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Methods to Make Monet with Stocks with Investopedia Stock Simulator
Finance & Accounting
Pages 4 (1004 words)
Methods to Make Money with Stocks with the Investopedia Stock Simulator Introduction A stock market has always been a place for many to try and make a killing through skillful and methodical approach. Peter Lynch, Warren Buffet, George Soros are some of the well known names having made their fortunes in the stock market and inspired numerous people to learn and master trading and investment philosophies in the right earnest.
On the contrary, it takes money out from the market by way of commission and taxes associated with each transaction. With these insights, it becomes more interesting and challenging to understand the game of investing and trading using Investopedia Stock Simulator through virtual money, albeit in a real stock market settings. I have been fortunate to know and try about Investopedia Stock Simulator to learn nitty-gritty of this game of investment. The stimulator provides $100,000 as virtual money to invest or trade depending upon someone’s whim and fancy. I simply decided to divide the sum in two parts – long term investment, and short term or swing trading including day trading in the ratio of 70/30 in that order. Long Term Investment Philosophy Warren Buffet is a strong believer in compounding power of the money that is why he prefers to invest usually for a long period of time. His wisdom does not prompt him to be a frequent trader. His long term horizons are made of 20 years or so unless something critical has happened with the stock. ...
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