Stock market simulators
Stock market simulators are popularly known by its short form of SMS which is the abbreviation for the same. They are nothing but a form of gaming tool thus introducing the new comer to the stock market and how to trade with shares. In a wider sense the term simulator can be defined as the device which helps to instruct the teachers, in several subjects of history, economics, finance, current events, social sciences, information technology etc in a very informative way. Hence technically the stock market simulators can be defined as a tool which helps in instructing the amateurs into the world of stock market and shares. It is basically a classroom activity which is used by the desired students in the United States of America.
The game is not usually played in singles but the students interested are grouped and teamed to play this activity. Teachers and students are usually accessible to the state specific stock market simulator web page. But for teachers who are not accessible to the stock market simulators in the area or state in which they are residing, then they are introduced to the national stock market simulators for easy access. Initially the students are given imaginary money of 100,000 dollars. It is within a ten week period that each team should try to increase and raise the income of their given share portfolio by purchasing and selling the necessary stocks of companies that are listed or recognized by the New York, American and the NASDAQ stock exchanges. Intense training and information are also given to the students and teachers with respect to mutual funds, margin and stock selling with respect to shares.
How to get accessed to the stock market simulators The stock market simulators or the SMS as it is popularly referred to as, is manipulated through the internet. The students or teachers, who are not accessible to the internet, can play the same using a payment free fax machine. No specific number is indicated as to the set of students who comprise a team. However three to five students are minimally recommended in each team. Lesser the students in each team, greater will be the interaction of the students with each other. Hence a small students team is usually preferred than a large student team. Depending upon the interaction of the students, the teachers group the team according to their choice as each school is funded according to its capacity and efficiency. The student team can get accessed to the stock market simulators through the internet at any time of the day as the trading is open on all seven days of the week, without a break. The stock market simulator is very easy to handle and work with as it does not rely on any software. Also it does not require any articles to be downloaded from the net. The stock market simulator is purely web based. The cost of running it is only twelve dollars per team.
The stock market simulators are first introduced by the teachers to the students who are initially grouped into teams. Later the game is played in various classes of mathematics, social studies, business education etc. Interested students can really benefit by playing the game as it will enhance their knowledge on the economic and financial condition of ones county. Students are also encouraged to go through various books thereby giving them the scope to enhance their knowledge. Research work in the economic and the stock market field is also utilized by helping the students to go through various magazines, newspapers and internet sites.
The very first stock market simulators of its kind was developed by the Stock-Trak, Inc, company that has the reputation of producing simulators for college level students in United states of America. The main office is located in Atlanta, GA. SMS was used as an effective tool by various professors and tutors and nearly 40,000 students all over the world accessed this facility for more than ten years. Four years back the stock market simulators were introduced to the high school students also. The stock market simulation is accessible through the state councils, state centers on economic education and also by the daily newspapers. The overall maintenance of the Stock-Trak Inc which has introduced the stock market simulators is managed by the Nation Center on Economic Education. Nearly seventeen states across the United States of America are using the services of stock market simulators having nearly 20,000 student groups per semester.
Any individual who would like to play the game with the stock market simulator could visit the center's homepage or register oneself by calling on the stock market simulator help desk at 1-866-767-3375. Any questions regarding the registration process can be clarified by efficient officials. Once the individual is registered to play the game, the specified password and the team number will be informed via email. After this process the actual simulation game begins and the individual along with his team may start trading initially. However the team number and the password should be entered correctly at the login page or else one will not be able to view the login page and the trading process will not be initiated. Also if one intends to change his team number and the pass word he may have to seek the help of the stock market simulator help desk number as referred earlier. Do remember to have the password confidential and secure.
Other Articles
