A fun and educational way to learn how to buy and sell stocks is to simulate stock trading. Learning to invest through trading simulations is also known as paper trading, virtual trading, fantasy investing, or stock simulation. This technique allows you to practice making stock trades without risking your hard earned money. Although virtual can be very beneficial, it can also be misleading. Here is a great article written by the Wall Street Journal that talks about the problems with fantasy investing. Because of the added emotions of switching to investing with real money, virtual trading should only be used to become familiar with the process of buying and selling stocks.
Good broker that offers paper trading
www.optionxpress.com
Websites that offer paper trading
Market Watch
Investopedia
You can also use portfolio tools to simulate stock trading
Google Finance Stock Portfolio
Wall Street Journal Stock Portfolio
Market Flavor Article on how to buy and sell stocks.
Get some recommendations from Market Flavor on stocks to invest in.
Tags:
Buying Stock
Learn How to Invest
Selling Stock
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Comments (2)
Stock market simulators are extremely helpful for new investors. There is no better way to learn exactly how the market works than to see it for yourself through simulations. The simulations have gotten better and better throughout the years.
Posted by Aaron | October 2, 2007 8:39 PM
Stock Simulation Game or Online Paper Trading is always been a very useful tool for novice as well as skilled online stock trader. Its help to understand the stock market in better way and at the same time it boost up the confidence of stock trader to effectively do online stock trading. I am regular online stock trader but still I use this tool to find out different and innovative technique which will help me to trade successfully in my actual online stock trading.
Mike
http://stocktrading-investment.blogspot.com/
Posted by Mike | December 22, 2007 1:15 AM