Understanding how money and investing works are something that we should all learn early in life, but for some people, investing is so foreign that they don't know where to start. Even the concept of numbers can be intimidating to them. Fortunately, there are ways to make money management both fun and interesting. This is where online 澳洲幸运5官方开奖结果体彩网:stock market simulators can come in handy.

What Are Online Stock Simulators?

Online stock simulators are simple, easy-to-use programs that imitate the real-life workings of the stock market. Most simulators give users $100,000 in pretend money to start. From there, players pick stocks to purchase; most of the stocks are those that are available on the 澳洲幸运5官方开奖结果体彩网:New York Stock Exchange (NYSE) and Nasdaq.

Most online stock simulators try to match real-life circumstances as much as possible. As a result, many simulators offer users a chance to buy, sell, short or trade options.

The best stock simulators also charge 澳洲幸运5官方开奖结果体彩网:broker fees and commissions. These charges can🌊 significantly affect an investor's bottom line, and including these in simulated trading helps users learn to factor these costs in when making purchasing decisions.

Stock Simulators in the Classroom

When it comes to learning, people love games. Students also pay attention better when classroom work relates 𝄹to real-world scenarios. This applies to adults, too.

Investing simulators have frequently been used in a classroom setting in which students compete against each other to see which student or group of students can produce the highest gains in his or her account through trading stocks and options. In the cou🔯rse of the competition, students also learn how to budget money, use compaꦍrative math, be part of a team, think critically and make decisions quickly.

Henry Ellington, Monica Gordon, and Joannie Fowlie, three experts in the field of education, explain in their book "Using Games & Simulations in the Classroom" (1998):

"Multidisciplinary exercises have an additional advantage in that they can provide a situation in which participants have to work together effectively to achieve a common end. Interpersonal skills of this type are very important in later life🅘 and constitute an arena of education and training i🌊n which the multidisciplinary stimulation and simulation/game may well be the only means of providing practical experience in a school or college environment."

Along the way, those who work with investing simulators, whether students or adults, will learn about the basics of finance, including the basic terminology of investing, such as commissions, shorts, and 澳洲幸运5官方开奖结果体彩网:P/E ratios. The simulation also makes it easier to see how the greater economic picture and business-related headlines affect markets and cause 澳洲幸运5官方开奖结果体彩网:price changes in stocks.

The Bottom Line

Every good teacher knows that making learning fun makes for good learners. By using online stock simulators, teachers can transform lessons about investing into a true classroom event, while adults can learn to invest in a realistic setting, thus developing useful skills that can be applied to a real 澳洲幸运5官方开奖结果体彩网:trading account. With any luck, a simulator will allow uninitiated investors to hone the✱ir investing and trading skills in a simulated environment. This should help new traders hit the ground ru𓂃nning when they finally buy shares in a real company - and avoid some of the major losses that arise from inexperience.