Play Virtual Investing Game to Reduce the Risk of Failure in Real Stock Market
Do you want to become a shark of Wall Street? I bet youd like to make some money like the aces in there, just by investing, investing and then investing some more. And earn couple of percentages from your money every single day?
Couple of percentages isnt much, or is it? Lets imagine that youre playing with $500 000 dollars, lets imagine just for a moment. Two percentages of it is $10 000. When you compare this 10k with your initial investment of 500k, its not much. I know. But imagine if you could earn 2% income of your money each and every day. This means that after just one month you would have $300 000 extra. Oh wait; actually its not just that little. Every day you would have 2% more money to play with. So if you managed to earn 2% of your money every day, you will end the first month with more than $420 000 in additional bucks, total balance will be over $920 000. Sounds great, doesnt it? Basically, whatever amount you start with, you will be able to double it month by month (assuming you are able to win 2% every day of course).
However, there are two things you need to consider here. Firstly, you do need to start with enough capital to actually earn anything. Thats because of the commissions, etc. But $5000 might be the smallest amount that might actually make everything worthwhile.
The second thing, and thats the most important point to think about - if its that simple, why arent everyone making money on the stock market? Thats because it isnt simple. Its possible, but it isnt simple. Whether youre a long-term investor or a day trader who is buying and selling stocks every day (thus making it possible to earn daily), you need to analyse many different factors of every stock youre going to buy or sell short. So before you go to the stock market for real, you should prepare yourself. You should read about stock market, market analysis and you should definitely play on virtual stock market that allows you to see if you have what it takes to become a daytrader, person who plays on stock market in hopes to earn quick revenues daily.
So, are you still thinking about becoming a daytrader? I hope you are. At least it would be worth to do some training at some virtual investing environment to see if youd even make it in the real world.
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