I just wanted to ask if members here would be interested in participating in a stock market simulator? Essentially, we would all start with a given amount of cash and then we have the liberty to invest it as we wish. We'd choose an arbitrary date for the game to end so we can call a winner.
If so, there's many different websites that host these games. I participated in the marketwatch game once, but it's pretty US-centric. We could find one that includes international markets.
Basically, everyone starts with a set amount of cash - lets say 10 million pounds. Then, you can invest in whichever company or companies you like. You can buy stocks, sell stocks, short stocks... and if you want to be clever, you could start playing with the other perhaps more advanced functions. It simulates real markets so staying updated on industries, world news and the economy may help. The upcoming brexit vote, for example, might make this interesting depending on how the market hedges its bets.
However, you don't get money from dividends I believe - you only gain profit from buying stocks and selling at a higher price.
Alright then, I can customize the rules so I'll share them here so you can all give your feedback. If you have questions, ask me or browse investopedia. Disclaimer, I'm not sure what all of this is but I think I understand most of it lol
Currency: British Pound Initial Cash Balance: 10,000,000 Minimum stock price for buying: 0.20 Minimum stock price for shorting: 3.00 Registration Start date: June 6, 2016 Registration End date: November 5, 2016 Trading Start date: June 12, 2016 Trading End date: December 3, 2016
Short Selling - allowed Day Trading - allowed Buying on Margin - allowed Fill Orders on daily volume - 200%
Commission per trade of equities - 10.00 Position limit - 25%
Commission per trade of spots - 10.00 Position limit - 25%
North America - US, Toronto, AMEX, Nasdaq, NYSE, NYSEARCA, OTCBB Latin America - Argentia, Brazil, Chile, Mexico Europe - Amsterdam, Athens, Berlin, Brussels, Budapest, Denmark, Dusseldorf, Finland, Frankfurt, Hamburg, Hannover, Ireland, Lisbon, London, Munich, Paris, Prague, Stuttgart, Sweden, Switzerland, Vienna, Warsaw-Main List, Warsaw-NewConnect Asia - Bombay, Hong Kong, Kuala Lumpur, New Zealand, Seoul, Shanghai, Singapore, Sydney, Taiwan, Tel Aviv
Might give it a go once I find decent internet that loads the page for less than 10 minutes. Although I have no idea what any of it means, but might be worth learning... For when I become a millionaire eventually