The Sensex Online Stock Trading Gam
Sensex.in stock games is a virtual stock trading game for the Sensex Indian stocks index. If you read my past review on virtual stock trading games, then Sensex is definitely one you should add to the list. Because it focuses on just Indian stocks, you will become more familiar with the Sensex index in record time. To fully take of advantage of the stock trading game, I opened an account, which was simple and easy to do.
Register for Free
Like most stock trading games, registration was free and straightforward
Once you sign up for your account, then you can start purchasing stocks.
Start Experimenting with Indian Stocks
For educational purposes, I bought a stock that I already own shares of - Tata Motors. One disadvantage of the game is that all trades are in rupees, the currency of India. Even though maintaining the native currency of India preserves true trading authenticity, it can be difficult for traders to understand how changes in currency affect stock prices. For instance, when the rupee is faced against the US dollar, the exchange rate often has more to do with price fluctuations, rather than market conditions. That is one factor that the webmaster may want to alter. Perhaps a currency conversion calculator would be very beneficial to all users, regardless of country origin.
Compete Against Other Sensex Users
The Charts feature allows you to view the portfolio performance of all others Sensex users. Performance calculations are live, but a good feature would be to add a profile feature for all user accounts. I’m sure Sensex could expand its site features. If they want traffic to increase, they will have to compete with other virtual stock market games that offer those features.
Connect with other Sensex Users
The Sensex forum is a cool feature that most investing sites take advantage of. But unlike most financial sites, most of the users reside in India, so you gain a different than usual perspective from the forum contributors. If you wanted to invest in India, wouldn’t you confide in Indian residents? In my opinion, Sensex forums is one of the most invaluable features the site has to offer. If you do nothing else, check out the forums for sure
Benefits of Online Stock Trading
Online stock trading games have been very successful in creating awareness of and raising interest in investing. In fact, even younger people who play the games - particularly teenagers - have shown heightened financial management skills. In fact, educators are now looking at online stock trading games as possible study aids. Many schools and universities have either incorporated -or are planning to very soon incorporate- games into economics and finance classes.
Easy to Use
Anyone can play online stock trading games. Just sign up for a free mock account, and you can start dealing like a pro, too. You can easily set up a virtual stocks and shares portfolio, spread betting, or CFD or Forex trading portfolio. After this, you can instantly compete against your friends or anyone else in the mock trading competitions. You can even join competitive leagues. The games are available not only for personal computers, but also for portable mobile devices such as wireless Internet-capable personal digital assistants and even cellular phones.
Offline Stock Trading Games
If you are not particularly technologically savvy, do not worry - there are also more "traditional" stock trading games available for you. These games look much like regular card games - you trade your cards (as stocks) with the aim of cornering a specific stock market (getting all the stock cards). The games come complete with trading rules and even trading how-to's. They are usually inexpensive - most are available for under $15
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