Fantasy Stock Trading

What is Fantasy Stock Trading?

Fantasy stock trading is a terrific mechanism to learn trading without placing real finances at risk. Users can point their browser to online fantasy stock trading sites, generate an account, and experiment with trading without putting actual money at risk. The initial action a new trader is required to do is apply for an account and username. This will be their profile and will keep track of their account in addition to participating in online forums. One of the benefits of fantasy stock trading is being able to engage in web forums and share with other users about investing ideas. The websites that offer these capabilities are all a little different but the two foremost fantasy stock trading online businesses I have found are UMOO and Wall Street Survivor. Links to my comprehensive reviews of each product can be found below:

Learn to Trade

If you have never traded, fantasy stock trading is a super way to learn. Whether you are trying out UMOO or Wall Street Survivor each will let you pick a portfolio and manage it online from anywhere. Each lets you try out a variety of instruments and various types of orders. The portfolio will change in value defined by the investments you have purchased and the performance of the market. Both UMOO and Wall Street Survivor use real market data to calculate your portfolio value.

Trade a New Instrument

The majority of traders build their knowledge by trading stocks. In time they recognize a significant number of traders are not trading stocks but other tradable tickers such as commodities or forex. A percentage trade bonds and others manage ETFs including leveraged ETFs and inverse ETFs. Options can be bought or sold on stocks, currencies, and commodities too. Traders knowledgeable in a single symbol might want to sample trading an alternative instrument but with fantasy cash initially. They recognize that each market is one of a kind and has its own specific characteristics. Fantasy stock trading means experiencing the freedom to attempt a mix of markets without risking real cash.

Publish for Public Consumption

Maybe you are a daily trader and sometimes wanted to share your performance with friends or publish for a blog, fantasy stock trading is good for that as well. On Wall Street Survivor you can make your portfolio public and track other portfolios as well. In contests on UMOO partcipants can see other traders in the contests and view how their portfolio is performing.

Win Prizes

Each fantasy stock trading portal has challenges where traders can win gift cards and other rewards. Even though trading is a business and should be maintained like one, a contest utilizing market data is often entertaining. UMOO is focused on contests such as UpDown and Pix where the challenge has a brief time window and a fixed outcome. These games are not only interesting but an opportunity to use your trading know-how for fun.

If you are interested in fantasy stock trading and want additional nformation on UMOO and Wall Street Survivor try the links below.