How do I start doing a "fake" stocks thing?

Question

I want to pretend to have a $1000 or so and pretend-invest in stocks. That way i can see how well ive done after a week or so.

Answer 1

You could go to Zacks.com and practice your trading skills with stocks. I believe they have quarterly contests which pits you against other investors. good luck!

Answer 2

This is great that you are interested. We live in a much different world then our parents did, So we have to become experts.

Picking stocks requires knowledge. You need to go out to the internet and start to learn about these concepts:

Step 1
Asset allocation
Long term investing
inflation
Roth ira vs ira
Large med small cap
Value vs growth
Indexed mutual funds
No load mutual funds
ETF
Sector funds
Bonds CD preferred stock
dividends
International funds
Market cycles
volatility
Fundamental analysis
Technical analysis


Step 2
While you are doing that, got to http://clearstation.etrade.com/
Pick a stock from the “A” list and click on it
You will see a lot of graphs, on the right is the name of the graph… click on one
This will explain what the graph is measuring.
Back to the graphs, on the left is a button in orange “interactive graph” click on it
There are a lot of options there, play with them.

Get familiar with this site, you can sign up for a free account. Then when you pick some stocks, you can store them in your own area and follow them daily.

Now because you learned about asset allocation from step 1, you better start with $10,000.

Learn to use the graphs to tell you WHEN to buy or sell, but pick your stocks by what you see all around you. What is everyone paying for.

Good luck.. and have fun

Answer 3

Hey there,
I've been trading the market for just a few months. My cousin actually told me about this website ( http://pennystocks.toptips.org ) and I signed up immediately after. This is my honest review about their method. I'm not someone who has a lot of time to be researching for ideas because I work many hours. they made it incredibly easy for me to make money in the market. Their reports are easy to read and follow. I've tracked most of the stock ideas that I've received in my e-mail from them and MANY have seen some nice gains after their announcements. I've made a nice profit (55% return on my investment on one, and 112% on the other!) on a couple of suggestions he's given and plan to start trading his ideas a lot more.

For more info: http://pennystocks.toptips.org
Best

Answer 4

Pick a bunch of stocks go to www.morningstar.com setup a free portfolio and keep an eye on it.

Then, really start researching the companies you are interested in. Read everything you can about investing. Then if you still aren't sure about what to do. Buy an Index Fund.

Answer 5

Just pick some stocks and you can chart them. You can log them onto your email (excite.com has that) and you see the prices daily, totals, etc. A week isn't long enough, do it for at least a month. Pick some stocks that are to go up like the so called "green stocks" that have to do with alternative energy; ethanol, wind energy, things like that.

Answer 6

Hi, i know what your question means. i also think stock market is a nice place for investing.

I found some useful tips in stock trading. It includes stock basics, how to protect your profit, find a potential increase share, control and manage stock risk, when to sell/buy stock and so on.

http://www.bernanke.cn/stock-trade/

Best Wishes && Good Luck!

Answer 7

www.wallst.net they will give you a 100,000 and track your gains and losses