Penny Stocks: A Good Place to Start
Tuesday, February 23, 2010
If you are interested in investing in penny stocks you will need to find a broker. Finding a broker is helpful because the process of trading stocks can be confusing. It can be difficult to find a broker because they are all different but for the beginner investor using an online broker will work just find. Online brokers do not offer individual attention but the trade off is that you can check on your stocks 24/7. The fact that you can check on your stocks at any time is great because these stocks are quick movers. What is also great about investing in penny stocks is that you will only need a small amount of money, just enough to cover the price of the share which are under $5 and the brokers fee.
There are higher risks that come with trading these penny stocks. Since trading stocks like these people usually trade and sell by thousands of shares you can make lots of money or nothing at all if the stock does not raise in price. When you decide to sell the stock you own you simply inform your broker and they will sell. If all goes well you can make a lot of money.
Penny stocks are a great way to make some money but remember there are risks that come along with the potential profits. Knowing what you are doing and having a good online broker you can see some profit.
-M Petrone
http://PremiumPennyStocks.blogspot.com
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