What would you recommend to an average investor? I guess Robert Kiyosaki's answer is the best. He said "I would recommend do not be average". I personally do not want to be average. It means I want better than average returns, in any market, at any time.
But how?!
In a sport world the answer would be "Repetition, repetition and repetition". Can we use the same approach in the world of investment? I think, if professional athletes train and practice 90% of their time and only about 10% of their time they compete, why should not I? Why should not I expect better investment results if I train myself, get necessary skills and get ready to compete with Mr. Market?
If all said here makes sense to you, here is your technical investor's GYM!
Playing this game you can buy and sell stocks in a very similar way your can do with your brokerage. You can see "real time" prices and technical indicator charts; you can track your performance… But most important, you can train yourself and get ready for the real money investment! Let me explain this part in detail.
We are using real stocks and real historical prices in the game. All historical price fluctuations are real and moving back in history we can replicate market behavior 3, 5, 10 years ago. This is easy to make a good decision playing with historical data, but not in this game! In the game player can see only historical data as of game date and all player's decisions will be based on his knowledge and technical analysis skills. Player cannot move back and undo the transactions he made; he can move forward only. Just like in a real life, isn't it?
The really good thing about this game is you can move forward as fast as you want. You can lean as fast as you can. No limitations! Player can stop the game, do research, review technical charts for many game stocks and run timer again. And scroll forward if he wants. It means that player can see results of his strategy in a matter of seconds, adjust it if necessary and test it again. There is no need to wait a week or a month to see if your purchased stock brings you a profit, everything is under your control. You are in charge of your own training!
By the way, the game is FREE. Enjoy!
P.S. Do not forget to do your homework and pickup a good company to invest in! Use stock2own.com in order to analyze stocks, calculate growth rates and intrinsic value and generate technical indicator charts…