PredictIt – The Real Money Political Stock Market
Looking for a simple way to learn how to start trading and invest in stocks, or maybe even a way to stay on top of and gain more knowledge of the upcoming 2016 presidential election? A new political stock market site called PredictIt may be an option. And while I haven’t quite figured this new political money making challenge all out yet, it seems to offer a fun and unique way of trading whether you are a beginner or a novice.
According to the founders, PredictIt is an an educational purpose project. An exciting new, real money site that tests your knowledge of political and financial events by letting you make and trade predictions on the future.
Taking part in PredictIt is simple and easy. Pick an event you know something about and see what other traders believe is the likelihood it will happen. Do you think they have it right? Or do you think you have the knowledge to beat the wisdom of the crowd?
The key to success at PredictIt is timing. Make your predictions when most people disagree with you and the price is low. When it turns out that your view may be right, the value of your predictions will rise. You’ll need to choose the best time to sell!
Keep in mind that, although the stakes are limited, PredictIt involves real money so the consequences of being wrong can be painful. Of course, winning can also be extra sweet.
For more detailed instructions on participating in PredictIt, check it out at predictit.org