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?

Share this
Answer this question
Write your answer

Answers (7)

Sort by:
Most Upvote
  • Most Recent
  • Most Upvote
    • Joash Chua
      Joash Chua
      11 Answers, 19 Upvotes
      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.

      Comments (0)
      Share this
    • Gabriel Tham
      Gabriel Tham

      Top Contributor (Dec)

      392 Answers, 707 Upvotes
      Answered on 06 Jun 2018
      Comments (0)
      Share this
    Jonathan Chia Guangrong
    Jonathan Chia Guangrong, Fund Manager at JCG Fund
    277 Answers, 400 Upvotes
    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

    Sign Up or Log In here
    Sign in now to unlock 5 more answers to this question!
    Sign In with Facebook

Manage your money for free today!

Download on the App StoreGet it on Google Play
  • Quick overview
    Quick overview of your bank and card transactions.
  • Secure syncing
    Secure syncing of your bank or credit cards transactions
  • Automatic categorization
    Automatic categorization and analysis for your expenses
Seedly app