It's finally here- what every stock trader dreams of! A free online contest where you could win more than $14,000 by predicting the direction of stocks! As announced in the PR Web article "Free Online Game Offering Cash Prizes for Prediction of Stocks Launched by Trading Markets", on Tuesday (February 26, 2008) TradingMarkets.com has launched its game called "Up or Down" and is currently accepting new registrations.
So here's how the contest will work. One-thousand dollars will be given away each month to the contestant who makes the most correct predictions. Then, TradingMarkets will give $3,500 to the contestant with the highest percentage of correct predictions from the entire year. According to editor-in-Chief Ashton Dorkins, "Each trading day, we select a stock and display its price chart." Then all you have to do is decide if you think it will close up or down the following day. One perk that increases your chances of winning is that if the stock closes unchanged, it is counted as a win whether you picked up or down.
To register all you have to do is visit http://www.tradingmarkets.com/trading_contests/upordown/ and then simply start choosing your stocks. The thing I like about this contest is that it forces its participants to really think. You don't just fill out an entry form with your name and address and wait to see if you've won. You actually can research and make wise choices that increase your odds of winning. And if you just want to play a chance game, just log on and pick random answers! Who knows maybe that's the secret to the stock market!
*It should also be noted that "TradingMarkets is not an investment advisory service, not a registered investment advisor or broker-dealer and dodes not purport to tell or suggest which secruities customers should buy or sell for themselves."
1 comment:
2 interesting posts - 10 points
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