What's to learn about penny stocks?
They are private companies (not quoted on a stock exchange)
They are unregulated: You cannot beoieve anything you read about them.
They are mostly illiquid (therefore ripe for Pump & Dump)
There are those in the know and those that aren't (the mugs).
You are one of the mugs.
Watch Wolf of Wall Street for educational purposes.
Just type "penny stock" in the Search Answers box above, and you'll get lots of answers.
Penny stocks are not for beginners.
Penny stocks are not a "buy" because they are cheap.
The low price of pennies signify they are junk, not on a fire sale.
Pennies are highly volatile, very risky, and extremely low liquidity. Are you a trader and do you know how to trade these adverse conditions? If not, pennies are not for you. If you don't have a trade plan, you're just rolling the dice and would be better off going to the casino.
Better to learn how to invest first. Read a couple of good beginner books like Investing for Dummies and The Millionaire Next Door.
If you are smart ,you won`t. You appear to believe that there is a pot of gold at the end of the rainbow.
Trading "penny stocks " is no different from trading big stocks except that they usually illiquid , very low volumes, easy to buy but hard to sell and stellar rises are often hugely diluted by hefty spreads, which novices and mug punters never consider.
You are far better to avoid penny stocks unless you want to lose all your money.
There is money to be made but you really have to do the research before you become victim to the "pump and dump" penny stock scammers
Hey, I'm interested in learning about penny stocks please could someone give me advice, what is the best software ? How do I connect it with my bank account ? And the basics ? I already have a few things I want to invest stocks in. Is there a search bar on the software ? To search the companies ? regards Dane.
