A novice should restrict themselves with FTSE 100 stocks ,and then with experience FTSE 250.
Learn how to read fundamentals. It is also important that you know the difference between "cheap " and " low cost " share prices i.e. a 10p share is not cheaper than a ￡10 share. That`s down to the fundamentals, liquidity and spreads to decide.
You have been misguided. Penny stocks are not a way to start investment porfolios. Blue chips are.
Since you're in the U.K., you'll probably be trading on the London Stock Exchange (unless you're interested in American exchanges). You're going to have to ask around at your local banks or brokerages to see if they can open up an investment account for you.
The secret word of trading success is "organized". You can't be successful without a strategy, a plan and some kind of technological support. I use a software called "autobinary signals" that is helping me a lot. There are plenty of them on the market. I recommend this one because it's very easy to use (you don't have to be an expert or have special skills to make money with it).
Check it out here. It's worth it: http://tradingsignal.toptips.org
penny stock are very risky , because they have got a low value , all stocks under 5$ are penny stock , in one day they might rise to 50% or fall down to 50 % , try simulating it ,for example look BLD in Nasdaq or PLUG , and i hope you have a finance culture , otherwise put your money in a Fund or in an ETF but are most dangerous than hedge funds
Get a broker. Talk to Vanguard, T. Rowe Price or Fidelity.
Stay away from penny stocks.
I have a very good eye for trends in the market and genuinely interest in making money that way. A little bit at first then more as much as I can handle.
I want to start off with say ￡1000 and carry on from there. Also I'm interested in penny shares too, I heard that is a way to start investment portfolios.
Would apprieciate genuine advice from serious enthusiast and like minded people.
