How Video Games Help To Become A Better Investor In Online Trading?
Investments are a serious business, with plenty at stake for those who choose to indulge and speculate. There are many vehicles by which you may develop your hands-on learning. You may choose to find tutorials online, including our website, or find something visual on YouTube.
You might want to talk to other investors about how they approach it, the tricks and tips they have learned over the years. You might even choose to follow famous investors blindly, hoping to pick up on their fortune.
One approach you may not have considered is video games. In the past, banking and investment in video gaming have not been prominent, but in recent years there have been elements springing up in titles. As both money and gaming apps have become very popular, game developers have seen a gap in the market for combining finance and gaming.
Many of these games are adaptions of already popular titles linked to banking such as the various digital versions of Monopoly. There are five Monopoly adaptions on Cheeky Bingo, including Monopoly Slingo and Monopoly Mega Movers, that have converted different elements of the game for online and mobile players.
Some bigger console releases, Rockstar Games’ Grand Theft Auto V for instance, have investment elements to them as well, with the stock market allowing players to earn more in-game currency.
However, it is not just fun titles that game developers have zoned in on. Developers have also worked on titles aimed at improving your real-life investment through online games. It might not be everyone’s choice of entry into investing, but these four titles can certainly help you increase your portfolio and your skill base
MarketWatch Fantasy Earnings Trader Game
This is a basic card-based online competition which runs for four weeks at a time. Whilst it is a little less complex than the last two, it still teaches the sort of trend-spotting skills all good investors have.
You must pick your shares before Monday and on Friday, and they will be automatically sold ahead of a new week of investment. It is a great place for beginners to start, given the somewhat basic approach and the uniform process involved.
On the other hand, a binary option is also a trading form where you can trade on diversify trading assets. And if you concentrate on binary trading, then you can read the recommended article where expert suggested 5 ways to become a great binary trader.
Wall Street Survivor
Wall Street Survivor is a website-based game designer purely to help you improve as an investor. It presents you with $100,000 to invest and guides you through the process with the help of a cartoon version of stock guru Mark Brookshire, a well-known investment guru.
There is a prize on the site worth $100,000, but anyone can set up small competitions of their own and play for pride. It is a well-known resource for investors and was once billed as teaching you everything you need to know about money.
The Stock Market Game
Reportedly used by over 600,000 people every year, the Stock Market Game is a popular online resource for learning the stock market. The game allows users to trade their own $100,000 virtual investment portfolio and is designed with teachers in mind.
The competition is fierce as teachers and students look to outdo other teams in state championships, developing their skills at spotting market trends and taking advantage of current situations.
Build Your Stax
Build Your Stax looks to simulate two decades of investment experience in a short time. You start out with a modest savings account and play along as that grows and develops into a serious trading career.
It introduces several types of investment too, from CDs, index funds, individual stocks and even commodities. With each new investment, the game gives you a quick tutorial on what it is and what role it plays in your overall portfolio.
Also, it throws some real-life scenarios at your as well, expenses you might incur during your investment career which could affect your cashflow, simulating real-life impact. It is a browser-based game and there are facilities for you to play with friends if group play is your aim.