Sharpen Your Investing Skills with These Stock Market Gameswritten by Bella Palmer
It’s no coincidence that kids love to play. In fact, it’s not only in human youngsters that the imagination and energy that fuelling their playful streak is at its peak in childhood. Puppies, kittens and the young of all mammals play with the greatest intensity in their former years because games are one of the best ways to learn real life skills. Kittens learn to hunt by pouncing on each other and children learn cognitive and physical coordination through games.
While we play games most as children, their enjoyment and effectiveness at communicating messages and knowledge persists into adulthood. That’s why many professional training sessions take the form of interactive activities that are in their essence, games. Games engage our minds and enthusiasm and that is the key to learning. While investing for a stable financial future is a serious
Books and articles are a great way to learn the theory behind
The app is gamified through a social platform and ranking tables. It’s biggest plus is that if offers a wealth of content from a high quality news feed to professional analysis on companies and industries. Live market data is also provided. The basic content such as news is offered for free with users paying for market reports.
Another plus of Invstr is that through a partnership with an online stock broker, once you feel confident enough, you can actually invest real money. You can even do so more cheaply than normal as it is possible to buy ‘fractional shares’ which are, as the term suggests, a fraction of a whole company share. In our view, Invstr is the best game out there to learn the ropes of investing online.
Bux: created by a Dutch company, Bux follows a similar format to Invstr but is a little simpler. The app initially takes users through a theoretical education, explaining how to search for companies whose financials suggest they will be a good investment, stock market terms and jargon and the mechanics of buying and selling shares.
Like most games in this genre, the player is given a virtual stock trading account, this time loaded with 1000 bux, and set loose in the markets to sink or swim. But if you do sink, no harm done, just start again and try to do better using the lessons learned!
Stock Trainer - Virtual Trading: this game has no freemium features and is completely free. Stock trainer uses real market data and is essentially simulates a real life online investing account. The app is still in Beta version and more educational features are due to be added in the future.
This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.