So you want to learn trading? Congratulations on this decision! However, the path to a profitable trader can prove stony and tough.
Often the first investment can cost a lot of overcoming and be very nerve-wracking. Therefore, the Trading Game developers had the ingenious idea to playfully introduce beginners to the topic and developed game that enables them to test their abilities. The game is also suitable for experienced investors.
Entering the stock or crypto market with your smartphone: A professional Team behind the game wants to teach people how to invest. The time to invest money is good — but there are also concerns.
In general, earning money is important for all of us, but managing it and dealing with the complex financial market are not high on the list of priorities.
The main reason that majority of individuals to stay from stock or crypto trading, as they do not know how it works and how to make money. As you know, any mistake as a beginner or novice might hurt your self-esteem along with the suffered monetary loss. By choosing a good stock simulator app, you can easily know the ups and downs, and the tricks and tips behind trading, before actual investment. Use this free beginner simulator — The Trading Game.
What is trading anyway?
In the beginning, it makes sense to delineate the term “trading” more precisely. What does “trading” mean and where is the difference to investing? If one looks in the dictionary of trust, then trading is translated quite neutral with “acting”. This is a very broad and inaccurate term. In the case of the stock exchange or “trading in securities”, however, the term basically refers to the short- to medium-term trading of financial products such as securities, commodities, foreign exchange or derivatives intended for profit. Trading seeks to exploit and participate in smaller price fluctuations or trend phases in order to achieve continuous performance.
Trading vs. Invest
The transition between the disciplines of trading and investing is fluid. However, it can basically be said that investments are more likely to be those trading positions opened with the intention of a holding period of, for example, 6 months or more. A well-known example of an investor is undoubtedly Warren Buffett, who said that he only calls his positions real investments if he plans to never sell them again. He therefore intends to receive regular cash flows in the form of dividends. Even if he partially resells investments, this usually happens over a longer time horizon.
The trader, on the other hand, tries to exploit the price fluctuations in an underlying (such as a stock or a cryptocurrency) and close his trading positions within a reasonable time frame. This time window can last from a few seconds to several weeks or months, depending on your personal trading style. In order to work with the sometimes small price fluctuations, a so-called lever is often used to multiply the retracted yield.
Why do I want to learn trading?
It is helpful to answer a few personal questions before starting your journey. The right attitude to and expectations to the trade help to overcome thirsty stretches and motivational recessions and to sharpen your own consciousness.
So why trading? Is it all about making money? If so, why not do an alternative job, for example, as an employee? Here you immediately get a decent salary and do not have to wait months or even years to finally learn the profitable trade. The argument money helps, but it will not motivate you alone. Are you more likely to be the idea of being independent and a free person? With the possibility of theoretically working from anywhere? Or to act at the pulse of the markets? Answer these questions yourself.
Use the simulation games
Simulation games and free demo accounts should be used by anyone who wants to learn how to trade stocks, forex or cryptocurrencies. As a rule, the players or customers receive a certain budget here and can use this for the trading. As a rule, all price movements and order costs are reproduced in the original.
The advantage of simulation games is that the players can compete with other players here. This often increases the fun. It also adds a psychological component that makes trading a bit more realistic. Many private investors can make meaningful trading decisions with play money. If the pressure of capital employed adds another psychological challenge, this is much less the case. In simulation games, the pressure is at least somewhat increased by the possibility of comparison and it is about “more” than just the play money. In this way, the players are also psychologically demanding more.
The Trading Game available for iOS & Android, is referred to in the description as a simulation, but works with real market data to bring the player as close to real events as possible. An app is free to use developed by experts in trading and the financial markets. It is designed to teach beginners how to profit from stocks, cryptocurrencies, and commodities or on the Foreign Exchange Market (Forex).
Explore the various markets all in one place!
· Forex: EUR, USD, GBP, JPY, CAD, ZAR, TRY, MXN
· Stocks: APPLE, GOOGLE, NIKE, TESLA, EXXON
· Commodities: CRUDE OIL, GOLD
· Cryptocurrency: BITCOIN, ETHEREUM
Fun and simple, the Trading Game is perfect for newcomers looking to learn while trading. Get updates on the best times to trade, gain access to top brokers, and learn how to spot profit-making opportunities in the markets.
The Game is Available in 8 languages:
English, Chinese, French, Spanish, Portuguese, German, Russian & Italian
You can challenge other friends to compete against you and trade on different markets around the world. The game uses cartoons to make it a bit more approachable and builds in a quiz to help you learn the ropes.
There are pro tips and all the trading simulations happen in real time. Spend a few weeks with this and you’ll be knocking on the doors of the big city banks.
App available on:
IOS: https://itunes.apple.com/us/app/trading-game-stocks-forex-options-gold-bitcoin/id1202332044
Android: https://play.google.com/store/apps/details?id=com.tiim.tradinggame
Website: https://tradinggame.com/
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Marko Vidrih
