So does ESM work
To take part in an ESM on your site, the users must be registered as a trader and receive the access dates for a virtual stock depot. Then the trader can start directly. Purpose of the users is to increase their depot by clever buying and selling. It's traded round-the-clock - always on the basis of the current info which is available to the user - on your site as well as through other sources of information.
Besides, there are two versions of an ESMs, a play variation and a forecast variation.
- With the pure play variation stocks are traded exclusively with virtual money. Every participant receives at the beginning the same amount of virtual money and can speculate how he feels like. Instead of real money the traders can win prices as a profit. To increase the incentive, you can tip out beside the first prizes at the end of a stock market, however, also a lot of prices during the market is running.
- The forecast variation is based on the same model, indeed, with the difference that real money is used and is tipped out according to commercial success. Importantly is present that the height of the purchase price of a stock or the application is limited, because it would be, otherwise, it a game of chance.
By using real money the traders operate rationally in the stock market. Amazing exact forecasts can be thereby derived from the stocks.
Traders purchase the stocks of a party, which takes part at an election. From the stock exchange rate you can see the forecast for the election. And of course can be transferred just to other events which depends on opinion and opinion forming.