Wednesday 8 June 2011

Virtual Stock Exchange



VSE is an online simulation trading game where you build and manage your own portfolios and compete in games against your friends, classmates, colleagues or other players - risk-free! The use of virtual stock exchanges for beginners to practice and learn new skills and for families and friends to compete against each other has been growing quickly. If you are not familiar with this, it is certainly worth checking out.

At VirtualStockExchange it is possible to create public or private games, allowing you to compete against the world or a group of friends. If you like the idea of competing with the world, some of the public games have several thousand participants. For me, I'd rather play for real, but I can understand the interest and excitement of playing for fun like this. All virtual stock trading takes place in the virtual stock exchange. Most online trading companies offer virtual stock exchanges where trading can take place. Some of them like the Stocks Quest provide even international stocks. You need to open an account and sign up to invest in a virtual exchange. Once in, you can decide on the stocks to invest in and strategies to be used. There is a choice of mutual funds too. Most of the trading can be played as games where in you join in a game or enjoy a private one with friends. Stock Tips really is very helpful for you to have a class before starting or try out an application that allows you to do business with imaginary funds using a real time market place

Most of the virtual stock exchanges provide an initial virtual starting amount. You can use this to buy stocks of one company or diversify and invest in a mix of stocks. Everything you find in a real stock market is also available in the virtual stock exchange. Some of the hosts even provide real time stock quotes to make it as real as possible. Thus, you can monitor your progress of investment through TV broadcast or financial software. There is also a provision to monitor your progress in comparison to others.

Virtual stock trading is educational as well as a lot of fun. The good part about it is that you don’t have to worry about your losses and the bad part is that even if you have amassed a fortune, you have not gained a cent!

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