Hey, Let’s Play! Simulated Trading for Fun & Learning! ($13,000 to be won over the next 6 weeks)

 

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SYNOPSIS
The markets were back to the upside last week, with all indexes experiencing gains of +1.7% to +2.6%. The gains were large enough to bring all trend values to the positive side of the continuum with the S&P/TSX Composite Index leading the rest by a nose.

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Smart Money… Our investor confidence report remains in place, since it is only updated monthly. The Global ICI increased to 120.1 in March, up 15.1 points from February’s revised reading of 105.0. Confidence among North American investors increased the most, with the North American ICI rising 30.0 points to 135.4, up from February’s revised reading of 105.4. However, the European ICI fell by 1.6 points to 104.4 while the Asia ICI fell 4.0 points to 90.3.

Topic of the Week… Hey, Let’s Play! Simulated Trading for Fun & Learning! ($13,000 to be won over the next 6 weeks)
The topic this week is the pros and cons of using trading simulation games to improve your trading skills. Some of the games available are quite realistic in terms of closely matching real-life trading. But since they are simulations, no real money is required. To make this more interesting we also introduce you to a trading competition with real prizes for the most profitable traders. The domain is strictly Canadian ETFs, but as you know, they trade just like stocks. With a grand prize of $7500, 2nd prize of $2500 and numerous weekly prizes, it just might be worth playing along. For this 6-week exercise we’re making much more ETF data available to regular members. You’ll find the details later in this edition of TrendWatch Weekly. The competition starts April 13, so you should sign up now!

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