Pretend Stock trading is the first step to successful stock trading. Games and simulators are available online for potential traders to learn the finer points of stock trading and to give them the confidence to trade online. These pretend games and simulators are designed and programmed by expert stock traders and software engineers to give a near perfect real time trading experience to pretend stock traders.
The advantage of pretend stock trading is that there is no money involved. All problems faced by traders in real time trading are presented to pretend traders and they can deal with problems and learn loss mitigation in a detached manner. They can understand and develop strategy. When the pretend trader makes a loss while pretending to trade, he or she can analyze the loss and understand what they could have differently to avoid the loss. Loss does not matter when there is no money involved. Traders can also learn to set up portfolios and make a trade budget.
The disadvantages are that some traders think it is a game and play high stakes without paying heed to the fact that each move in pretend stock trading should be made as if money is involved to make profits in real time trade. Some pretend traders start trading with tremendous confidence after a few successful pretend trades. While simulated trade is similar to real time trade it is not the same. Traders need to constantly rethink strategy when trading real time to bring in profits. Simulators are programmed to throw up all types of stock trade scenarios but the stock market is volatile and new reasons for the rise and fall of stocks evolve every day.
Pretend trade simulators are programmed to help potential traders learn the ropes of stock trading. Pretend money is given to potential traders and they learn to profit trading stocks with the pretend money. Some simulators are interactive and traders can trade with each other while learning at the same time. Some simulators pay real money for each successful trade to motivate potential traders. The simulator is a handy tool for potential traders to learn about investing in stock and its many aspects without losing real money.
Potential traders learn to develop strategies while trading using simulators. They also learn to understand the market. There are many different free trade simulators available online. Some simulators require that the pretend registers with the website before starting pretend trading. Experts believe that potential traders should use different simulators and learn as much as they can about stock market strategies through these simulated situations. .Trade simulators are practice and learning tools that cost nothing but are a worthwhile effort. Though trade simulators may not be exact imitations of real time stock trading they will give novice traders the confidence to trade with real money and mitigate losses.
Pretending to trade is the best method of learning to trade. Trade pretension is not a frivolous pretension but a serious effort at learn to trade with real money.
| Price : $21.49
