Get In On Penny Stock Action!
Now you know trading penny stocks can be very profitable and now you want to get in on the action, but not sure of where to start. The following is a very brief guide to help you buy penny stocks from the comfort of your home. It’s a very easy process that anyone can learn to do.
1. Create an Account with a Brokerage
The very first step you should take involves setting an account with a penny stock broker and fund it. If you’re just starting out, I highly recommend you go with a well-known stocker and that you try to trade penny stocks that are in the $1 – $5 range.
2. Select your Pennies!
Ok, you’ve got the account setup and funded; now you’re technically ready to trade. However, you need to find stocks to buy and trade. This can be the most difficult part for new investors. Penny stocks add a little more difficultly, because the companies aren’t usually as well known. Consider signing up for a newsletter, such as pennyplayersclub.com which is a great avenue to obtain valuable information from experts who search for undervalued hot penny stocks for their members. Once you have some penny stocks you like, it’s now time to research potential trades on your own. Doing your own research is known in the stock world as “due diligence”. Investigating a hot penny stock can take more time than it would for a big board stock, because there’s usually less news and data available.
3. Trade your Penny Stock(s)
Once you have a stock you like, it’s time to execute a trade. You’ll be paying whatever the ASK price is if you put in a market order. We recommend always using limit orders. Put in the price you want the stock at and let it go. After your trade is executed, you’ll own shares of the stock and it’s now time to monitor the stock early and often. Have an “exit price” in mind before you buy any penny stock.
Anyone can buy penny stocks online with ease in the stock market today. Hopefully this tidbit of information will get your penny stocks account setup and going. Good luck to you!
1. Create an Account with a Brokerage
The very first step you should take involves setting an account with a penny stock broker and fund it. If you’re just starting out, I highly recommend you go with a well-known stocker and that you try to trade penny stocks that are in the $1 – $5 range.
2. Select your Pennies!
Ok, you’ve got the account setup and funded; now you’re technically ready to trade. However, you need to find stocks to buy and trade. This can be the most difficult part for new investors. Penny stocks add a little more difficultly, because the companies aren’t usually as well known. Consider signing up for a newsletter, such as pennyplayersclub.com which is a great avenue to obtain valuable information from experts who search for undervalued hot penny stocks for their members. Once you have some penny stocks you like, it’s now time to research potential trades on your own. Doing your own research is known in the stock world as “due diligence”. Investigating a hot penny stock can take more time than it would for a big board stock, because there’s usually less news and data available.
3. Trade your Penny Stock(s)
Once you have a stock you like, it’s time to execute a trade. You’ll be paying whatever the ASK price is if you put in a market order. We recommend always using limit orders. Put in the price you want the stock at and let it go. After your trade is executed, you’ll own shares of the stock and it’s now time to monitor the stock early and often. Have an “exit price” in mind before you buy any penny stock.
Anyone can buy penny stocks online with ease in the stock market today. Hopefully this tidbit of information will get your penny stocks account setup and going. Good luck to you!
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