Penny Stocks Trading - How To Trade And How Someone Can Make Money Trading Shares
Everyone has a friend who has made 100% or 1000% on this or that stock. Many of those stories involved penny stocks trading. If you are an investor you probably receive e-mail from gurus trying to sell you their penny stock picks or their system. There is even a penny stock picking robot out on the market.
Prior to following an expert's advice, you should always perform your own research on penny stocks. Penny stocks can be defined as stocks that trade for less than $5.00 per share, or below $3.00. Some experts consider penny stocks to only be those that trade below $1.00 per share.
Why are these low priced stocks so popular with traders. It is due to their low price and the small amount of capital required to enter into a trade. The possibility for high percentage gains are greater. If you buy a stock for $100 and it goes up $2.00, you have a 2% gain. If you buy a stock for $2.00 and it goes up only $1.00, you have a 50% gain.
You can find hundreds of websites and experts offering penny stock picks for a fee. There are some who will send you free picks. You can also find a local trader or possibly a friend who trades these cheaper stocks to help you learn ways to trade. If you decide to subscribe to a service, see if you can get a free trial first as this allow you to see the picks in action and to see if they are any good!
Penny stocks can be rewarding and lucrative, but it also takes effort. You cannot expect to buy a stock and then check back in a few months to see how much you made. After you purchase some shares, you need to monitor them closely. These low priced stocks often have quick spikes in price which is how you make your money. If you are not watching, you may miss that quick rise in price.
Most online brokers permit low priced stocks to be traded. However, watch out for extra fees on low prices shares. Some brokers do not like to deal with these cheap stocks and they may charge you for trading over 1000 shares or 10,000 shares. With low priced stocks, you will often trade large lots and these fees can subtract from your profits.
If you enjoy trading and playing the stock market, penny stocks trading can be a great way to earn some profit. To start trading, you do not need a large account of money. Even with a small account, good profits can be made. - 23200
Prior to following an expert's advice, you should always perform your own research on penny stocks. Penny stocks can be defined as stocks that trade for less than $5.00 per share, or below $3.00. Some experts consider penny stocks to only be those that trade below $1.00 per share.
Why are these low priced stocks so popular with traders. It is due to their low price and the small amount of capital required to enter into a trade. The possibility for high percentage gains are greater. If you buy a stock for $100 and it goes up $2.00, you have a 2% gain. If you buy a stock for $2.00 and it goes up only $1.00, you have a 50% gain.
You can find hundreds of websites and experts offering penny stock picks for a fee. There are some who will send you free picks. You can also find a local trader or possibly a friend who trades these cheaper stocks to help you learn ways to trade. If you decide to subscribe to a service, see if you can get a free trial first as this allow you to see the picks in action and to see if they are any good!
Penny stocks can be rewarding and lucrative, but it also takes effort. You cannot expect to buy a stock and then check back in a few months to see how much you made. After you purchase some shares, you need to monitor them closely. These low priced stocks often have quick spikes in price which is how you make your money. If you are not watching, you may miss that quick rise in price.
Most online brokers permit low priced stocks to be traded. However, watch out for extra fees on low prices shares. Some brokers do not like to deal with these cheap stocks and they may charge you for trading over 1000 shares or 10,000 shares. With low priced stocks, you will often trade large lots and these fees can subtract from your profits.
If you enjoy trading and playing the stock market, penny stocks trading can be a great way to earn some profit. To start trading, you do not need a large account of money. Even with a small account, good profits can be made. - 23200
About the Author:
Everyone has a friend who has made 100% or 1000% on Day Stock Trading. Many of those successes involve penny stocks trading. If you're an investor you most probably receive e-mail from gurus trying to sell you their penny stock picks or their system.
posted by X - Men @ 4:52 AM
1 Comments
1 Comments:
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