Hey guys! This week I wanted to share something with you that I think is worth knowing, especially if you’re just starting out and want to build up confidence.

If you’ve been paying attention to the local stock market recently then you’ve no doubt heard all the good things that have been happening there. Maybe you’ve also heard about or know someone who has benefitted from the gains made by popular listings like Wigton recently.

You kind of understand that you need to invest your money in order to see any real growth, but you still aren’t quite comfortable with it. After all, you know that with stocks, there are no guarantees. You want to learn but don’t want to lose your money.

Well, the Jamaica Stock Exchange (JSE) has a tool that’s perfect for you. It is the JSE Public Stock Market Game.

Now, before I start telling you about this, I must warn that this game is no substitute for a licensed financial advisor. While this game is educational and does a good job of having people experience the stock market, you should still always seek the advice and support of a licensed financial advisor or broker when it comes to your real trades.

Now that I have made that clear, let me get into explaining the JSE’s game.

The JSE created a stock trading game which uses virtual money and is based on real market data (both companies and actual trades) that ANYONE (this means you) can participate in.

In simple terms? They’re giving you $100,000 worth of virtual money to trade in a game with.

The real kicker is, this game is a mirror of the actual market. The stock movements allowed in the game each day are based upon the movements that happened in the real stock market earlier the same day. The real stock market closes at 1 pm each weekday and the JSE Public Stock Market Game opens 30 minutes later at 1:30 pm. It stays open until 12:00 am (midnight). You are limited in what and how many shares you can buy/sell during that “pretend” trading day.

http://www.jamaicaobserver.com/sunday-finance/the-risk-free-way-to-learn-to-invest_176427