What Is Virtual Trading, And Why
Play A Stock Market Game?
What is virtual trading, and why on earth would you want to spend your
time playing on a stock market game? Let me explain why you should take
this sort of game very seriously indeed.
If you want to make money on the stock markets then you basically have
three choices.
Your first choice is to hand your money over to a stockbroker, letting
them make money for you. Or you could dive in and do it yourself, or
you could start out by trying your hand at virtual trading by using a
stock market game. Let's just analyze the reality of those three
options.
Your first option of hiring a stockbroker to invest your money for you
is a safe bet. But with safety comes mediocrity. Because your
stockbroker is going to take a cut of your profits, and they'll want
this cut to be fairly predictable and safe, which means they'll be
playing those stocks which only tend to return fairly modest profits.
Then they take their cut from those modest profits and hand you a sum
of money that's pretty devoid of anything to write home about. That's
if you can afford the stamp.
Your second option is to dive right in and do it yourself. This,
however, is fraught with problems. It's a bit of a catch 22 situation
because in order to play the stock markets well you need a great deal
of practical experience in trading stocks, but to get that experience
without becoming bankrupt you need a great deal of experience in
trading stocks. See what I mean?
So your third option is really the only one to consider seriously if
you're looking at ultimately making sound investments, trading expertly
and safeguarding healthy profits. It's important to be aware that in
almost every single example of a decent stock
market trading game you are actually playing the real stock
market. In fact everything is real, including the interface, the data,
the rises and falls of stocks and shares. The only thing which isn't
real is your money.
Virtual
Trading in a Stock Market Game
Once you open a virtual trading account you're given a sum of virtual
money which you can then use in exactly the same way as investors and
stockbrokers do every day. And don't imagine for a moment that it will
feel like a game! Most people find that they very quickly become
hopelessly caught up in the heat of the moment, the thrill of the chase
and the excitement of online trading that they completely forget that
their gains are virtual.
Fortunately of course, their losses are virtual too, and believe me,
there will be losses. No amount of book reading or theoretical
knowledge can ever fully prepare you for playing the stock market for
real.
So if you're serious about trading, and you don't have a bottomless pit
of money which you are prepared to lose, then by all means bone up on
the theory, but get yourself a virtual trading account, sign up for a stock market game,
and I can assure you that you will find out very quickly why it's the
best of your three options, and the only way to gain the experience you
need in order to start playing the stock market for real.
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