Asked by Su Wong

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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  • Joash Chua
    Joash Chua
    Level 3. Wonderkid
    Answered on 06 Jun 2018

    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.

    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?

    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
    Top Contributor

    Top Contributor (Apr)

    Level 8. Wizard
    Answered on 06 Jun 2018
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  • Jonathan Chia Guangrong
    Jonathan Chia Guangrong, Fund Manager at JCG Fund
    Level 6. Master
    Answered on 18 Sep 2018

    Start by knowing yourself first. Why do you want to invest? What is your investment psychological profile like? Will you be able to sleep well at night if the value of your investments plunge? Read up readily available material like the intelligent investor, learn to earn or financial blogs like investment moats. These will give you a grasp of what doing investment is like. The only platforms I know that allows simulated trading is oanda and thinkorswim. The former is meant for forex while the latter only covers US market. Hope this helps

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  • Nicholas Chan
    Nicholas Chan
    Level 5. Genius
    Answered on 17 Sep 2018

    Thinkorswim has a demo account functionality that u can try virtual trading

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  • Gabriel Lee
    Gabriel Lee
    Level 6. Master
    Answered on 17 Sep 2018

    Used TradeHero before in the past, great way to try out with virtual money. But take note that the experience when trading with virtual money and real money is quite different because of your emotions etc.

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  • Jason Sin
    Jason Sin
    Level 5. Genius
    Answered on 16 Sep 2018

    Philips Capital, TD Ameritrade

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  • Dwivid Sharma
    Dwivid Sharma
    Level 3. Wonderkid
    Answered on 22 Aug 2018

    There are some broker providing demo trading feature with stocks trading. I think this might help you to learn how trade safely with real price movement.

    Try to open an account with this broker

    1. OCBC Securities
    2. IG Singapore
    3. PhillipCapital
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