Why should a stock trading newbie start with practice trading?
Investments is putting in your cash into the market, looking for a return on investments. It is usually considered as a long term activity, while stock trading is often regarded as a short term activity.
While both investment and trading involve “buying” and “selling” action, they are totally different from buying a computer from the department store..
The market is a place where losers are more than winners. People lose their money because they made wrong decisions. Usually losers enter the market when the market is near its top, while they sell when the market is over-sold. They train their skills and mindsets using real chips.
With the use of the internet and web programming nowadays, simulated stock trading platforms are very much alike the real market. Many of them uses actual data from the market to run the game. One of them is Updown.com. They allow users to Practice Investing Without Risk. Members of the system can try entering the market without risk, using the play-chips offered by the platform.
The platform allows you to buy and sell stocks with play chips, creating a portfolio, dicuss with other players, joining contests and even earn real cash prize! Players can learn technical analysis skills, fundamental analysis and accounting concepts through the Updown.com platform.
The current prize of the contest is USD$5000! If you would like to try the risk-free trading platform for practice, please follow the link below:
Earn Real Money For Beating The S&P.
I hope you can find a way to Rome! Happy Trading!