Learn to Trade With an Online Stock Market Game. Know How?
“One of the very nice things about investing in the stock market is that you learn about all different aspects of the economy. It’s your window into a very large world.” ― Ron Chernow
Stock trading refers to the buying and selling of shares in a particular company, in return the investor holds a stake in a company. Depend on companies performance and demand of stock the value of stock goes up and down.
A stock market is an intriguing place where one needs to focus on two major points, first the quantity and second, price.
BSE and NSE work at the speed of a few microseconds. Even a micro mistake of interchanging price with quantity and vice-versa could result in losses running multiple thousands to lakhs to crores. In a highly volatile market, the price fluctuates dramatically.
Although the stock market comes with a liberty to enter and exit at any point of time. You would want to time your exit by understanding the market trend and determining the risk.
There are many reasons why people fail in stock trading. One of the most common reasons is beginners often buy the stock, panic when the price goes down and withdraw instantly without understanding the nature of the market or the reason. Often ending with rash decisions, they tend to forget that the market is highly dynamic and if the stock price is pulling low it might turn up too. Therefore, it is important to analyse the reason behind high and low, also the company’s past performance.
The other common mistakes due to which investors suffer losses are:
- Ignoring market cycles and global events.
- Letting emotions guide decisions
- Trying to make hasty decision in order to get rich
- Not planning safe exit
To avoid these common mistakes, it is important to practice stock trading. The best way to do so is - Stock Simulator (Online Stock Market Game)
Online Stock Market Game:
Online Stock Game is a platform where you practice trading virtual stock by investing virtual money. There are also a few platforms that provide an opportunity to play and practice trading while letting you earn big from a minimum deposit.
The point system is calculated depending on the performance of stocks in real-time. Through investing in stocks virtually, you don't suffer loss and at the same time can enhance your knowledge about trading and finance.
In the process of virtually buying and selling stocks, you learn how your actions influence the real market. Here’s how you can learn to trade with an online stock market games :
1. Understand market trend
The virtual stock market trading helps one to learn the market dynamics. It helps one to evaluate the effect of various world affairs on stock markets. Fundamental analysis is only possible through better understanding of the markets.
Also, to be able to select the right stocks, it is important to understand market trends.
2. Understand market Volatility and liquidity
Volatility is the rise and fall of the market over a sustained period of time. Online stock market online games help you learn how you should respond to a volatile market.
While Liquidity refers to how rapidly shares of a stock can be bought or sold without substantially impacting the stock price. Stocks with low liquidity may cause you to take a bigger loss if you cannot sell the shares when you want to. However, volatility and liquidity are highly technical topics that no theory can teach. It rather needs practicing in a real market scenario.
3. Practice timely entry and exit
As mentioned above, BSE and NSE work at the speed of a few microseconds. By practicing stock trading games that are stimulated with real market movement, you learn to deal with real market situations and plan timely entry and exit.
It is important to have a rough idea about the optimum buying and target prices before making the trade.
4. Mistakes are cheap
Beginning a new segment often comes at the cost of recurring mistakes as we learn, practice and evolve. But what’s better when making mistakes costs you nothing but gives you greater learning in return.
5. Practice strategies
Fantasy stock market leagues allow you to practice varied strategies until you know which market scenario works better with what strategy. Although the stock market cannot be predicted 100%, nor does it work in a standard format. Every stock reacts differently to market conditions.
But in a stock market simulator you can create your own pattern of trading or also test experts opinions and find a reliable approach to enter the market.
6. You learn to diversify and expand
Various stock market gaming platforms allow you to create multiple portfolios thus preparing you to invest and manage various equity at the same time. It also makes you aware of different segments of stocks and their market behaviour. Diversifying a portfolio also helps you reduce risk, as if one sector goes down, the other might go up.
Stocktry is a share market game App that is easy to play. In a few easy steps of selecting a challenge and creating a portfolio, you can learn trading.
The Stocktry gaming platform is unique from various other stock exchange games online as it offers to play with deposit and earn big. This gives you additional learning of managing your budget. The platform is not only restricted to games but also daily news updates and live stock prices. Therefore, it stands a one-point stop to learn trading while you gain the insights.
Join the stock game now and boost your trading skills while you win big!