There are many good pennies for long term trading but finding them before they blossom is not easy.
You might day trade also but that requires a different set of skills ... do you have those skills...probably not and you do realize that 90 newbie day traders lose their initial investment within a year, don't you?
the key to making money at any price level (sub-pennies aside as they are mostly scams) is learning how to evaluate companies from a technical and fundamental viewpoint...this takes time...not days or weeks of study....more like years?
Don't want to spend that time??? you won't make much money at any level of price....none are safe levels of investment.
Answer simply.
Yes. You can do very well. I live in Las Vegas. You can also win a lot of money here.
Penny stocks are extremely volatile, and often have weak balance sheets and get pumped by agents until they crash. They are not as monitored by government agencies.
If you spend a lot of time and learn a lot about them, they can be very profitable, You can also equally lose every nickel you invest in a very short period.
I am a long term investor and do not like shells of companies so avoid the poorly regulated penny stock market.
Binary trading is notoriously risky but if you follow a special method I've learned you can earn good money at almost no risk. This is the site I use: ( http://forexsignal.kyma.info ) I definitely recommend subscribing to this site in particular. I was a bit weary of binary trading from all the bad hype they receive but this site is pretty legit. This course explain everything you need to start a very profitable trading activity. 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
Yes you can. Or lose big time, too. They are usually very volatile stocks and can go either way very quickly. One I like right now is OMEX (Odyssey Marine Exploration). They are treasure hunters and have found some awesome stuff in the past. If you can get in under $2 you'll be doing well going into the spring and summer. The medical marijuana stocks are good, too, but pretty pricey just now. Watch the charts and do a LOT of research, and it still comes down to being a gamble.
If a person has no knowldge and skills about Forex then it will be very difficult to trade in Forex. But if you use the right software you can make very good profit. The best software is called "autobinary signal". If you aren't a big expert this software is the only way to earn good money in Forex.
Not likely.
But you sure can lose good money.
