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Monday, May 2, 2011

The Game That Teach Investors to profit in Wall Street


To outsiders, Wall Street has always been an enigma. On one hand, it’s like a hallowed ground where people worship the market and glorify the risk takers, where traders follow every stock movement to an almost compulsive degree. On the other it resembles a glorified Las Vegas casino floor, a place where one can make or lose fortunes in a span of minutes or even seconds. 

Today I would like to introduce you all to a little game that teaches new traders how to navigate wall street. Sort of like the local boxing gym, this game is the proving grounds for potential Wall Street champions. Where prodigies hone their craft before setting out in the real world and make real world money.

The game is called Wall Street Survivor. It is a stock simulation game where players trade virtual stocks using virtual money.




The game’s premise is pretty simple. After creating an account, the investor is given $100,000 in cash and another $100,000 in credit. He or she may then then pick which stocks to buy from the $200,000 capital by putting the stock symbol in the search box. There is a symbol look-up tool in case the investor is unfamiliar with the symbol. A virtual stock broker is also on hand to sell, short, hold, or limit a stock. It’s similar to fantasy football only instead of managing your roster you keep track of commodities and futures. Additionally, instead of waiting for news of injuries, you look out for buy outs, mergers, and industry developments.





The game’s interface is pretty intuitive. The dashboard shows integral data needed to help stock traders make informed decisions. Charts also show the trader’s current portfolio value and buying power. Moreover, every stock movement is monitored. Open positions complete with changes in stock prices accurate to within 15 minutes of real time trading can be accessed all on the same page.



More importantly, there is an investment guide that contains tutorials on different investment terms and subjects. New investors would find this very helpful as the guides are written by different investment experts. Similarly, experienced day traders and long term investors would find the game challenging because the game simulates actual markets, and runs in only a 15 minute delay from real time.

In the original Wall Street film, Gordon Gecko famously said that greed is good. Setting moral responsibilities aside, it may be indeed good. The only problem is with the economic crunch we’re experiencing right now, people aren’t exactly jumping the gun on every market movement that happens on Wall Street and indeed are not yet knowledgeable to take advantage of them. This brings us back to the game, because the game simulates Wall Street trading, the investor can experiment with trades he or she won’t normally make in the real world. This gives the investor insight and confidence in his or her next real world stock trade.

So try Wall Street Survivor and brace yourself for stock trading.

Part two of investment games will come up in about two days.

20 comments:

  1. Incredibly insightful, I personally tried my hand at FOREX trading but found it too time intensive and very patience testing and that was with a practice account.

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  2. Some Econ classes at my College use this to teach it for a project.

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  3. very helpfull stuff, thank you very much

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  4. nice post ive always wanted to try my hand at trading

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  5. I'm going to try the game, really doubt I'm any good with money though.

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  6. I'll try it. I've always wanted to get good at this kind of thing.

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  7. Interesting, i might just try it!

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  8. Great post going to try it in the near future.

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  9. I can't do these games! There's a good one that works with cloud technology... playmymillions dot com. If you put in money, you can win money. they're a company i interviewed with, but I couldn't figure out how to come out on top.

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  10. Bigger fan of dividend paying stocks a la buffet.

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  11. Sure it's a good practice platform, but like the FOREX community, it should be based on the actual stock market.

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  12. I had friend that played something like that, He was kind of addicted xD

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  13. investors need to be more careful, they have a huge impact on the economy

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  14. helpfull stuff , thx a lot :)

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  15. I dabbled in a bit of FOREX trading a while back, was fun until I lost too much money, I'm guessing the stock is similair, I just don't like the uncertainty

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  16. These games are always fun but also scary, sometimes if you're good you can get too confident and try it out for real and lose bigtime

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