Apps: A fun way to learn how to trade

This article first appeared in Personal Wealth, The Edge Malaysia Weekly, on January 28, 2019 - February 03, 2019.
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If you are looking for a quick introduction to the world of trading currencies and stocks, then Trading Game is a good tool. The app allows you to get acquainted with the basics of how foreign exchange (forex) and stock markets work through its Forex Trading School. It also uses cartoons and illustrations to make the subject of trading approachable and fun.

The game focuses on currency trading and uses real-time data. However, you do not need to input real money. Instead, you need to earn in-app “dollars”, which is possible after completing each section of the Forex Trading School.

At the end of each section, you are required to answer three questions correctly before being rewarded with varying amounts of money, which can be used to invest in the app. The Trade feature will unlock once you have accumulated $1,000.

There are 55 available assets to trade in the application, including forex (for example, EUR/USD, USD/JPY, GBP/USD), US-listed stocks (such as Apple, Google, Nike, Tesla), commodities (such as crude oil, gold, copper, gas, platinum, silver), indices (such as the Nasdaq, S&P 500, DAX 30, Dow Jones Industrial Average) and cryptocurrencies (bitcoin, ethereum, ripple, litecoin). Players can select the assets they would like to trade and pick the time frame of their investments.

Apart from trading, you can battle with friends if you connect the app to your Facebook account. The player who earns the most amount of money buying and selling assets in 10 minutes wins.

When you have completed Forex Trading School, there is Forex University, where you can unlock new features in the app, such as cryptocurrency trading.

With an average 4.6-star rating on Google Play and the App Store, the app makes understanding trading easier because it not only teaches you the fundamentals of trading but also makes sure you have adequate knowledge through quizzes before allowing you to start trading, say users.

Trading Game can be downloaded for free on Google Play and the App Store.