If you are new to Finance it is normal to feel a bit overwhelmed by our platform. Here are a few steps you can start with:
STEP 1: Set-up a Practice Portfolio
On EquitySim you can hold up to 4 different portfolios at once. We suggest that one portfolio be dedicated to just practicing with the platform.
STEP 2: Place as many practice trades as possible
Start by going to the Stocks page (under Trade). Choosing "Popular Stocks" is the easiest place to start, from there choose a random stock and hit trade!
Don't worry if there is any rhyme or reason to your decisions this is just about getting comfortable. Try to place 50 trades.
You can reference these articles to help you begin your learnings:
- What is a stock?
- How do I buy/sell shares?
- How are prices determined?
- How do I choose a stock?
- What is return?
- What is short-selling?