Virtual Stock Market Games

Do you have any plans to taste the stock market ?

YES ?

Then its better to know the bitter and sweet of investing our money into stock market through Virtual Stock Market Games. This help us
1. To know the concept of stock markets
2. How dangerous speculations can be.
3. How to pick a good company at the right price.

Here are the list of some of the Virtual Stock Market Games I came across.
1. http://sharebaazi.economictimes.indiatimes.com/
2. http://marketwiz.rediff.com/
3. http://moneybhai.moneycontrol.com/

First of all we need to register in one of the Virtual Stock Market games website. Sharebazzi used to give 2 lakh rupees, while moneybhai gives 25 lakhs virtual money for us to trade.

Now do some research by checking winners portfolio and gain some knowledge about companies and sector allocation strategies. At the beginning stage try selecting companies which you are more familiar . Its better not to invest in too many companies because gains from some companies will be nullified by losses from other companies.

Just try to select 4 good companies which are selling on loss. Never sell a company when it is on loss. Also dont be too gready. Set yourself an upper marging, say Rs10. When ever the stock you are holding crosses the upper margin sell it if you are interested in day trading otherwise hold good stocks for a long time you can see its growing.

These exercises are just to get rid of our fear from stock market. Also keep in mind don't make this as an addict. Just get familiarize with these games and gain some confidence in equity investment and also learn the danger of doing speculations in stock markets.

My advice is if you are very much confident in virtual stock market investing then only you should go for the real stock market investment using demat account. Till now I am not confident in direct stock market investment or Day trading. I always believe in Mutual Funds.