Simulated stock trading software
The purpose behind such a system is to let a person practice with fantasy funds in a real-world context so they can determine whether or not they would gain money investing by themselves. Fantasy simulators trade shares or derivatives of real world items or objects that normally would not be listed on a commodities list or market exchange, such as movies or television shows. Some simulators focus on sports and have been linked to active betting and wager based systems.
Some of them are open source , and others are proprietary with the code being sold as valuable prediction market software. Stock Market simulator engines can also be customized for other functions than just basic stock information tracking.
Other applications that can be implemented with this software include popularity tracking and ranking from a set scale rather than an actual numerical value. Stock market games are speculative games that allows players to trade stocks, futures, or currency in a virtual or simulated market environment. Stock market games exist in several forms but the basic underlying concept is that these games allow players to gain experience or just entertainment by trading stocks in a virtual world where there is no real risk.
Some stock market games do not involve real money in any way. Players compete with each other to see who can predict the direction the stock markets will go next. Stock market games are often used for educational purposes to teach potential stock traders and future stock brokers how to trade stocks.
Stock market games can also be used for entertainment purposes and to engage in fantasy trading competitions. Some stock market games are not based on financial markets at all. These virtual stock markets are often based on things like sports or entertainment 'stocks'. Players are asked to invest in a particular sports team for example. If the team is doing well, the stock goes up and if the team is playing badly the stock value for that team falls.
Another stock market game, Empire Avenue , links a player's share value to their activity on social media sites thus motivating players to invest virtual currency in other players whose social media influence ranks highly. Simulators could be deceptive or sometimes misleading, giving the beginner a wrong impression that live trading is an "easy fill".
These simulators are subject to criticism because they introduce to trading used to do speculation that is considered negatively in the moral context. From Wikipedia, the free encyclopedia. Retrieved July 8, Retrieved 22 March See below for what's included. Plus, run an entire session of GoVenture Stock Market within minutes, or over an extended period of time!
Compete against others head-to-head and against the computer. Use a single computer, or play on multiple computers — over a local network or the Internet. With over activities, topics, and outcomes covered, GoVenture Stock Market makes it quick and easy to deliver curriculum-matched outcomes in a way that is problem-based, cross-curriculum, thematic, and holistic.
View Activities, Topics, and Outcomes. Unlike other stock market games, GoVenture Stock Market is not connected with the real stock market, and instead uses fictitious companies and markets. This offers several benefits for introductory and classroom-based learning. Stock market games and simulations that are tied to real-time stock market activity, although realistic, have several significant drawbacks that make many learners and instructors reluctant to use these systems.
Online simulations often have fixed deadlines, startup dates, and schedules of participation. They often require many weeks or months of participation to complete one simulation exercise. GoVenture Stock Market condenses time into "virtual" weeks, simulating years of economic and market activities in a condensed timeframe. You can start a new simulation at any time, pause it, save it, and return to it later.
Many simulations are linked to real stock markets, posing a highly complex challenge which can overwhelm learners and instructors alike. GoVenture Stock Market provides an educational challenge in a simulated environment: Simulations tied to real market activity, in real time, are limited to a narrow window of fluctuations and do not reflect the full potential of economic swings over a long period of time.
GoVenture Stock Market condenses virtual time and economic cycles to provide the realistic effect of markets in different conditions. In a few hours of play, you can experience years of economic variation. Start a new simulation, and you can have totally different conditions challenging you. Simulations linked to real stock markets often do not meet different learning style needs.
Others are designed as games, and lack structured educational pedagogy. And some stock market simulations are over by the time learners understand the concepts. GoVenture Stock Market is designed as an educational tool to meet a wide range of learning styles. It is designed to be used as a learning program on its own, or to complement other learning materials, courses, programs, and curricula.
It can provide a valuable learning opportunity for an individual or an entire class, within a single hour of use — or over an extended period. Some classrooms and students may not have computers or reliable Internet access required for online simulations. GoVenture Stock Market can be run on a stand-alone computer, or over a network without any Internet access.
View samples of these resources. Lesson plans and activities designed to bring education on investment, return on investment, and stock market transactions alive in the classroom. A helpful feature included in the software simulation that displays detailed simulation results, assigns a score to performance based upon a number of factors, and can be printed out as a report for evaluation.
A page book that outlines the basics every aspiring business owner needs to know in an easy-to-read, summary format. See the table of contents. Watch demonstration and training videos - the best way to get started quickly.
Why states and districts are adopting GoVenture as a curriculum standard. A special resource for schools and nonprofits to help find the funds needed to purchase GoVenture. A guide to using GoVenture in the classroom or in a business training environment. Summarizes helpful business and money information into a single sheet of paper.
A free website containing a wealth of business tools, activities, and games. Subscribe to our mailing list and receive the Education IdeaBook — a full-color, page collection of fascinating facts, discussion-starters, and teaching tips to bring learning to life. Download it and more right now! Experience the thrills and challenges of the stock market. Play for up to 10 years in a simulated market. Activities, topics, and outcomes With over activities, topics, and outcomes covered, GoVenture Stock Market makes it quick and easy to deliver curriculum-matched outcomes in a way that is problem-based, cross-curriculum, thematic, and holistic.
How GoVenture Stock Market differs from other stock market simulations. Flexible Scheduling Online simulations often have fixed deadlines, startup dates, and schedules of participation.