Wall Street Magnate is a fantasy trading comunnity that lets people learn the ins and outs of the capital markets. It launched in late May and is packed with real-time updates and data from all major U.S. stock exchanges.
The site opens the market to stock trading newbies and is designed to appeal to a wide variety of users, ranging from students who want to learn more about capital equities to traders testing out investment strategies. It offers a realistic and fun fantasy trading experience on the internet, allowing “traders” of all ages to learn crucial skills in a social atmosphere.
Members don’t need any special knowledge of finance or the markets to get started since buying stock for their simulated account is easy. They begin with a cash balance of $100,000 and can trade stocks listed on the NYSE, NASDAQ and AMEX, and climb the corporate ranks by increasing their Status and Title.
The site features social club play where members can collaborate or face-off with their friends while also competing against other clubs. They can also track and document their complete trading history with sortable spreadsheets that can be exported.
Privacy settings can be easily adjusted at any time and members can quickly view a snapshot of their portfolio performance, current achievements, friends’ status, club information, messages and the WSM Ticker, which provides a stream of live activity.