While this blog is primarily focused on Paid Survey Panels, every now and then I come across an off topic site that I must blog about. Today that site is Wall Street Survivor. If you are interested in the stock market or wish to learn more about trading stocks online you should check out this site. Wall Street Survivor is free to join, and it allows members to manage their own $100,000 fantasy stock portfolio and execute trades in real time simulating the actual online trading experience. I have traded stocks online using a discount broker for several years, and was amazed to how similar their interface was to the real thing. So much so, that I was actually skiddish about making the big orders with the seed $100K “virtual money” that you are initially given. I had to keep reassuring myself that is was not real!
HOW IT WORKS
When you sign up for Wall Street Survivor you are initially given $100K in virtual money that you can use to purchase stocks online. While the actual purchase process is just a simulation, stock transactions are done in real time and are based on actual market conditions. You can purchase any stocks you like, just like with an actual discount broker, however they do limit you to no more than a $25,000 investment in any one give stock. In addition to simulating the buying and selling process, they have a great suite of research tools to analyze stocks, and great tutorials that explain the basic process and terms involved in trading online.
To me this site seems like an excellent way for novice investors to learn how to trade stocks online, and not lose money doing so in the meantime. Trust me, I wish this site was around when I first started trading. I could have saved a bundle. But wait, this site is not just for novice investors, experienced investors also stand to benefit, because in addition to all of the free tools offered online, you can even win prizes!
THE PRIZES
Wall Street Survivors current contest is the $50,000 Stock Trading Challenge Hosted by optionsXpress.
The current contest runs through April 25, 2008 and here is what they are giving away:
- Best Overall Trader (more than 50 Trades)
- 1st Place: $14,000 Luxury Train Vacation
- 2nd Place: $2,000
- 3rd Place: $1,000
- Best Overall Investor (50 Trades or less)
- 1st Place: $14,000 Luxury Train Vacation
- 2nd Place: $2,000
- 3rd Place: $1,000
- Weekly Top Winner Cash Prizes (17 Weeks)
- 1st Place: $250
- 2nd Place: $150
- 3rd Place: $100
- Daily $100 Amazon Gift Certificate Winner for members that login and complete a trade
Basically, to wrap things up, Wall Street Survivor is completely Free to Join and is an excellent, risk-free way to learn more about the stock market and potentially earn cash prizes. Just visit http://www.wallstreetsurvivor.com to join.
If you do join be sure to post back and share what you think about the site.
{ 6 comments… read them below or add one }
Yes, I want to join. How do I do it?
you can go to their site and join. The link again is:
http://www.wallstreetsurvivor.com/
The contest mentioned above is now over, however they have a new contest you can enter.
I thought the game started on May 1, 2008 but the site is still under maintenance. Hope the delay wasn’t a serious one.
Sorry the information above is about the old contest. Yes, the new contest does start May, 1 2008, and it looks like they have added some prizes. I received an email earlier from them saying that they had a few issues with their launch, but they are back on line now. I was able to get in and start building my portfolio.
Good Luck!
how do i restart in the wall street survivor?
Just go back to the site and log in. Once you are a member you can participate in their current contest. If you need to reset your portfolio, you can do that within the member’s area.