For someone new to the stock market this is a great place to start. Players can easily set up a FREE account, track their progress, and learn how important it is to research stocks prior to purchasing.
Stephenville, Texas (PRWEB) July 21, 2010
Learning how the stock market works can be both intimidating and frustrating. The terminology alone is enough to convince you to leave it to someone else. HowTheMarketWorks.com, a free virtual stock exchange, makes learning fun by teaching you how to understand the ins and outs of the stock market while trading. HowTheMarketWorks.com is an excellent tool for high school and college students wanting to understand how stock trading works or seasoned traders who just want to experience the thrill of the stock market without using real money.
April’s top contestant, Randall Hamrick, 58 of Stephenville, Texas enjoys the freedom of the virtual trading game. Hamrick, who is retired and lives on a fixed income, has been studying the stock market since he was 16 years old. He is a dedicated player and has been in the game for about five months. He enjoys what the website offers and is pleased with how easy it is to find what he needs.
“For someone new to the stock market this is a great place to start. Players can easily set up a FREE account, track their progress, and learn how important it is to research stocks prior to purchasing” says Hamrick.
Hamrick goes on to explain that the site offers all aspects of trading, from day trading to short selling. Players can choose different contests to enter, learn about different brokerages and financial sites, plus receive live quotes, review the current top 500 companies and choose from valuable resources.
“What I really like about HowTheMarketWorks.com is that that the site allows a player the luxury of being qualified as a day trader once the player has more than $25,000 in their account. Players are also allowed short selling, something that other sites I have been involved in don’t allow. This is a great site that offers easy to understand information for someone who is just getting started in the stock market and challenging enough for an avid player,” adds Hamrick.
His strategy for playing the stock market boils down to these top three rules:
1. Never fall in love with a stock.
2. If the stock makes more money, it’s worth more money.
3. Research till you are optimistic, and then buy.
Hammrick says “you are your own best friend. Never trust another person’s optimism. Research the stock yourself.” His final piece of advice, “always remember this Merrill Lynch quote; investigate, then invest.”
HowTheMarketWorks.com is totally free to use. Players have the option to trade real stocks with virtual money. HowTheMarketWorks.com is a great learning tool for just about anyone that wants to learn how the stock markets works. Teachers and professors can sign up their classes, allowing an unlimited number of students per contest. Teachers can view their student’s stock picks during the contest and after the contest, students can see each other’s picks. Players can compete with friends, and choose or create their own type of stock market game. HowTheMarketWorks.com is owned by Stock-Trak. Through its various consumer websites such as http://www.WallStreetSurvivor.com, http://www.StockTrak.com, http://www.HowTheMarketWorks.com, and http://www.NationalSMS.com, Stock-Trak helps everyone from elementary school students to senior citizens learn how the stock market works with its virtual stock trading platform.
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