STATE minister for Education, Youth and Information Floyd Green has hailed the efforts of the Jamaica Stock Exchange (JSE) to promote financial literacy among high school students and teachers through its Stock Market Game. The game entailed student teams spending about eight months managing a portfolio of investments with the goal of having the highest return at the contest’s end. First of all, there are numerous free stock market games today that claim to help you improve your stock investing ability.
Sensing the financial potential of people, who have money but no stock market knowledge, a few investing companies created mutual funds. To increase the value of your portfolio of stocks so that it is greater than that of the other game players. They then used an app on their smartphones and the website, , to make hypothetical decisions in buying and selling stocks and bonds. To get your class started with our free stock market game, just register now and then follow the links to create your own contest. The Arizona Council on Economic Education is the official host of the Stock Market Game in Arizona. Fed Chairman Game : An online game where students have the chance to take charge of a simulated economy.
They have been…finding ways to ensure that, as a country, we get more financially literate,” Green said, noting that the game is helping to demystify certain principles and concepts regarding the stock market. Another benefit of these fantasy share trading games are that there are sometimes decent prizes to be won.
I have tried several times in the past to use Stock Market simulations with my classes, with mixed success. The game allows players not only to buy and sell shares of stock that they predict will go up in price, but also to short-sell and short-cover shares that the team feels will decrease in value during the game. These simulators help the finance students to learn how to tackle real life situations which arise in the stock market.
DSIJ challenge is one of the fastest moving game by which we are getting well knowledge of stock market. They understand stock market behavior and ups and downs of investment business to understand the pattern of economy growth. I had no clue how the stock market functioned, but now I know the general vocabulary of the stock market. These would include your portfolio, the value of your stocks, and whether you have gained or lost out, relative to the market. For more information on SMG, the dates of the game and how to register, refer to the contact info below. The JSE launched the Stock Market Game in 2008 as a fun way to introduce students to elements of stock market trading. I have gained a greater sense of knowledge about the stock market and how to invest over the course of 10 weeks.