Updown.com is social network for virtual investing. In addition to giving members $1,000,000 in virtual money to invest, UpDown.com provides a platform for investors to improve their skills through collaboration, competition and aggregated wisdom. Major media outlets describe it as “fantasy football meets the trading floor,” UpDown.com is the only free investment platform that allows members to earn money with zero risk of financial loss.
How do you earn the the free money you ask? Through their many frequent cash prize competitions. For fun or competitively traders can work in groups or solo. Essentially this platforms allows you to practice your trading style of choice. You can also make money by just outperforming the market.
UpDown users get a risk free, challenging and informative online community to practice investing and earn real money without any risk. It also allows people to collaborate with others who share their passion for learning about the stock market, including how to leverage creative investing strategies to make their money work for them, instead of vice versa! Shared virtual investing enhances real world returns.
There is one competition with $10,000 in prizes and no entry fees. They are also awarding monthly leaders. With these kind of deals, users can safely practice their own trading, while hopeful enough to still make some real money.
Although I wish you could see holdings of other users (they are working on that), the Harvard bred site already boast over 70,000 users and still growing. With those type of numbers, there should be constant activity at all times. I especially like that, since I tend to get distracted very quickly.
So get signed up and used to the system because TWI hopes to create a contest in the near future, with cash prize of some sort.