Discover the best share market games for Australia in 2020
Does anybody know what’s going on with the stock market lately? We started the year with historic highs! Then came some of the biggest losses in recent history…Now things are starting to track upwards. Yes upwards, despite worldwide shutdowns, unheard of stimulus packages and a looming recession.
Why is this happening? Are people having a punt in the share market because casinos are closed and sports betting is on hold? Are speculators trying to pick the bottom to make some quick gains? Or is the economical effect of the virus not as big as once thought. Who knows. Your guess is as good as mine right now.
A major downside of share investing is the frequent change in price. It’s not like buying a house, the price of a share can change every minute. To have peace of mind, some investors choose not to look at the day to day share prices. They don’t have to worry about the stress of the ups and downs.
Other investors can’t help but check their portfolio every hour.
If you’re new to investing, this can all be scary, But I have good news! You can try your hand at share investing without putting any of your cash on the line.
We have found some of the best share market games for Australia. These games simulate investing in the real market… With fake funds.
These games are a good place to start to see how you handle market volatility before you put your money on the line. If your already an investor, you might find them as a fun way to experiment.
Here are the top three share market games for Australia that we have found:
ASX Share Market Game
The ASX share market game is arguably the most popular game in Australia. The Game is free and has thousands of players. You can win actual cash prizes for playing. You begin with a $50,000 cash injection for you to invests how you please.
You have a choice of 200 companies that you can purchase shares in. The game works very much like the actual stock market and you make trades based on live prices when the market is open. There is a downside to the ASX Share Market Game. It only runs twice a year for 15 weeks. The Game operates from March till June and August till November. To make sure you don’t miss out on the next game, check it out here.
If you don’t want to wait for the ASX game to be open, then check out the StockWatch game. It’s open all year round and is free to play. StockWatch offers an easy to use platform to help you learn about the share market.
Like the ASX game, you will start with $50,000 in funds that you can invest. There is a rule though, you can only invest a maximum of 10% in any one company. A downside to the StockWatch platform is that your prices are only updated on the hour and your purchases are only settled on the hour. If you want to play, check out the game here.
Would you like to dabble with investing outside the Australian Stock Exchange? Well then maybe you should check out the Investopedia Simulator. Once again, this game is free to play and open all year round. What’s cool about this game is you start with $100,000!
The Investopedia Simulator has a strong community made up of over 700,000 users across the world. You can make connections and discuss investing with the community. To help you out, Investopedia has integrated its educational content into the game. The only downside is it’s arguably less relevant to Australian Investors. Check out the Investopedia Simulator here.
What is the best share market games for Australia?
To find the best share market games for Australia, we’ve given them all a try, and here is what we found. If you’re new to the investing landscape, I would recommend getting started with the ASX Share Market Game. If you don’t want to wait, head over to StockWacth and when you’ve had a chance to find your foot, check out Investopedia.