This paper develops a simulation model which can be used to investigate a wide variety of stock market invest ment strategies. A brief review of the literature of stock market forecasting is given. The paper describes the de tails that any simulation of a stock market investor would have to include if the model is to be realistically com pared to the performance of real investors. An outline of the necessary features of any program which is to be used to investigate may different combinations of invest ment strategies and forecasting devices is also given. The program is described in detail and a few preliminary results are given.
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