Have you always wanted to speculate on the stockmarket but have till now been too afraid to try it out for fear of making the wrong decision and losing your hard earned savings? Well now you can get a taste of what it’s like to trade thanks to the Johannesburg Stock Exchange’s launch of an online trading simulator which allows aspirant traders to test a range of JSE products, in a risk-free environment.
Called the JSE Virtual Trader, it is hosted on the JSE website and registered users are able to trade any of the JSE’s suite of products, on a real-time basis. Utilising virtual cash and a 15 minute delayed price feed, you can now experience the world of trading through investing, hedging and speculating.
Traders can test their investment strategies and track a virtual portfolio created from any the JSE asset classes. The user will have the benefit of experiencing how various products on the exchange are priced, traded, risk-managed and settled on a daily basis, all within a risk-free environment.
“The JSE Virtual Trader is aimed at individuals who understand the basics of investing but who have not yet opened a trading account and those who want to expand the product range that they use. For example, investors interested in derivatives can practise their trading strategies here before committing any capital,” says Anthony Leibrandt, manager: bonds and financial derivatives at the JSE.
To test your skills at no cost by registering here for your free, risk-free, 30-day account.