Saturday, November 26, 2011

Virtual Stock Market Increases Investment Savvy

By Harold Glisson


If you have ever thought about playing the stock market, playing being the operative word, you can do so without risk. Like role-playing games that allow you to test your skills, you can now invest in a virtual stock market.

Using a simulated platform, you build a portfolio of actual stocks with your virtual money. This game is one that can actually do something for you besides waste time. You play the stock market and find out whether you have the skills or the savvy to be an investor. The game will tell you whether you are a winner or loser in the market before you kick in the cash.

Yes, it is a game, but the strategies you develop will serve you when it comes time to put up your own cash. You hone your skills, develop your stratagem and gain proficiency. It will be much easier losing virtual money while you are a novice at the financial game.

You can invest with a realistic amount of money or pretend you are Warren Buffet and take it to the limit. You can invest with the amount you actually have to invest and see where your strategy takes you. If you are already an investor, perhaps for the long haul with conservative picks you can take a wild ride and see how it feels to take some risks.

What you learn in the virtual stock market will lead you onto greater confidence when actually investing your real money. This kind of learning you will not get at school. Besides the basics of stock trading, the game allows for more complicated practices like puts and calls. You can also learn about day trading.

This is one game that could lead you to monetary gain in the current market. With rapid ups and downs, if you can think fast and develop a method for fast buying and selling, you stand to make money. A lot of investors are capitalizing on the roller-coaster effects in the financial sector. In a virtual simulated game, you will find out how good you are. This game does not waste your time.

If you are already an investor with a fairly risk-free portfolio, maybe you want to experiment with holdings you are less familiar with. You can diversify and see how things add up. Stocks you may not have considered before you could find you have a feel for. This is the way to expand your investing horizons. You might find out you are better than your broker.

The world is going through a shaky time. Jobs are falling away, certain professions are tanking. Investing should be a priority for the coming years. Savvy investing, that is. It would be better to have money working for you than you working for money. Check out the sites online and see what they have to offer. You might find yourself a virtual stock market whiz. Next stop, Wall Street.




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