Wednesday, October 7, 2009

Virtual Stock Trading: Step in the Right Direction

Virtual Stock Trading

We all know of people who invest a lot of their time and efforts playing the stock market game. Many of us would like to learn how to play the game ourselves, but are too worried about the potential risks associated with trading. Back in the olden days when people had to call their broker to buy or sell their shares, information was also not readily available to the public and it was a common concensus that it be best left to the professionals.

Things have changed. We are now in the information age and the board has been swept clean, advantages that were held by the brokers and the information holders have been cut drastically, and updated stock prices can be found with a few clicks of a button. You can even learn to invest without the risk and fear, and without even spending a dime. I am talking about virtual investing, the most crucial tool for beginner investors to hone their skills before entering the market with their hard-earned money.

Websites such as VSE Marketwatch and HowTheMarketWorks teaches ordinary people how to break free from their investing fears, and encourage them to learn and compete with other similar people in games that simulate the real stock market, but with virtual money. You can even simulate the amount that you have to invest, lets use $1000 as an example, and purchase stocks in the same way you would if you were investing online. These virtual markets allow you to track your investments and see how they perform against other stocks in the market, with clear gains or losses. Either way, it is a learning experience and whether you are a ten year old or sixty, we all have to begin somewhere, and what better way to learn than in a safe environment?

During these troubling times of economic recession, the rich will continue to get richer, and the poor will continue to get poorer. The middle class is slowly disappearing, and it is of utmost important that our children learn the value of investing their money wisely, or see it turn to dust like so many who have neglected their financial education. Virtual stock exchange promotes the idea that we should all take the steps necessary in educating ourselves to prepare for the future.

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23 comments:

  1. Lost the post bro. I made my first trade last year and it felt really good. Wasn't much money, but it's a start none the less. Keep the info flowin'! I wanna see some good tips on here.

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  2. I didn't have time to read it all but it is very interesting.

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  3. oh, thanx for the advice! following and supporting this.

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  4. Nice post very interesting!

    Showing my supp :)

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  5. wow thanks bro this helped a lot

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  6. I always wanted to look into stocks, I just need to make more money first.

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  7. the downside to virtual trading is high frequency trading where stocks are bought and sold through a preprogrammed algorithm set up by investments systems.

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  8. @ problem.question

    yes, i've read about that and it is definitely true. I believe that there many out there who are profiting through a system that can be hacked and distorted, perhaps through preprogrammed algorithms... I wish I knew more about that, but I will look into it.

    There are many "fairly' legit ways to trade online, I would hope that there are still decent and fair people out there who truly would want to let others prosper instead of hording all of the wealth for themselves.

    Unforunately this may not be the case... But I will still try and post useful information nonetheless

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  9. Helpful post, good read. Supporting you bud, heres my blog-

    http://blowyourmind01.blogspot.com/

    cheers

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  10. Sounds like a great way for a beginner like me to get started

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  11. i've been buying stock since i was 15

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  12. add me back dude, i got a stock market blog updated regularly i need viewers. thanks so much. i added u.

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  13. I've been wanting to try this...I think I might now :D

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  14. Nice post..useful

    Showing my daily supp :)

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  15. Good stuff. Though i'll wait before starting over again as fate must wish me to remain poor. Opened my first trading account a week before the first "big crash" in 2008

    Needless to say. I was not amused.

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