Tuesday, November 24, 2009

fantasy game...anyone?

I've just registered with the wallstreetsurvivor.com, to play with their fantasy trading.Until now, i haven't pick my profile yet.And do nothing with the virtual money that been given for each player to start with. For early stage, each player will be given USD 100k(virtual of coz) to start trading.They can start trading with stocks and option.

At 1st, i thought i'm gonna trade with the stock because i am more familiar with stocks rather than option.Even though the option will give u more money( let say u can make a great deal), but i stick with my opinion to deal with stock market.But, the main reason i didn't do anything with the money is that, i didn't really know the market.Yes, i do involve in investment, but it is limited to Malaysia market.FBMKLCI , myETF, KLSE, its all in Malaysia. The game that i played just now, were the wall street!! NASDAQ,s&p500, dowjones. How i'm gonna trade, if i don't even know the company to pick?huhuhu.After reading the tips, i choose to buy a RBS stock for 100 unit.Even though it was not a right move to gamble.

This scenario make me think, why we didn't have our own fantasy trading game?.Before this, one of the banking provider(_ _ _ _ bank) had done once.But it was stop,after the competition ended and no 2nd round. I don't quite understand,as it is good and it will serve as a platform to those who want to get involve in the investment, especially new comer.At least, they can practice, make a good money and later, they can make a real investment.They also can plan their strategy and learn from the mistake so that they wont loose money in the real trade. I really2 hope that someday, we can have our own platform to play such a game.

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