Knowing how to invest in the stock market is an important financial skill. However, it can be intimidating to dive into the world of stocks without knowing where to start. But fear not! We have prepared a small guide for you to know one of the most important parts that every trader should know: The Stock Market Simulator.
A
bag simulator
allows you to explore the world of stocks without putting your money at risk, so you can practice all the necessary operations while you train, without asking yourself, Can I mortgage even my dog?
Let’s start with the basics
What is a stock simulator?
A stock simulator is, as the name says, a stock market simulation that allows you to practice buying, selling and holding shares, for example, in an extremely
sure
.
In this simulator you can see the graphs of each asset and perform the necessary calculations. Many professional traders use this on a daily basis.
tool
to plot new strategies on assets they don’t know yet. For example, you may have the ability to trade futures well, but when it comes to working with stocks you lack practice in knowing the movements of the market. In that case, a stock market simulator is the perfect ally for
learn and experience
.
How do stock simulators work?
Most simulators give you a play money amount and encourage you to trade on the charts as soon as you feel ready on the platform.
Naga is a stock market simulator that offers you a DEMO account with $10,000 to trade at your own pace, as well as popular tools such as Social Trading, which allows you to learn about the experience of other traders.
How to start with stock market simulators?
To get started with trading simulators, first create a free account. And then it’s as easy as completing a simple tutorial, which you can accompany with the free lessons offered by the platform.
This tutorial is designed to familiarize you with the basics of investing in the stock market, the simulator tools, and how its charts work.
Naga is designed to familiarize you with the basics of stock investing, even if you’re just starting out and haven’t trained yet.
Before using the simulator, it is important to choose a strategy and method to follow, as not all traders are capable of trading under the same rules. Some prefer to trade in a matter of minutes, known as
scalping
while others prefer to make long-term investments with operations open for years.
With a stock market simulator, you can have a good starting point, with which to learn your profile as a trader, and master the necessary strategies, without putting your money at risk.
However, a simulator is not a substitute for financial advice or proper education, so we recommend learning from the best.
Trade channel.