Stock market game
Stock Market - In simple words is a market for the trading of publicly held company stock and associated financial instruments. In much simpler words a Stock Market is where the shares of corporations are traded or where stocks and shares are bought and sold. In yester years a pile of shares was called stocks. And shares meant a share in the share capital of a company. These days’ people of all class can buy and sell stock over the Internet without the need of a broker.
A game as described by Webster’s New World College Dictionary, is a type of play that can involve an amusement, sport, contest, or computer simulation.
The relation between information technology and learning is a subject that has received a lot of attention in the last years. This has what led our game makers to invent the games, which we play today. Before we go know more about Stock Market Games let me list out the main myths of Computer Gaming:
Games are bigger than movies Girls are eager gamers Games make you violent Gaming causes physical defects or changes Games have yet to mature as a medium Games are great educational tools.
Stock Market Games are virtual Stock Market minus the real money. It is regarded as a boon to amateurs and people who want to have a feel of what the stock markets are. A typical portal, which lets you play a game on a virtual Stock Market, requires you to create and account. Once done virtual money ranging from $100,000. 00 is credited in your account. Then the player is all set to buy and sell shares on a live market.
And it just doesn't end there but is a beginning. Some sites allow you not only to trade with Stocks but also offer choices like Options, Futures, Future Options, International Stocks, Bonds, Mutual Funds, and Spots etc. You are allowed to create a portfolio of own and develop, practice and perfect the skills necessary to profit in the real world of markets.
Some of the important Stock Exchanges in the United States of America are
• The New York Stock Exchange or NYSE
• The American Stock Exchange or AMEX
• The National Association of Securities Dealers Quotations or NASDAQ
• Chicago Mercantile Exchange or CME.
Similarly each country has its own stock exchanges. London Stock Exchange is the main stock exchange in United Kingdom. National Stock Exchange and Bombay Stock Exchanges are the most famous in India.
The world is seeing a rise in the number of people investing in Stock Markets. Specifically housewives and homemakers are amongst the top. As the investment to trade is minimized to a computer with Internet connectivity and an online trading account more and more people want to ride the bull.
Stock Market Games offer excellent opportunities for students. This game is designed to foster an awareness of the world of business and finance. It also shows the relationship that exists at various segments of society - management, technology, politics, government etc. Students are able to develop skills in decision-making, researching, analysis and teamwork.
Another interesting feature most of the Stock Market based games include is the option to receive trading tips and calls. Experienced investors’ give the player updates and tips about how a particular stock is performing and where they see the stock is headed. But it is just a prediction and only an opinion. Players still need to exercise their own discretion while trading.
Game sites based on Stock Markets have the following links, which is common:
• Home • Portfolio • Buy • Sell • Transaction History • Pending Orders • Executed Orders
We usually also find the player's personal information ex. When the player signed up and what his / her gain is so far. In addition to these we also find the player's rank if any and who among the other player have gained the most.
Most of the sites offer live tickers, which will help the players to make decisions about buying or selling their stocks in a matter of seconds.
One should at the end of the day understand the risks involved in trading. All should always exercise caution, as
the markets can be volatile. A starter should also have a mentor or a guide who can take him through the rough waters of trading. Things are always not rosy for someone involved in stocks. Traders go through an emotional turmoil in their participation in buying and selling. There are some true stories of people becoming millionaires overnight and a millionaire losing his status within no time. This is when the importance of these games is evident. These games give us the feel of how a real stock market is. We are taken through the technicalities of trading and hope to ride the markets and be a bull. We are also shown if our decisions are the right ones or not. Playing a game on stocks gives us ample time to research, analyze and learn from our mistakes but still not pay for the same. In these games there always is a second chance.
This game truly is for the ones who are looking for action. And just not action but drama too. Drama, which takes a twist and a turn every second when the market is open. Stock games are addictive and players once comfortable spend hours together researching, looking for tips, changing their portfolios, buying, selling, giving tips etc.
A survey by IDSA found that Computer and Video game sales in the US are a $5. 65 billion industry and it is only growing everyday. Most of the game researchers suggest that broadband is a very important premise for playing online. Especially if we are playing a game, which involves money like the Stock Market it is essential for us to be connected without down time, specifically when the markets are open.
Luck does play a role in the world of trading. One can increase the chances of making money if stuck to the basics and not make decisions in haste. That is when the experience of a mentor comes in handy.
So what are you waiting for Just visit one of the recommended sites and see if you are can ride the bull and make some bucks.
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