FOREX Trading Games
The foreign currency exchange (Forex) is a popular financial market for investors and active traders. It is also a very risky market where currency exchange rates rise and fall quickly, leading to significant profit or loss in a short period of time. This complex trading system can be best learned by hands-on experience. A low-risk way to gain that experience is through Forex games. Forex games either simulate Forex activity or turn real Forex trading into a more entertaining experience.
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Trade2Race
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Trade2Race is a trading game where Forex is one of the financial instruments you may use. While the game seems light and entertaining, real money is at stake. You place bets using your real currency and compete against other players for the best prediction of future prices. The graphical interface for the game is available in either 2-D or 3-D, though the Shockwave plugin is required if you play in 3-D.
In Forex trading, you profit if you buy into a currency that then rises in value. But with Trade2Race, you can still lose even if this happens. Instead, you must pick a currency or other financial product that will do better than the chosen financial instruments of your competitors. After one minute has elapsed, a winner is declared, who receives payment in real money.
Forex Online Game
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The basic Forex Online Game is a simple simulation of Forex activity. No real money is at stake. Nor does the game track any real currency prices. The Flash-based games provides you with a virtual trading console that resembles active trading platforms with real Forex brokers. You buy and sell Forex currency just as you would in a real Forex environment. This may be a good way to familiarize yourself with the risks and seeming randomness of Forex activity. However, the game lacks the complex Forex charting methods that most serious traders use to predict price movement.
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FXGame
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The FXGame is a virtual Forex trading system that uses real currencies and prices. The account is "funded" with virtual money so you do not risk real investment capital on your Forex decisions. The game offers complex Forex analytical tools, including charts and technical analysis features so you can immerse yourself in the full Forex experience similar to real professional traders. Simulated trading in an authentic virtual trading environment is an effective way for novice trader to learn about the Forex market.
Forex Marathon
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Forex Marathon is a game provided by Forex broker eToro. It is played with real Forex capital. There are no other players. Instead, the game is a graphic depiction of a marathon where the individual currencies compete with each other to win the race. The game helps some Forex traders visualize the movements of currency exchange rates. It can also help make the trading experience more entertaining.
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References
- Photo Credit stock market analysis screenshot image by .shock from Fotolia.com
