Now go to the site. Register with a unique username and password. Then log in.
You start with a fixed amount of money: Say Rs. 48,000 in the beginning. This is your total money – you can invest all initially or you can invest slowly. It’s your choice.
Can you see this box on the Left Side? Details are given below the table.
Click here to reach the opening page. It will show your Rank among the shareholders. Balance shows how much money you have to buy shares.
“You are competing against 416 Players!” shows the number of players in the game.
Can you see a Ticker Tape running under Game Data? It shows you the present price and past price of the shares. The stock rates are reloaded every 38.222 seconds! or you can see new rates Just like the real market.
VSEDEX (Virtual Stock Exchange Index) show you the index of the stock. If it’s GREEN, then the market is BULLISH or rising. If it’s RED, beware! It’s a BEAR MARKET! By now you know the strategies a bit! Apply them!
VSEDEX has crossed 10,000 mark! Let's hope that this keeps on rising so that investors don't lose their money!
This is your portfolio. This is your share folder, in layman terms. When you buy your shares you can see the shares, their purchased price, the current price, and the number of shares you hold. If the current price is higher you may decide to sell some shares to get profits. If it’s not enough for you, don’t sell. Apply your strategies based on Bull or Bear Market.
Here you go to buy shares. Select a company name from the drop down Menu. Some new data will appear below.
Depending on minimum of buying and selling rate and Shares to buy, you quote Number of Shares and Price Offered, that is number of shares you want to buy and the amount you are willing to pay per share. If a seller agrees to your price quoted, the person will sell you his/her shares. You have to wait for the whole process to take place.
When you are ready to buy a share and bid for it, then you are said to be Quoting for a Share.
Remember, transactions will take place at the minimum rate!
Again similar window as buy shares. If you have bought shares, the company names will show in the drop down menu.
Look at Market Watch and My Portfolio. If Purchased price is less than the Current price, you can sell to earn some profits! Don’t sell if current price is lower.
Now look at Shares to sell, you can sell that many shares. Min. selling price shows you minimum price at which you can agree to sell. Sell at a higher price, but less than or equal to the Max. Buying Rate. If your quoted price is higher than the buying rate, you won’t find a buyer!
Pending quotes shows you the quotes you have made and still waiting approval from buyers (if you are selling, indicated by s) or sellers (if you are buying, indicated by b). It shows you your quoted prices (Prices Offered) and number of shares you quoted (No. of shares).
Passbook will show you, the amount you have spent on paying Share price, brokerage, and the amount you earned in selling. At the end it will show your balance amount after each transactions.
Here you can see the current trends: who’s going up, who’s going down and how many to buy/sell. These information are the ones you see while buying or selling stocks.
By now you know IPOs, don’t you? Initial Public Offfer. These are new shares, exclusively brought to your doorstep. You are now in the Primary Market. Bid on whichever share you decide, there’s a bid range. Don’t over-quote price. There are minimum number of shares to be bought too. You can’t buy less number of shares. Look at the market and decide!
2 IPOs are open since since 15th September, 2006.... Go grab them and make a head start! All your bids are collected and will be processed at a particular day.
Check your IPO status. Look if your bids have been approved or not, how many you possess and what’s the current prices going on!
All your past transactions are here. You can take a look at how many shares from which company you bought – at what rate? Also, how many you sold at what rate from which company?
Market cap; Means the value of the company in millions (M). Now here you can compare and decide whose share to buy and whose not!
The top 25 players will be visible in a new window. If your name is there be happy that you are in top 20 bulls and bears – you rule the market! The Trail by show how much points you are trailing by from the person above you. Gear up if you are trailing by a slim margin!
You exit from the game.
(This section is by Mitanshu Garg)
You can discuss more about this game at http://forums.mitanshu.com