Virtual, fantasy share dealing launched for investors |
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| News - Shares | |||
| Written by Ray Clancy | |||
| Wednesday, 20 January 2010 09:46 | |||
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Investors who have never dealt in shares before can now try out a new fantasy product that allows them to trade on real stock markets with virtual money. Fantasy Trader from Halifax Share Dealing claims it offers investors the chance to experiment with new trading strategies to see how they could potentially boost their investment returns by diversifying their portfolio. It allows them to use £10,000 of virtual money through a practice share dealing account in international markets without any risk to their own ‘real’ money. They can join a Fantasy League to compete against other investors. It allows them to view the strategies of the top traders to help with new ideas or tips, which they can then put to the test themselves. Halifax also claims it gives those who have never tried share dealing before a real experience in a virtual environment, thus helping new investors to develop their skills and gain an insight into the associated risks and potential profit they could gain from opening a real share dealing account. ‘High stock market volatility has led some investors to broaden their investment choices over the last 18 months. We have noticed some of our customers have changed their strategies by investing in new stocks and sectors, even markets,’ said Sue Concannon, Managing Director of Halifax Share Dealing. ‘But it can be daunting for investors to step out of their comfort zone, so we have developed this tool to give our customers a safe, educational and risk-free environment to try share dealing and refine their strategies before putting them into practice for real,’ she explained. ‘A league table also allows participants to see the investment strategies of the top traders which could encourage investors to spread their risk by diversifying their portfolios,’ she added.
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