The stock market is one of the most irregular, unpredictable, and downright crazy things. Admit it, if it were not, you would not love it and as a matter of fact, we would not either.
The fantasy stock market rides heavily on emotions, be it fear, paranoia, happiness, or euphoria. When people think that the price of a particular stock will go down they start selling it in fear and tension that they might face some loss. Similarly, when a stock is doing well in the market everyone wants to invest in it and gain some profit and this frequent buying pushes its price up even more
A few reasons to love the fantasy stock market:
1. No capital risk:
If you are in the stock fantasy game then it does not matter whether you are a beginner or an expert trader. You have absolutely no risk for capital involved. You can trade any of the markets. You can analyze tons of data related to the market. You get to learn a lot and you can play around with the tools that the fantasy stock market offers.
2. Real-Time Analysis:
Since the fantasy stock market game is connected to the markets in real-time you get a first-hand experience of how the markets function at different stages. And as you are taking part in trading and investing on your own you will understand how things work in real-time. You can also keep the track of your profit and loss of all your investments, using the built-in reports of the fantasy stock market games.
3. Use of Virtual Money
As a human being what pinches most to anybody is money outflow, but in a stock market fantasy league you will use the virtual money for trading purposes, so there is no actual money involved. So you can spend or invest as much as you want to without worrying about the loss.
4. Building confidence:
When you practice regularly on a fantasy stock market platform, over a period you can see what worked and what did not. You can then analyze what did not work and take corrective measures for the same. And as said practice makes a man perfect so after practicing on a virtual platform you will be able to invest your money confidently in the real stock market and you will not repeat the same mistakes that you did in the virtual environment.
5. Prevention is better than cure
The statement holds good even in the case of stock market trading. Take prevention measures to avoid losses rather than covering them afterward. Fantasy stock market is a platform from where you can see everything happening in the market without worrying about the risk of loss.