A Stock Market Simulator for penny stocks is an online or computer application that makes an exact copy of some or all the features available in a live penny stock market. These features allow a stock market trader to practice stock market trading without the fear of losing any money. Anybody can start using stock market simulator today as a security to protect your real money while you acquire the knowledge deserved in making trades and tracking of the investment result using virtual or paper money by Virtual Stock Exchange Technology. You can start your practice on your own on your internet-enabled PC or mobile device.
Types of Trading Simulator
There is tons of Stock Market Simulator for Penny Stocks in today’s market. All simulators have different distinctive attributes and advantages that vary with the simulator programs. The choice of the simulator program to use for your penny stocks lies with you, but you need to bear in mind that some are easy programs that offer starting point investment options and trading methods. Others programs are complex by having high-level securities like options and currency trading. There are other simulators too that only teaches investors how to trade, while others test users’ ability and award real money through sponsor contests. Trading simulators you will use depends solely on your skills. Relax as we walk you through the best simulator you can start with from basic to advanced level for your penny stocks.
A. How The Market Works
How the market works is also known as the most popular stock market game that is free on the web. This is a powerful stock market simulator for penny stocks and to get on their platform is easy, it only takes you to sign up with your email address, age, opt in/out of third-party contact, choose the amount of virtual cash you would like to start with, and then proceed to trade.
This is where investors can buy mutual funds, stocks and Exchange Traded Funds (ETFs) in the Canadian and U.S. market. Short-selling and currency trading allows investors to participate in more cutting-edge strategies. The section of the penny stock provides detailed wisdom into the likely dangers investors are facing when penny stocks. Today, you can practice trading options, global stocks, and futures, from exchanges in Hong Kong, Mexico, Toronto, Tokyo, London, Australia, India and other international markets.
B. Wall Street Survivor for Penny Stock
This is an admired stock market simulator for penny stocks. It uses virtual stock trading and allows a beginner or an inexperienced investor’s sign up on their platform. Wall Street Survivor has educational courses, articles, tutorials, and videos that can help a beginner to upgrade their skills level. Some courses to check out include Getting Started, Understanding Stock Market Indexes, Initial Public Offering, etc. The navigation is very simple and the user interface is designed in a social media style with stock research and analysts’ rating information that can be easily understood in few words format and complex charts. Users can compete for prizes and also win badges.
The chat room where the community of Wall Street Survivor interacts has a fascinating feature that goes with the social media design style. The data and information present on this simulator may be too basic for advanced investors with standard brokerage accounts.
C. Investopedia Stock Simulator
This is well-integrated simulator program that has financial education for trading. It’s also a simulator startup ground for penny stocks with series of tutorial on “How to…” guides on useful topics like “Advanced Trade types”, “Purchasing Stocks” and “Covering Short Positions”.
The Investopedia Stock simulator takes place in form of a game where traders can create a custom game or join an existing game, allowing users to arrange the rules. The game types that make the interface overwhelming include Canadian Stock, U.S. Stock, beginners’ targeted games, advanced investors game and a session to practice custom skills by designing your own game. Adjustable commission rates, margin trading, options and other available choices on the platform are diverse ways to customize the game. This will lead players to where they can reviews holdings, research investments, review awards earned for accomplishing various activities, trade and checking their rankings.
Conclusion On Stock Market Simulator For Penny Stocks
A stock market simulator is inevitable for penny stocks because it helps the intending investors’ sum of trading knowledge on their own in a safe and structured environment without having to risk any money. Continuous practice with the aid of simulator brings their trading desire to real brokerage account where you can trade with real money for profits but bear in mind that mistakes must not be made as it can cost you your hard earned dollars.