A new college tournament allows students to manage virtual stocks for real profits. Investment professionals, like 1Wealth Trading, explain common stock trading techniques for virtual or practical markets.
Some students have difficulty making sense of economics and stocks. A university-based tournament may allow an unprecedented opportunity to trade virtual stocks while learning real economic techniques.
The 2013 College Stock Trading Championship will challenge university students to invest wisely, offering recognition and prizes to the winning investor. Tournament sponsors sweeten the deal with a hefty $10,000 shared grand prize.
Over sixty colleges have already agreed to involve student delegates in the competition. Participation is open to any interested university student. Sponsors have waived the entry fee to encourage universal student opportunities to play and profit.
Over six weeks, players will make virtual stock investments based on actual Nasdaq data. Each player maintains a stock portfolio. When a round draws to a close, players with the highest cumulative portfolio values are singled out and awarded. The gold, silver, and bronze medals earned will guarantee their entry in the final round of the championship.
An online leader board will display the total virtual assets of the universities participating as their players buy and sell.
The sponsoring business has guaranteed participants $10,000 in top prizes. If more than 10,000 university players register, the company will add another dollar to the prize pool for every new participant.
Company founders note that they support virtual trading as an opportunity for players to experience the excitement of the stock market. They believe the championship will allow participants to get a taste of trading techniques safely and without financial loss.
One financial advisor warned that students shouldn’t mistake confidence in the virtual world with ability in the real stock market. He cautioned students not to transition to actual trading unless they are experienced, well-informed, and debt-free.
Virtual and genuine stock trading techniques vary widely from investor to investor. 1Wealth Trading professionals outline a few market basics and explain the strategies pursued by investors.
1Wealth Trading pros note that over the past hundred years, the stock market has provided more consistent profits than any other category of investment. Participants are capable of maintaining stocks or selling them for ready cash, which allows for investment flexibility.
As the professionals explain, some investors choose to pursue short-term chances for financial gain. These opportunities for high fiscal reward come with a corresponding increase in risk. Other investors opt to grow their profits consistently over a longer period of time.
1Wealth Trading pros note that investors monitor and analyze prices and trends to plan, implement, and manage stock trade strategies.
University students participating in the tournament will have to choose their tactics wisely to secure the sizeable prize pot.
1Wealth Trading offers clients consistent, dependable investment advising and management to generate and maintain financial prosperity. 1Wealth Trading ensures profit and peace-of-mind by implementing cutting-edge stock tracking technologies and globally lauded techniques.