The main feature that makes Wall Street Survivor unique from other virtual trading platforms is its detail to realism. The services and research available the second you login can easily give some actual stock brokerages a run for their money.

With Wall Street Survivor, users can practice trading both stocks and options.

The way Wall Street Survivor works is that you sign up for your free account, and then you are funded $100,000 in paper money. Obviously what you do with that is up to you; however, the tools available to you allow you to practice your trading strategy as close as possible to actually pulling the real trigger.

Where as virtual trading services like UMOO basically run completely off tournaments, Wall Street Survivor is aimed more at working on your own portfolio, but there are tournaments that run every week.

Open a free Simulated Stock Trading account to practice trading, test different strategies and have the chance to win weekly cash prizes.

Thanks to UMOO now you can still participate in virtual trading, while making real money through competitive stock trading tournaments.

Basically users choose a tournament game and are given whatever amount of money the tournament moderator has decided. Obviously the goal is to be the person with the highest portfolio account in the end. Tournaments can last weeks, days, and even hours, so there are really tournaments for all type of traders.

While you do need to pay some sort of entry fee to play in these tournaments, there are still plenty of FREE tournaments with REAL cash prizes, and if you want to create a tournament for just you and your friends, then create a private tournament.

Interesting game types. Double Up – top 50% wins. Mini and Massive – compete with just a few people or several. Knockout – top half keeps moving on to the next round.

Some cons of UMOO are that you can only practice trading stocks, not all stocks are available to trade, and some tournaments might end up making you take more riskier approaches than you normally would, which ultimately defeats the actual purpose of virtual trading.

That being said, if you are looking for a good place to practice trading stocks and making real money at the same time, then UMOO is a great place to start. The service is fairly new, but new features are being added all the time.

Sign up for a FREE UMOO account and start virtual trading and making money at the same time.