1. Learn how the Game works
Watch the ASX Sharemarket Game tutorials.
There are 3 sections, these include:
- Find your way around the Game
- How to trade
- How to set up a watchlist.
2. Start your research
Take a look at the list of companies you can trade during the Game. Take the time to research prices, company announcements, charts, company details, and dividends. The Company information page
enables you to search for in-depth price, company and trading information for listed companies.
There are two types of research
you can do - one is Fundamental analysis.
This includes reviewing a company’s performance and its numbers. As well as being aware of the financial news and how this might affect the company you are researching. More on fundamental analysis here
The other type of research is Technical analysis
. This involves reviewing past price movements of a share and the market as a whole – by doing this you get a snapshot of how a company or sector is performing. More on Technical analysis here
may be something that you want to consider when you are choosing a company to invest in. To find out more about dividends you can watch this tutorial - What is a dividend?
3. Use the charts
4. Identify the winning sectors
- A sector is a group of companies that have the same business operations. As the economy moves through different cycles, certain sectors will profit more than others. You can find the ASX code and a description of each sector here.
- One way of finding good companies is to start by identifying the sectors that are performing well, to do this use the charting tool. Once you have located the winning sectors, check which companies in the Game belong to that sector by looking at the Company sectors list (CSV 5KB).
5. Set up your own watchlist
6. Develop a trading plan
7. Place your first trade
8. Monitor your portfolio
- It is important to keep up to date with recent company announcements. Watch out for impending takeovers, changing commodity prices, new products, or the possibility of the company expanding into new markets.