Playing the stock market is not an activity you
want to learn through your mistakes. Fortunes are made and lost all the
time by people who think they had a handle on stock
trading.
We recommend simulating
the experience of stock market investing first, to learn what to do and
not do with your hard-earned cash.
Here are the best games to help
you do that:
WeSeed's No. 1 goal is to teach people about the stock market and take the fear out of investing. From the home page, click the "Learn" tab and you're taken to three levels of instruction, with Level 1's basic lessons like "What is a company?" and "What is a stock?" up to Level 3's advanced lessons on diversification and P/E ratio.
This innovative game can best be described as "Wall Street meets Facebook." Publicly traded companies are replaced by people who sell shares of themselves and buy shares of other people and websites. A player's share goes up based on the number of investors they attract and the Achievements they accomplish for social media activity.
There are videos, articles, and tutorials to help you learn the basics, discussion boards where you can ask questions and get answers from more experienced players, and an online support team ready and waiting to help you. And if you crave more competition, the beta version of the site is offering missions for both fun and informative purposes.
From the makers of Wall Street Survivor and How the Market Works comes StockTrak. The game is geared toward college students, and the registration prompts users to pick whether they are a student, professor, or member of the general public.
The name could have been a bit more creative, but this is one of the best games for teaching kids about the stock market. The Stock Market Game, created by the Securities Industry and Financial Markets Association, has been used by teachers around the country since 1977 to give grade-school kids a hands-on lesson in investing.
This game generously puts $1 million of fake money at your disposal to spend and try to invest your way up the member rankings and win prizes. The makers of the game suggest beginners start by searching some companies, which will be called up with a graph on their performance.
Beginners can start in "fun mode" without the restrictions like maximum number of trades per day. There is also a small collection of helpful articles and FAQs, plus a bookstore with links to recommended reading for learning more about investing.
Don't worry, iPhone owners; we haven't forgotten about you. For stock market simulation on the go, we say your best bet is iTrade. It's got a slick design and up-to-date info on stocks (and your competition's progress). Put your hundred grand to its best use by checking out the Hot Stocks section, or discuss the markets with fellow players on the forums.
Android users are not out of luck either. For your Droids and Galaxies there's Stock Market Simulator, which loads you up with a paltry $25,000 and prompts you to "work your way to the top." The game lets you tailor the graphs showing a stock's history from one day up to a year, lets you view your trades by current, pending, or executed, and allows you to easily see your return on investment.
SmartStocks.com is similar to sites like Wall Street Survivor, but if you want to be a "certified" stock market investor, this site's for you. Under the "Learn" tab, newbies can progress through a series of certification videos, from beginning to intermediate to advanced, to learn about ETFs, options, the Dow, the whole nine yards. [
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