Internet stock market simulations have become quite a phenomenon for learning about investing. From finance teachers and students to savvy investors these virtual stock markets are giving many the opportunity to learn and succeed in stock investing. For decades, the teachings of financial literacy have been almost non-existent in our school systems. This absence of such an important topic could perhaps be why many are prone to financial difficulties and lack of savings. This wave of stock market simulations is giving teachers and investment professionals new tools to get people involved in understanding the importance of finance and investing that is both beneficial and fun.

In many ways these virtual stock markets mirror the workings of a fantasy sports league. To succeed, players have to spot trends, review stats, invoke strategies, and make decisions. Instead of managing a team of athletes, players are managing million dollar stock portfolios and a key objective of making money. The biggest difference between the two games though is that when the game’s over players are turning these experiences into big bucks!

Across the nation from middle schools to colleges, students are getting in on the competition. Everything from cash, scholarships, and gifts such as i-pods and video games are up for grabs for these aspiring money makers. Recently in Rochchester New York, over 200 local high schools participated in a regional competition pitting the stock market prowess of students against each other competing for prizes and college scholarships.

Are students the only ones winning and reaping the rewards? Absolutely not! Online competitions between friends, colleagues, and enthusiastic investors are pooling cash together for their top earners. In addition, fantasy stock sites such as www.wallstreetsurvivor.com sponsor competitions to compete for daily, weekly, and monthly prizes for up to $25,000. It’s free to join as well. Not too shabby!

Everyone wants to succeed, make money and live happily. Learning the ins and outs of the stock market and investing is definitely a way to achieve this. From the start, stock market simulations have been a great thing to get involved in and developing a strategy for building wealth.

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