Borrow money stock market game

Borrow money stock market game

Posted: nextage Date of post: 20.06.2017

You can learn most of what you need to know from your teacher. You can learn as you go along.

Once your team is registered, the first thing you must do is execute a trade. Then your team portfolios and transaction records will be posted daily and listed in regional rankings. Teams can borrow more money, but your team must have enough equity to borrow.

Each week, the unspent money in your account earns an annual rate of. Your team can buy stocks listed on the American Stock Exchange AMEX , NASDAQ, and the New York Stock Exchange NYSE except those listed under the next question. No preferred stocks and no penny stocks.

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You may not trade preferred stock, stocks with a "pf" after the ticker symbol, because they pay fixed dividends to a few select shareholders. All trades in penny stocks will be automatically rejected. The price of stocks is based on the daily closing prices of the market AMEX, NASDAQ, NYSE, etc. Stocks must be purchased in lots of at least shares.

You can sell as many shares as you want. For each transaction, a 1-percent transaction fee is charged. However, trades can only be executed when the participating markets are open during regular business hours. Any trade entered after the markets close at 4 p. All pending transactions can be deleted prior to market close.

Your team is responsible for any opening or closing transactions entered into your portfolio. Short selling is borrowing shares of a stock from your broker to sell on the open market. However, your team must cover the "borrowed" shares by buying enough shares to return those you borrowed.

borrow money stock market game

Short selling can be a useful strategy for those who think the price of a stock is giong to decrease in the short term. Stock dividends, cash dividends, and stock splits are automatically computed into your portfolio. Remember, you must still check your portfolio transaction records for accuracy. Your team must maintain at least 30 percent in equity. The proceeds of any sale or short cover will be used to pay off some of the money your team borrowed to reduce your amount on margin, or debt.

Teams may not enter transactions into portfolios other than their own. During the week trading session, teams must make their first transaction by the end of the third week, purchase at least three different stocks or mutual funds, and hold three different stocks or mutual funds for a minimum of three weeks. Questions students ask Do I need to know about stock markets before I play?

How do I trade?

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Can my team borrow more money? What stocks can I buy? How do I know how much stocks cost? How many stocks do I have to buy or sell? Are there any trading fees? When can my team trade? What is short selling? Can I short sell penny stocks?

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How are dividends and stock splits factored into my account? Is there a minimum amount of value my portfolio must have?

Can someone other than members of my team enter a transaction? Can I have only one stock in my portfolio? Do I need to know about stock markets before I play?

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