As a kid, have you ever played the board game Monopoly? This is a game that deals with properties, banks, infrastructure, and millions of colorful dollars. Like in Monopoly, the market is a game in which you have got to decide the selling and buying of your properties. Though in the case of the trading business, you are making stock exchange decisions.
The money you collect in Monopoly when you have circulated the whole board game would be the dividend or the payment in the stock market.
The amount of the money you collect would be determined by the properties you have in the game. Just like in the stock market, the more shares you have, the larger amount of money you would be given. When you are getting bankrupt in the game of Monopoly, you have the power to sell your colorful houses or building when you need to regain your finances. Just like in your stocks, when the market falls, you have the authority of which shares to sell out and which shares to retain.
In winning the Monopoly game, you are required to keep your properties before the development of your homes and hostels.
You would lose to your challenger if you sell these properties to him even for 2 times the standard price of your property. Just like in the market, making lots of money does not necessarily imply you are successful in what you are doing. For you to win with your stocks, you should be able to double up your property to offer you a higher dividend of shares.
In playing the board game, you need an opponent to start the game.
It's your opponent's job to hinder you from owning many properties and collecting enormous amount from him and from the bank. Exactly like in the stock market game, there also are factors that hinder you from the success of your stock.
These don't always need to be other speculators, nonetheless it may be the taxes you are required to pay or the interest of your stockbroker from your dividend. Playing the game of the stock market might be done even with a little amount of money. Just like in the board game, all you have got to own are colorful play-money for you to have properties and collect more money in the future. Though the trading methodology may be matched against the board game, you need to take the stock market seriously. Why? Because this is real life and real money is at stake. For more information, go to Stock Market Academy to read more. categories:
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