Stock Markets Exposed

As a new trader I would like to practice trading the stocks markets - is there a game or demo account ?

I want to practice trading on the stock markets and am looking for a way to do this without using real money. Does anyone know of a trading game online with a vurtual account where I can practice, or a demo account?

Public Comments

1. I've known lots of people who made millions in virtual trading that couldn't transfer that to the real markets. This is because there is an emotional aspect that becomes involved when the money is real. I think that the thing to do is to enter the real markets and only play 10% of your account at any one time. Use a good trading plan and NEVER let a play turn into a big loss. One should always stop out of a position at no more than a 10% loss.
2. You can find all the basic info you need on websites for free. This site should give you a good start. http://finance.yahoo.com/education Try what you learn on demo sites. If you pick 75% right with play money then you might be ready to start slowly investing. http://simulator.investopedia.com/ http://simulator.zacks.com/ http://www.fxcm.com/open-free-100k.jsp http://www.alpari-idc.com/en/metatrader4/open-demo-account.html Or just google for more. Here are my favorite sites. http://stockcharts.com/ Has basically all you need from fundamental to technical terms. Plus stock screens, charts, public chart lists, and much more useful info. https://www.fidelity.com/ Has good learning resources. http://moneycentral.msn.com/home.asp In addition to yahoo finance. http://www.reuters.com/ For news and more. http://www.marketwatch.com/default.aspx For news and more. http://www.valueprime.com/index.php For rating stock risk/reward ratio and reports. http://www.barchart.com/ For investing in more than stocks. http://www.investopedia.com/ For more great learning tools. http://www.lightninglive.com/ For best software timing your entry/exits any time frame for day traders and long term investors. Others worth exploring. http://www.equis.com/ http://www.stockta.com/ http://www.secform4.com/ Best Wishes, Burt Whitley
3. Yes, there are plenty of virtual or "fantasy" stock market games available and they will allow you to test strategies and to become comfortable with both buying and selling stocks online. They are nearly all free to sign up and most offer prizes so it's worth having a go. Understanding how the stock market works is a bit like trying to eat an elephant - the only way to do it, and succeed, is a little piece at a time. Remember risk and money management are the keys to success. If you lose all your trading capital you are out of the game. Most professional traders risk no more than 0.5% to 1% of their trading capital on each trade, in effect, this means you can get 100 to 200 trades wrong and still survive- just! Good Luck.
4. I am a Rule#1 investor and here is where I test my stocks after doing all the analyzing. Set up your own or join in on other games. Have Fun