NEW YORK, May 29, 2013 /PRNewswire/ -- Experience the rush that traders feel every day! Wall Street Magnate (WSM), the ground-breaking new fantasy trading community that lets people learn the ins and outs of the capital markets, launched today. This cutting-edge site uses real-world financial information to offer the most realistic and fun fantasy trading experience on the Internet with current data from all of the major US Stock Exchanges. Wall Street Magnate allows "traders" of all ages to learn crucial skills in an exciting and highly social atmosphere.
Bankrolled with $100,000 in simulated cash, members trade stocks listed on the NYSE, NASDAQ and AMEX, and climb the corporate ranks by increasing their Status and Title. Wall Street Magnate sets a new standard in fantasy trading. No other site utilizes the latest technology to provide an extremely easy-to-use and intuitive interface for fantasy trading. No other site accounts for both dividends and stock splits in a real-time environment. No other site features social club play where members can collaborate or face-off with their friends while also competing against other clubs. No other site enables "traders" to track and document their complete trading history with sortable spreadsheets that can be easily exported.
"Wall Street Magnate puts true trading power at your fingertips," said Lew Schlossberg, Co-founder of Wall Street Magnate. "With the most current news, quotes and a dynamic social community, traders learn, compete and have fun without the risk of losing real money."
Wall Street Magnate's sign-up process is quick and easy. Once on the ad-free site, each member's profile page becomes the central gateway to fantasy trading, where privacy settings can be easily adjusted at any time. Members can quickly view a snapshot of their portfolio performance, current achievements, friends' status, club information, messages and the powerful WSM Ticker, which is the heartbeat of the site. With the WSM Ticker, each member can see a tremendous amount of live activity streaming in real-time, including:
- 24/7 news from The Wall Street Journal, Reuters Business, Yahoo! Finance and CNN Money
- The 20 most recent stock trades plus all new trades to hit the site
- Critical updates regarding buy and sell orders
- All Status and Title upgrades achieved by you and your friends
- Stock splits awarded for currently held stocks
- Dividends paid on currently held stocks
- Ticker posts from you and your friends
- Recent friend and club updates
In addition to the Ticker, WSM Clubs enable members to connect in a variety of ways, including: trash talking, messaging, and exchanging valuable tips. Each club has its own discussion board viewable only by its members. While in beta, numerous high school, college and real-world investment groups created clubs on the site that are now vibrant trading communities. These clubs constantly compete for the best returns and reflect the growing enthusiasm for WSM across different age groups.
"Clubs provide extraordinary depth to the site," added Laurence Cohen, Co-founder of Wall Street Magnate. "They make fantasy trading a much more social and rewarding experience."
Wall Street Magnate is accessible via all current generation smart phones, tablets and any device with an Internet connection. To join the free fantasy trading community, sign up at wallstreetmagnate.com.
About Wall Street Magnate LLC
Headquartered in New York City, Wall Street Magnate LLC is a privately held company featuring the most realistic and cutting-edge trading simulation on the Internet. Founded by experienced Wall Street trader Laurence Cohen and securities attorney Lewis Schlossberg, the ad-free fantasy trading platform is based on real-world information and allows its members to live the life of a trader. For more information on Wall Street Magnate visit wallstreetmagnate.com or "Like" Wall Street Magnate on Facebook at www.facebook.com/pages/Wall-Street-Magnate/207538302636409.
SOURCE Wall Street Magnate LLC