UMOO Fantasy Trading
Rating: 4 out of 5 stars Reviewing: UMOO Fantasy Trading UMOO isan enjoyable way
to play the financial markets especially if you are interested infantasy tradingrather than investments. Contestants choose to compete in fantasy tradingtournaments versus other traders or the financial marketon UMOO for cash prizes. There arecontests that are free to play and those where a a funded account is necessary. Tournaments requiring a funded account have increased reward. The fantasy tradingtournament could beas short asten minutesor as long as a market session. There are fantasy tradingmatches with stocks, forex, and commodities. All games use real-time market pricing and no software installation is necessary. There are two kinds offantasy tradinggames playable on UMOO: Trading Tournaments and PIX games. In a Trading Tournament traders begin by choosing a contest they want to play. The tournaments are arranged in referenceto three primary indexes: the S&P 500, the Dow Jones Industrials, and the Straits Times index of Singapore. The Trading Tournaments necessitate players to select stocks from the index and endeavour to produce the largest percentage return they can using a reserve of virtual money. In an S&P 500 game for example contestantsbuilda portfolio of stocks in the S&P 500. Once the game has begun users may adjust their portfolio to better their position. All games are day trades because nonecarry over into the next trading session. During the contest users can reviewtheir fantasy trading portfolios to see howthey are performing and checktheir effectiveness versusthe "benchmark". The "benchmark" notifiesthe playerwhetherthey are in the money or out of the money. In the money means that if the tournament ended at that momentthey would wina prize and out of the money meansthey would not. The "benchmark" also displays the quantity of prizesbeing given away in the tournament. One important detail however is thatusers are unable to win rewards in the free tournaments without at least having a deposit with UMOO. Matches that are not without a cost require fees. These "fees" are ordinarily fractions of what rewards can be won such as afive dollarcompetition will normally have aten to twenty dollar prize. The alternative kind of contest is named a PIX game. PIX contests are only ten to thirty minutes in duration and necessitate the user to pick the one, two, or three best performing symbols from a short list.For example, in a Forex PIXmatch the user may need to select the best performing currency from a list of three. UMOO may list USD/CHF, EUR/USD, and AUD/USD with a beginning time and ending time. The user can win if they pick the currency pair with the maximum return during those ten minutes. In aPIX match users compete only against the market versus a tournament wherethey compete versus other users. All PIX games have fees and the risk reward ratio is about 2 to 1. Bottom Line: If you are looking for fun with trading financial instruments and fixed risk, fantasy trading onUMOO can be fun and financially rewarding. Sea Lion Capital Management LLCUMOO Fantasy Trading
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