Share/Stock dealing games?
Discussion
Are there any decent share or stock dealing games out there, web based or otherwise?
Something thats not too complicated to get in to. I quite fancy just having a go as a means of getting an understanding and getting a feel for it. I guess research is key really, read a few books and some of the stuff people dig up in order to put themselves in a long or short position is quite incredible.
I'm an engineer by day, so financial markets dont cross my path, but its something I would like to wise up on as certainly I have the math, analytical and research skills (PhD) to do so. I dare say I would like to use it to sharpen or augment those skills... in the same way that athletes use cross training to enhance their performance in their primary sport.
These are skills, after all, that you must use daily if you want to keep them at a good level. Use it or lose it.
Something thats not too complicated to get in to. I quite fancy just having a go as a means of getting an understanding and getting a feel for it. I guess research is key really, read a few books and some of the stuff people dig up in order to put themselves in a long or short position is quite incredible.
I'm an engineer by day, so financial markets dont cross my path, but its something I would like to wise up on as certainly I have the math, analytical and research skills (PhD) to do so. I dare say I would like to use it to sharpen or augment those skills... in the same way that athletes use cross training to enhance their performance in their primary sport.
These are skills, after all, that you must use daily if you want to keep them at a good level. Use it or lose it.
I've been dabbling in the stock market for the past 2.5 years, and unless you have a lot of money to invest then the returns are pretty small (I started with 6k in Feb 09 and have managed to make about 3k profit since then).
The main reason is that every trade you do, you have to pay a (usually fixed) fee, then on top of that you pay CGT when you buy. All of this means that you have to make up this before you even think about profits.
I think it was Warren Buffet that said it - the Stock Market is only there to make rich people richer.
The main reason is that every trade you do, you have to pay a (usually fixed) fee, then on top of that you pay CGT when you buy. All of this means that you have to make up this before you even think about profits.
I think it was Warren Buffet that said it - the Stock Market is only there to make rich people richer.
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