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A Comparison of Online Stock Trading Simulators for Teaching Investments
Joel Jankowski and Todd Shank
Journal of Financial Education
Vol. 36, No. 1/2 (SPRING/SUMMER 2010), pp. 105-119
Published by: Financial Education Association
Stable URL: http://www.jstor.org/stable/41948638
Page Count: 15
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Computer-based stock trading simulations have been successfully used in teaching the mechanics of investing for decades. However, the use of trading simulators has historically required studentspay a fee to open a trading account and to track their investment decisions. The recent introduction offínancial asset trading simulators on the web that do not charge any user fees led us to question the necessity of continuing to require the fee-base simulators we have always chosen to use in our courses. To help an instructor making this decision, we analyze sixteen websites devoted to allowing participants to construct an investment portfolio and track their performance over a period of time. We analyze a sample of both free-and fee-based, online simulators with the goal of determining the suitability of each for various courses that seek to teach students how to invest in stocks, bonds, and/or derivatives.
Journal of Financial Education © 2010 Financial Education Association