We have all seen the movies where about 1000 guys in suits are screaming "SELL, SELL, SELL" this is how we picture the stock exchange. Well before you go to Wall Street and start screaming and selling your stocks, there is an interactive web based stock market game you can play to gain experience on stock trading. The game is called Virtual Stock Exchange and you can find it on the web at (http://vse.marketwatch.com).
To play Virtual Stock Exchange you must first register on the site, which is quick and easy. Once registered you can choose many options of game play, you can just simply join a game that is already in progress or you can create your own or wait to be invited to a specific game. With all the options it gives the game some flare, you can join with your friends and play a private game and see who has the best trading skills. You also can join a generic game and see if you can beat all the other online players, some of them are pretty crafty and do quite well.
When you start a game depending on which option you choose you are given some start up capitol by Virtual Stock Exchange. You then need to start buying stocks, it's a pretty straight forward process, you type in the stock symbol (or the name of the company you want) and then click on GO. It then brings you to the buying process which has many options that I don't really know much about, Google better watch out because I will find out soon enough what the difference in the pricing types are (Market, Limit, and Stop). Once you purchase your stock then you just have to wait and see if your stock goes up or down. Buy low and sell high is how I have been working my game but I am in fifth place out of ten friends so I don't know if my strategy is working so well.
Other than buying and selling stocks on the game there is a portfolio interface that allows you to see all the stocks you own, what you bought them for, what their current value is, how much you have of the stock, how much gain or loss you have made on the stock, and the equity you are invested in each stock. This game is very addicting I want to beat my friends and it gives me the idea maybe one day I can take on Wall Street, well maybe not since I don't have (10,000,000) in start up capitol the game gives you.
The Virtual Stock Exchange also gives you a research option where you can learn more information about how to trade. It gives you a load of information about different types of trading, what the best trade methods are, what all the extra things are that go with trading like the commission. It is just a fun place to learn about trading stocks.
Overall the web interface is good and easy to use, trading does take some time, and trades don't post for about 15 minutes. Not sure if that is how the real stock market works or not, but that seems like a long time to wait, the stocks continue to fluctuate as you wait for the trade to be made. I have a lot of fun playing this game with my friends and family, it's a good way to kill some time or just to take a break every now and then to see how you are making out in the game. It's very realistic and hard, I have been playing for a month now and have seen minimal gains normally staying just above even. I am not sure how the pros do it but even with my 10 million dollars I have just made a few thousand dollars.
I think this would be a great game for college students studying to be stock brokers. It is tied into the actual market and shows potential real life gains and losses, it would be a good way to get them some experience at no cost. I am sure there are some falsities about the game but if you just want to have some fun and try your luck at the stock market this is the way to do it without risking your life savings.
I used to play an old text based game called Inside Trader on the old Apple II computer and I loved it so I started to find more realistic updated version of the game and The Virtual Stock Exchange seems to be the best. It is very fun and gives you plenty of good information to try out and see if you have the potential to make some money on the market.
Go ahead give The Virtual Stock Market a chance, who knows maybe you will learn enough to go for the real thing. When you are a millionaire remember who got you into the Virtual Stock Exchange!
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