9 Best Investment Games To Improve Your Skills At Making Money
Engaging in investing games is an excellent way for an individual to master the basics of investment management and hone their strategies. Before the rise of the digital world, old-school traders rely on pen and paper to practice their approach to this field. However, technology enables us now to use this kind of advancement to practice with virtual money. Below you will find the 9 Best Investment Games to improve your skills at making money.
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1. Stock Trainer: Virtual Trading
What Is It About?
Stock Trainer: Virtual Trading aims to help beginners understand how to use real market data with their stock investments. The app engages in a real market simulator, which will serve as the mainframe for trading. What makes this app unique is that it does not limit its money market to the New York Stock Exchange (NYSE); instead, it allows the users to choose from different regions they can work with.
Features
- Supports 20+ stock markets around the globe
- Has a stop-loss and limit order
- Zoom option to view the stock charts
- Shows news articles about the business to help in the company’s trading option
- Tracks the top movers and top losers
- Suggest possible market to invest in
- Projects a summary for the user’s portfolio
- Has a night theme
Pros
- There are no advertisements inside the app
- It automatically backs up the account in the Firebase Cloud
- It allows trading anywhere around the world
- The app is well-organized and simple to figure out
- The data are up-to-date
Cons
- The user interface (UI) is not aesthetically pleasing
- It does not give dividends
- The search option takes a long time to show a market
- The buy stop order is not included in the simulator
Download At The Google Play App Store
2. Best Brokers: Stock Simulator
What Is It About?
Of all the apps listed here, Best Brokers: Stock Simulator provides the broadest range of stock markets to choose and invest in. This app also shows a series of videos that can serve as a supplementary learning material for you. Its Frequently Asked Questions (FAQs) section answers relevant information about the app – how long a specific market opens, order functionality, what to do in trading hours, and many more.
Aside from teaching the ins and outs of the stock market, it also allows the users to have a glimpse of how to trade digital currencies such as Peercoin, Bitcoin, Litecoin, and Dogecoin.
Features
- Leaderboard: Compare your progress with your family and friends.
- Messages: This feature will enable you to connect with other users and lets you chat with one another.
- Portfolio: Your portfolio will show your starting money of $25,000. You can also view here your weekly and monthly charts, alongside your order history.
- Stock Market: You can access the stock indices, ETFs, and details about bonds in here. This field is also the place where you can buy and sell orders.
Pros
- It has a user-friendly interface
- There are various investment options
- It provides real-time information; hence, making it more realistic
Cons
- User sometimes have troubles starting the app or crashing issues with selected devices
- It does not include interactive tutorials
- It is challenging to pan or resize the graphs
- You cannot input an exact number to buy and sell stocks (they use slide bars instead)
Download At The Google Play App Store
3. Stocks & Forex Trading Game
What Is It About?
Stocks & Forex Trading Game is a simulation app that introduces the user to the world of Stock Market and Foreign Exchange (Forex). The lectures allow novice traders to learn about the basics of trading forex, how currency rate fluctuations influence the market and using relevant data to come up with the best strategies. Once the user finishes all the readings, their knowledge will be put into test using the forex stock market simulator and fun quizzes.
Features
- Learn: A compilation of lectures on the basics of forex trading. It includes charts, expert tips, examples, and pro-strategies.
- Trade: It displays line and candlestick charts to understand the status of the market. It has a diversified trading portfolio.
- Quizzes: Interactive quizzes with around 400+ questions on currency exchange and stock trading.
- Brokers: Shows the daily, weekly, and overall rankings of the traders worldwide.
Pros
- It has a wide range of portfolio which includes foreign exchange markets, most popular stocks (including cannabis stocks), commodities, and cryptocurrency
- The app is very interactive, that’s why it is easier to explore the settings
- The language and terms used are easy to understand
Cons
- There is no introduction to the oscillators or indicators
- The charts are sometimes confusing to analyze due to the interface
Download At The Apple App Store
4. The Game Of Stocks
What Is It About?
Game of Stocks is a USA-based stock market simulator game. The app starts with you getting initial money of $22,000. From here, the users are given the freedom to buy and sell their stocks based on real prices. They are only allowed to trade when the markets are open (markets close on Saturdays, Sundays, and the holidays).
Features
- It shows real price quotes from actual stock companies.
- The app supports order types such as stop, limit, and market.
- They give out dividends.
- Daytrading is possible.
- It displays real-time finance news linked to multiple reliable websites.
Pros
- No need to register and log-in an account
- You can import and export the information from the game file
- There are many currencies for trading to choose from
Cons
- The users are required to have basic knowledge about the stock market
- Some phone models do not support the app
- It prompts ‘You need an internet connection’ (even though there is either wifi or cellular connection) every time a user buys a stock
Download At The Google Play App Store
Related: Does Acorns Have A Sign-Up Bonus And How Much?
5. BoneApps: Stock Exchange Game
What Is It About?
BoneApps Stock Exchange Game is another info-driven stock market simulator. You get to do trading using real-time prices and stock market companies. What’s unique about this app is that it simulates various unexpected world events so that the user can experience realistic stock fluctuations. This feature will also give you a sense of urgency in buying and selling your stock correctly.
Features
- Economic Strategy Games: The fluctuations are based on the current financial news and possible future world events.
- Level-Based Game Play – It contains a leveling up system which will determine the difficulty of trading.
- Leaderboard – It enables you to keep track of the progress of other users, and it also allows you to compete with them.
- News Features – Articles and write-ups about the happenings of the stock market companies are collected here.
Pros
- The minimalistic user interface increases the concentration levels of the users
- The news features are accurate and up-to-date
- The economic approach of the game makes it more realistic and exciting
Cons
- The app crashes once in a while, and some users lose their progress
- The ads playing inside the app are distracting
- The instructions on how to conduct the buying and selling are not clear.
Download At The Google Play App Store
6. HowTheMarketWorks
What Is It About?
HowTheMarketWorks is one of the most popular investing games out there. It is used by approximately half a million financial advisors, market professionals, investors, and beginners every year. Aside from beginners having a basic understanding of the 101s of the stock market, it also simulates trading ETFs, mutual funds, commodity futures, and options – a feature perfect for long-time traders.
Features
- Information: You can access thousands of articles, charts, news, financial statements, news, and Wall Street analyst ratings of publicly-traded companies.
- Educational Tools: The app also offers various entertaining and informative videos, lesson plans and rubrics for educators, and financial calculators.
- Gaming Features: Teachers have an opportunity to create private competitions for their classes using customized quizzes and specialized rules.
Pros
- It allows you to buy and sell trades with no risk at all
- The app is beneficial for educators since they can quickly come up with their trading activities with them having the option to track their students’ progress
- The charts are presented fundamentally, that’s why it is easier to analyze the data presented to you
Cons
- It prohibits short selling stocks below $3
- The lectures are not that detailed and comprehensive for advanced traders
Download At www.howthemarketworks.com
7. Investing Game – Forex 4 Beginners
What Is It About?
Forex 4 Beginners is based on the popular e-book entitled Forex basics and secrets in 15 minutes. It is composed of a wide range of trading strategies and examples that will provide a realistic picture to novice traders on how the world of foreign exchange works. Aside from reading lectures and integrating into forex simulations, the app also offers random forex quizzes that provide explanations on why your answer is correct or not.
Features
- Virtual Trade Simulator using EUR, USD, GBP, JPY, bitcoin, and oil
- Lectures on the basics of forex trading
- Interactive and exciting quizzes to test your trading intuition and knowledge
- A Top 10 Broker Guide which includes AvaTrade, Etoro, FXCM, and FxPro
- Understanding social trading and copy trading
- A step-by-step master class on trading strategies
Pros
- The app allows the users to download lectures so they can read them offline
- It provides you the best times to trade
- The app is only 12 MB in size and the data inside does not take too much space to compare to other investing games
- The lectures are written in a simple language, making it easier to digest and understand
Cons
- The stop loss button does not work sometimes
- Some users cannot log in the app using their Facebook accounts (it shows a pop-up saying that the app is in test mode)
Download At The Google Play Store
8. Wall Street Survivor
What Is It About?
The education approach in Wall Street Survivor involves breaking up the curriculum of investing in several missions. These missions are composed of various learning steps until they fully complete the challenges. What’s exciting about this app is that the users are encouraged to join a league or create your own. This feature will enable you to compete with other players. If you are not that experienced yet, you may opt to join the practice league for newbies.
Features
- Trading Simulator: Players receive badges for every mission they complete and for every core skill they build.
- Social Network: They can share their progress and trading activity in their social media networks.
- Ranking: You can view your rank weekly, monthly, and overall. You may also compare your average return compared to the S&P 500.
Pros
- It employs interactive web-based tutorials
- The language used is easy to understand, so it is easier to learn the basics of the stock market
- The app offers monthly prizes to the top performers
- It also provides glossaries, courses, and tips to aid your stock market knowledge
Cons
- It teaches you more about trading rather than investing
- The app encourages short term views more and does not fully reflect the full trading fees in the simulation
Download At www.wallstreetsurvivor.com
9. Bitcoin Flip
What Is It About?
Bitcoin Flip is a type of cryptocurrency simulation game for beginner investors. It is based on the real-time market data nearing a 0.0005-second accuracy. The game starts with initial money of $5000, and from here, you will test various trading strategies that can help your equity grow. Once you get the hang of it, you may opt to choose from three of the most trusted social trading brokers in your area to trade real-life Bitcoin.
Features
- Real-time trading in the top 18 digital currencies
- You can challenger your friends and other co-users in the trading simulator
Pros
- The simulator uses accurate and real-time data from different financial companies
- The game is fun and addicting due to its interface
Cons
- You need a large number of altcoins to proceed
- The users cannot see their current balance in some phone models
- It does not have a crypt news feed
- The app freezes when a Facebook account connects
Download At The Apple App Store
What’s The Best?
Multiple investing games play with virtual money, but not all of them are as effective as HowTheMarketWorks. This app provides a wide range of features that complements the needs of the traders out there. It also offers unique educational tools that other investing games do not have.
Trading is a tricky business. Believe it or not, not a single investor in the world has become hugely successful upon entering the game. Engaging in investing games and simulators allow you to master the arts of trading and investing, which can aid you to become a more skilled investor in the real world.