In the real world of Finance, stock trading is one of the hottest activities you can engage yourself with and while there are plenty of highs and lows in it. Starting off as a beginner or a professional has no perfection, but with simulators that’ll simulate the stock market, you’re good to go. In today’s on NaijaKnowHow, we’ve compiled the best stock market simulators out there, you can access these simulators on your Android or iOS device.
List of The Best Stock Market Simulators for Stock Traders
Before going into stock trading, you might consider using any of the best stock trading apps for beginners for a start, and while doing so. Make sure you have a stock market simulator beside you as that will help as well.
1. BestBrokers: Stock Simulator
BestBrokers is one of the best stock market simulators out there and it’s an app that’ll let you make decisions based on your portfolio, such as what stocks to buy, when to sell them, and how much risk you want to take. Some offer real-time data while others provide historical data only. BestBrokers has a lot of features and it’s an app that’ll boost your stock market journey to the top. You can download it on your Android device and it also lets you connect with friends and share ideas together.
2. Marketsim
There are a lot of stock market simulator apps out there on Google Play Store and Apple Store, but Marketsim is one of the best out there and it’s a stock market game every stock trader should have on their smartphones. It has a clean interface, an intuitive format, and plenty of features that make it easy to learn about investing. You can also simulate various scenarios like what would happen if I invested in stocks versus bonds. or if I invest $200 per month in stocks, what will be my ROI? MarketSim is a top virtual market simulator that has over 100,000 trading symbols and it offers unlimited trading, you can also monitor your portfolio and also read the latest breaking news from MarketSim.
3. StockFuse
One of the best features of this app is its ability to generate realistic random quotes that are updated daily from around the world so you can see how different types of stocks react differently to fluctuating economic factors. When it comes to stock market simulators, there’s a lot on offer, but many only focus on one aspect or element of the market. With this app, however, you can try your hand at all aspects of trading in a variety of ways. It is one of the best stock market simulators for stock traders, this app is only available to iOS users alone.
4. Trading Game: Stocks & Forex
Trading Game: Stocks & Forex is an app that teaches students about the stock market. It’s a fun way to get some hands-on experience with stocks, without risking real money. It’s an app that’ll simulate the stock market for you and offers plenty of ways to learn more and stocks and how to trade them. You can create your own portfolio of stocks or follow others’. You can also see how your portfolio stacks up against the S&P 500 index. Trading Game: Stocks & Forex is one of the best stock market simulators out there.
5. Stock Market Simulator Game
Stock Markey Simulator Game is quite popular amongst smartphone stock traders and this app is one of the few virtual market trading apps out there that’ll give you insights on the market before you invest. You could predict having over $1000 and you’ll like to invest in assets like gold, forex, stocks and so on. This app will simulate it all for you and will let you know if you’ll lose your investment or get double in return. Stock Market Simulator Game is used by both professionals and beginners, the app is one of the best that stock traders use, it’s available for both Android and iOS users.
6. Stock Trainer: Virtual Trading
Stock Trainer: Virtual Trading is a stock market simulator with a self-explaining title. It allows you to trade stocks, make trades, and track your performance over time. You can set up an account with the app or log in with your Facebook account. You’ll find different types of assets on this app and you can practicalize them all. Stock Trainer: Virtual Trading app is free but if you’ll like to remove ads from the app, you’ll need to upgrade your account. But aside from advertisements, this app offers all of its stock trading features for free. You can download it on your Android device.
7. Stock Market Simulator
One of the best ways to become a better trader is by practising with simulated stock market environments. Stock Market Simulator is one of the perfect apps that’ll improve your trading skills and then turn you from a beginner to a professional. This app offers a variety of trading features, using real-world stocks like Apple or Exxon Mobil. The graphics in this simulator are great and the realism level is about as high as you can get. You can also see data such as price movements over time, graphs, news events, and more. You can even make trades on this app to help boost your skills before you put any money on the line.
Conclusion
Understanding the stock market is one of the best ways you can make more profits and have fewer losses. Using a market simulator helps a lot and with the list of the best stock market simulators that have been listed in this article, you’re good to go as a stock trader.
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