Penny stocks, also known as cent stocks in some countries, are common shares of small public companies that trade at low prices per share.
I've been subscribing to this PennyStock web site for about a year now and have loved the objective advice they give. He really does look for quality stocks and I've made some pretty nice profits on a lot of his suggestions. Being still fairly new to investing I have been dabbling a lot in penny stocks to try and grow my account. I may not have a big account, but it's a lot bigger than it was a year ago. On just one of Nathan's picks this year I managed to make my investment back ten-fold! Be careful! Penny stocks are notoriously risky but if you follow the right method the risk is almost 0. I suggest to invest only little money first and then reinvest the profits. This is the site I'm using: http://pennystocks.toptips.org
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Exactly what "tro" said. You say you already have a basic understanding about the stock market but really what do you understand? How it works? What the numbers mean?
Being so young you have a ton of time to dedicate to reading books daily and studying the trends. Start small. Etrade. Learn the ins and outs. See what your parents have invested in through their 401k. Is it in the green?
Baby steps is always what I say! For me though I am into the gold rush. Gold IRA investing is where I am at and where life has taken me. It is not my sole investment but it is a big part. You can take a side step and study this side as well. This website has great information for beginners, its not "sales y" either.
http://www.goldirasecurity.org
Hope that helps!
you need to study the stock market pages of the newspaper every day, watch the stocks, the ups and down, study the background of the ones on the market, this will take time which at 16 you have plenty
I have little money and this summer i would like to learn alot about the stock market ( i already have a general knowledge about it) and how should i start to trade or invest? i would like to start earning abit more extra cash so i can help my parents and to be able to buy things for myself. One day i would like to make millions and be very successful, i think this might be a good start on the entrepenuer ladder. have you got any tips? any good websites to start trading? what kind of market should i go on? ( any information will help) thank you :)
