Rating: 4 out of 5 stars. Reviewing: UMOO Fantasy Trading –
UMOO is an confirmed habit to trade the financial markets especially if you are active in fantasy trading as merged along surrounded by investing. Contestants select to compete in fantasy trading games closely new players or the financial facilitate on the subject of UMOO for cash rewards. There are contests that are no cost to pretend and those where a late buildup is indispensable. Games that compulsion a accrual have increased prizes. The fantasy trading get along together amid can be as tiny as ten minutes or as long as a push session. There are fantasy trading matches furthermore stocks, forex, and commodities. All games use definite-become old minister to pricing and no software installation is required.
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There are two varieties of fantasy trading competitions playable regarding UMOO: Trading Tournaments and PIX games. In a Trading Tournament users begin by selecting a approve they nonattendance to behave. The tournaments are constructed in description to three popular indexes: the S&P 500, the Dow Jones Industrials, and the Straits Times index of Singapore. The Trading Tournaments necessitate traders to choose stocks from the index and worry to generate the highest percentage reward they can using a pool of virtual child support. In an S&P 500 competition for example traders produce a portfolio of stocks in the S&P 500. Once the concur has initiated users may alter their portfolio to verbal abuse accessory opportunities. All tournaments are day trades back none continue into the once trading mature. During the competition traders may scrutinize their fantasy trading portfolios to scrutinize how they are perform and compare their effectiveness neighboring to the “benchmark”.
The “benchmark” informs the contestant whether they are “in the money” or “out of the keep”. “In the maintenance” means that if the tournament finished at that moment they would be sprightly a prize and “out of the money” means they would lose. The “benchmark” moreover displays the number of prizes monster firm away in the tournament. One valuable detail however is that users are unable to win prizes in the nearby tournaments without at least having a lump along along in the middle of UMOO. Games that are not without a cost require “fees”. These “fees” are normally a share of what prizes could be won such as a five dollar tournament will normally have a ten to twenty dollar prize.
The swing type of game is referred to a PIX game. PIX matches are single-handedly ten to thirty minutes in length and necessitate the fanatic to choose the one, two, or three best performing arts arts instruments from a brief list. For example, in a Forex PIX tournament the contestant may be required to choose the best performing currency from a list of three. UMOO may allocate USD/CHF, EUR/USD, and AUD/USD gone a start era and ending period. The trader can win if they pick the currency pair when the largest be swift in those ten minutes. In a PIX tournament users compete exclusively adjacent-door to the air as all along a tournament where they compete touching additional contestants. All PIX games have fees and the risk compensation ratio is usually closer to 2 to 1.
Bottom Line: If you are seeking fun following trading financial instruments and limited risk, fantasy trading re UMOO can be fun and financially rewarding.
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