take some guidance from someone who is experienced (and good) at trading or learn it yourself using virtual stock trading games.
Say what? Virtual stock trading, also referred as paper trading is a simulated trading process for beginners to practice investing without having to commit any real currency. There are platforms such as stock market stimulators and virtual stock trading games that endeavor to create a replica of real stock market by duplicating some or all of its features.
These stimulators manipulate virtual money and investment positions so that it behaves analogous to real stock market. There was a time when online trading was not so ubiquitous, due to which virtual stock trading was considered really difficult by the majority of new investors. But, now that most of the calculations rely on computers, would-be investors can try and practice trading on simulators before committing financially for real.
A lot of investors also use such virtual platforms to test new investment strategies before practicing them for real.
Strategies such as short-selling, leverage, forex and derivatives trading can be tested on virtual stock market as they require a high level of expertise and technical knowledge. Using such techniques, new investors can reduce the amount of risk that comes along when you are a beginner.
Basically, simulators can be categorized into two types, i.e., Financial Simulator and Fantasy Simulator.
Financial Simulators
This story is from the August 2016 edition of Technowize.
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This story is from the August 2016 edition of Technowize.
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it’s not everyone’s cup of tea to jump directly in the water and start trading stocks with real money. for some people, trading can prove to be very overwhelming while to others it may seem like something very normal. but, diving into the stock market as someone who is uninitiated and to think that you’ll make millions seems like living in the fool’s paradise.
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