Investopedia has a great stock trading simulation which allows you to trade $100,000 of fake money based on real-time market data. It’s been around for a couple of years and you have the option of joining a number of different “games”.
The main game is a fairly accurate representation of what managing your own discount brokerage account might look like. There are over 175,000 accounts against which you can compare your performance to. The top performers have turned their $100,000 to millions, but they may have been playing for years. If you prefer, you can enter into quarterly games which measure you against other competitors based strictly on one quarter’s worth of market activity. You can also join these games late, for example the latest quarter started on July 1st, but you can still join in.
There is no cost to sign up for a free simulation account, but there are lots of ‘free informational newsletters’ they offer you to subscribe to as you register for an account. You can decline all these offers and just set up your account and register for a ‘game’. You can also register for multiple games as well, each with separate portfolios. You can trade options, short stocks, set up straddles or even just stick with a buy and hold strategy – the sky is almost the limit. Note that some games don’t allow you to enter trades which represent more than 10% of your portfolio because they recognize that you might not make that same trade in real life.
One note of caution: don’t let your simulated performance fool you into thinking your real world performance will be just as good. No matter how you cut it, you almost never trade the same way with real money that you would with fake money. Second – if your ‘simulated’ performance or strategies have been working out, there is an unwritten law of the universe that says as soon as you start trading for real the strategies stop working.
If you would like to check it out: CLICK HERE. This is not a paid review, and I am not receiving any compensation for directing anyone to this site. Just thought it would be of interest to some. :)