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A stock market simulator is computer software that reproduces behavior and features of a stock market, so that a user may practice trading stocks without financial risk. Paper trading, sometimes also called "virtual stock trading", is a simulated trading process in which would-be investors can practice investing without committing money. [1]
The simulator works as a stock market game by providing players with virtual cash to buy and sell investments. Pros Investors can simulate success in the market by trying real-world strategies.
The game uses Virtual Specialist technology invented by HSX co-founders and creators Max Keiser and Michael R. Burns, who were awarded a U.S. patent no. 5950176 in 1999 for the invention. Claims of this patent cover trading applications for trading virtual securities using virtual currencies over a network.
Wall Street Magnate is a fantasy stock-trading platform and community website. [1] By March 2015, the platform had exceeded 60,000 monthly users. [2] Participants are given $100,000 in simulated currency to build their fantasy stock portfolio. [3] [4] Stocks are traded on the platform based on data from the New York Stock Exchange, NASDAQ and AMEX.
These virtual funds let you practice trading skills and strategies without risking your own cash. Just keep in mind that successful virtual trades don’t guarantee profits with your real trades.
Practice virtual trading. Many brokers allow you to trade virtually or with “paper money,” so that you can test and refine your skills before you go out into the market with real money. You ...
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