Stock Trading Simulator are
stock trading based games that feature a virtual stock market. These games are
developed and ideated mostly by stock brokers, to give its clients a feel of
the actual stock market and get some hands on training and confidence before
they begin trading in the actual Stock Market.
Stock Market simulators are of
two different types, i.e. Financial Market simulators and Fantasy simulators.
Financial Simulators
Financial market simulators
allow its users to generate a virtual portfolio which is based on real stock
entries but is bought with virtual currency. A majority of the current active
financial simulators use delayed data feed between 15-20 minutes to ensure that
traders do not use their data to trade actively on a competing system.
The main purpose behind such a
system is to let the investor get hands on practice with fantasy funds in a
real-life situation so that they can understand and determine whether they
would or not gain money by investing all by themselves.
Fantasy Simulators
Fantasy simulators trade in
shares or derivatives of real world items or things that usually are not listed
on a commodities trading list or market exchange. For e..g, movies, television
shows, etc. Some of these simulators focus on sports and may or may not have
been linked to active betting and wager based systems.
Technology behind these
simulators
Many of these online stock
simulators use Java, Javascript, ASP or php with a mysql or postgresql database.
Many of them are based on open source and others are proprietary with the codes
being marketed as priceless market software. This technology has been sold to a
lot of film studios such as MGM and Lion’s Gate films and also to many popular
science teams for usage in their PPX systems.
The stock market simulator
engines can be customized for being used in other functions other than basic
stock information tracking. The HSX engine has also been modified to trace
popular science trends and is very useful in tracking YouTube videos.
Other various applications that
can be used for implementation with this software including popularity tracking
and ranking from a set scale rather than actual numerical values.
Many of these Stock market games
are speculative that allow its players to trade in stocks or in a virtual or
simulated share market.
There are many stock market
games which exist in several forms but the basic concept in these games is to
allow players to gain experience in trading in the stock market or just for
entertainment by trading stocks in a virtual world where there is no actual
risk.
Some stock market games do not
involve real money at all. Players compete with each other to actually see who
can predict the direction of the stock markets. Many stock market games are
based on real life stocks from NSE, BSE, etc.
These games are useful for
people who don’t know anything about the stock
market but want to invest in stock
market.
It allows them to get a feel of
the actual market without involving any risk factor.
No comments:
Post a Comment