How to Simulate Online Stock Trades

Wouldn't it be nice to practice trading stocks online without the fear of losing money?

It is absolutely possible to simulate online stock trades without actually risking your life savings. Learn how.

Things You'll Need

• internet access

Instructions

1. Find a website to simulate online stock trades.

   Utilize your favorite search engine and enter words like "virtual" and "simulator" with "stock trading". You'll get several results. Before committing to one, check out a bunch. See what features they all offer and what makes each unique.

2. Open an online account.

   Do NOT give personal information like social security numbers or bank account information. A legitimate stock simulator website should only require a sign on name and email address.

   In order to just simulate online stock trades, do not put your financial information at risk.

3. Practice, practice, practice.

   Log on to your simulator online trading website every day. Being disciplined and consistent will help you learn faster and learning is the goal.

   Since you are not risking any money, trade often. Take big risks.

4. Enter contests.

   Challenge yourself by competing against other virtual investors. Sometimes online trading simulator websites offer real prizes for the best virtual results. The better you do in the virtual investing world will translate to better investing decisions in reality.