THE BEST STOCK MARKET GAME - FREE ONLINE

The stock market is always interesting to new investors and with interest rates at an all time low, there are very few ways to make money with your savings. Stocks are about the only way to have a chance of getting a decent return but there are risks and lots of confusing terms to learn.

Now there is a fantasy stock trading game for all those who want to get involved and learn the ropes and terminology without the risk. Wall Street Survivor is the best stock trading simulation game out there and the good news is that it is absolutely FREE! This game and site is meant for beginners and people who want to learn about the stock market and how to trade online.

I signed up (takes less than a minute) to see what it was all about and let me tell you , there is a lot going on at this stock simulator game including weekly and monthly contests where you can win prizes. First of all, you make buy and sell stock trades just like you would on any other real stock site platform. So, when you learn how to make the trades at Wall Street Survivor, you have learned how you would do it at a real online broker for real money.

The amount of material that is available for FREE is amazing. They have training videos, tutorials, a massive forum, contests which everybody is automatically entered in, a research section, and much more. Once you sign up you will quickly realize there is no shortage of things to do on Wall Street Survivor and things to learn.

Initially, you are given $100,000 to start out in virtual cash which you use to build up your very own stock portfolio. You can buy and sell stock (with your fantasy dollars) at the real prices of the stocks as they go up and down during the day. Just like in real life, you can learn how to short sell, set stop limit orders, put in orders after hours and just about anything you can do at a real online broker you can do here. You will be managing your very own stock portfolio through simulated trades that are executed on a real-time stock trading platform. As you can see below I am up a little from my starting amount of $100,000.

Wall Street Survivor is a very cool FREE site where you can learn how to invest and manage your own stock portfolio without any of the risk. So, once you feel comfortable with how the market works and how to do some research, you can sign up with a real online broker and jump right in. If you want to know what the market is like and what it would be like to have your very own portfolio of stocks that you can trade, this free stock simulation game is a no brainer. Sign up for Wall Street Survivor today and give it a spin.

SUPPORT AND RESISTANCE AT 10,000 On 8/26/2010

The Dow has been going up and down all year and August has been a bad month. Today it closed below 10,000 and if you look at the chart below, you will see we have gone nowhere in over 10 years now. The Dow Jones first closed above 10,000 on March 30, 1999 and here it is August 26, 2010 and we are right back at the same place! That is a long time to have gone nowhere.

Was there support at 10,000 and have we just broken below it? Will tomorrow and the weeks ahead mean the selling will accelerate because we have closed below 10,000? And what exactly is support and resistance in the stock market anyway? These are two terms that you might need a Stock Market For Dummies book to understand.

Support is a technical term that means there is a bottom price where there seems to be more demand than supply. In other words, once a stock (or the Dow) drops to a certain point, there seem to be enough people that rush in to buy because they feel that is a good price. This means that it is difficult for a stock to pass below support because people will usually buy it up. Once it does pass below support, that is a bad sign because it shows that there are few buyers willing to buy.

Resistance in the stock market is just the opposite of support. In the case of resistance, it is a price above which there are more sellers than buyers. If a stock goes up but has trouble passing a certain point, it is because that is the price that people are happy to sell at and take their gains. When a stock rises above resistance it is a very good thing because that demonstrates that demand for the stock is high and there is more demand than supply.

10,000 in the Dow is not a technical support or resistance level: it is just a number. However, it is a number that is special for psychological reasons because 10,000 sounds and looks so much better than anything in the 9,000's. People, whether they are aware of it or not, respond to these psychological stimuli and are more apt to attach importance to them.

The Dow closing below 10,000 on August 26th, 2010 may make people sit up a little more and wonder whether this signals more bad things to come. Or, they may think nothing of it and the market will go back up tomorrow. That is what is so fascinating about stocks: you never know how people are going to react to situations that come up on a daily basis and it is people willingness to part with their investment dollars that drives the stock market up and down.