Madoline and I have been thinking about investing for some time now but really have no clue when it comes to stocks and how the stock market works. Then recently, I happened upon a site called Wall Street Survivor, an online stock investing game where you can learn to trade stocks risk-free online in real time.
The stocks in the game reflect stocks in the real stock market today, with only about a 15 minute delay. (You can upgrade to real-time quotes for a fee.) So, when the real market is closed (on weekends for example,) the stocks don’t update until they re-open and trading in real life begins again.
You start the game with $100,000 (in virtual money, of course) that you can use to trade with. You research the stocks and buy and sell as you see fit. For a beginning or aspiring investor, this is a perfect and fun way to learn about the stock market. I’ve only been playing for about a week, but have already learned some things. And despite it all being virtual, you still can’t help but moan and groan when your stocks go down and cheer when your portfolio grows.
A few features of the site are:
- Research tools for comparing stocks
- Records of stocks’ histories from 1 day, 5 days, 1 month, 3 months, 6 months, year to date, 1 year, 3 years, 5 years and 10 years.
- Daily personal ranking amongst all players
- Loyalty points for logging in, trading and referring friends (points can be redeemed for prizes and gifts)
So join in the fun and learn how to invest in the stock market and get a shot at winning $50,000 (real money, I think) while you’re at it!