Buy high, sell low. Or is it the other way around? You could learn the ins and outs of the financial world by losing a large chunk of your money in the real markets. Or you could learn the fun and free way—by playing online stock market games. These games are fun, usually free and best of all, are not risky (since you deal in virtual cash).
Moneybhai is one of the best sites for virtual trading in the Indian market. You have an opening balance of Rs 25 lakh to start trading. You can buy, sell and short sell and monitor your order book. You can also check your transaction history and top holdings.
Sensex.in is an online game for trading in the Indian market, but it is only good for beginners since there are few stocks available for trading. The more comprehensive home site tradeover.net allows you to trade in world markets and currencies.
TrackYourStock has two games, but only the Dynamic Stock Market 100 is worth playing. There are 420 stocks for trading and you even have a 0.5% brokerage charge deducted for each transaction. The site also has a forum, blogs and an investment guide.
Smartstocks gives you $1 million to trade in the US markets. You should first check out the five sample portfolios to know which investment style best suits you. You can also join a group which has a stock buying strategy similar to your own.
Investopedia Stock Simulator lets you trade on US and Canadian exchanges. The simulator tracks the real markets almost perfectly, and makes adjustments for corporate actions like dividends and splits. You can also run multiple portfolios.
Virtual Stock Exchange lets you trade in stocks and funds on the US markets. Join an existing game, create a new one or do both since there’s no restriction on the number of games you can play. News and research tools help you decide what to buy and sell.