facebookHi I am new to investments and stocks, is there any platform where I can try a trading simulation or like share market game of sorts? - Seedly
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Hi I am new to investments and stocks, is there any platform where I can try a trading simulation or like share market game of sorts?

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      What are your thoughts?

      Joash Chua

      Joash Chua

      06 Jun 2018

      Level 4Β·Financial Consultant at IPP Financial Advisers Pte. Ltd.

      If you are new to investments and stocks, I do suggest reading books like The Intelligent Investor or anything by Warren Buffett, and studying some finance 101 to get you up to speed about understanding financial ratios.

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      You may try your hand on a trading simulator but frankly the amount of time you spend on the simulation is going to be a poor return on your invested time. I know the saying goes "practice makes perfect" so more time on simulator means you get good at investing right?

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      Unfortunately, no. Perfect practice makes perfect. If you don't know what you are doing on the simulator, you will still have no idea what you are doing 100 hours later. Investments take a lot of time, investments demands you do your homework and really study, and investments do not tolerate short cuts (like buying/selling based on a tip from friend of friend etc.). That's speculating, not investing.

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          Gabriel Tham

          Gabriel Tham

          06 Jun 2018

          Level 14Β·Tag Team Member at Kenichi Tag Team

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              Lim Boon Tat

              Lim Boon Tat

              06 Oct 2020

              Level 10Β·Mathematics at Cambridge University

              I'm a big fan of TDameritrade's thinkorswim platform, which is commission-free, has a virtual tradin...

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