I GUARANTEE you will lose all of your pot in a very short time.
If you are going to invest without learning something first then go for well managed companies with good cash flow and an understandable product or business model.
ONE of the worst things about penny stocks is the spread. Let's say the price is 1-2. If you buy at 2 then you have instantly lost 50% of your money (on paper anyway).
Beginners think if they buy a penny stock and it doubles they double their investment. True. But the overwhelming odds say thet it won't double and very good chance of halving (or worese, being un-sellable).
It's really possible to make money with trading online, specially with binary trading. You have just to know where to learn... and I know the best source ( http://forexsignal.kyma.info ) This course explain everything you need to start a very profitable trading activity. Before you "learn" to day trade you first must understand the markets, the products traded in the markets and the rules you have to follow to be in the market. You have to learn what to do, why to do it, when to do it and how to do it. If can learn all of this then and only then can you day trade. Before you day trade you must be able to trade. You also need a written sound trading/investment plan with rules that will not only help you but more importantly protect you, mostly from yourself. You also need sufficient trading/investment capital. Use your own money, there’s no need to go into debt so that you can trade/invest. It is more imperative to have a written money management program in place. Remember never invest 100% of your capital into any one security and never have 100% of your capital invested and a good understanding of the rules
Buy ETF, at a good timing. Period.
Hey so i know absolutely nothing about the stock market. i just turned 18 and opened a scottrade account. From what i've heard i think i'd like to trade penny stocks. Can someone explain how everything works? how to get started? how to determine what are good stocks to invest in? Just basically break everything down as simple as possible! Thanks
-i know absolutely nothing please help and make it simple! 10 points!
