NO they CAN NOT make you a fortune in a short period of time, nor will they make you a fortune in a long period of time - the only people that believe this are fools and newbies who believe everything and anthing they are told and who have no idea of how markets work.
Penny stocks ARE NOT for newbies. Only those with trading experience should consider trading in pennies since they understand the market, the risk and the problems associated with penny stocks.
Penny stocks are trade by those that have extensive market experience, are willing to "take a hot" at something and have the money to loose. Most experieced people that trade know to keep away from the "pumpers' and know how and when to get out of them
The goal of buying pennystocks is to take a quick position in them and get out
Those with securities experience will tell you that you are foolish to start in the market by using penny stocks and those that are in business will tell you not to do it. So with experienced investors/traders telling you not to do it, and those that are professional tell you not to do it, and even the Securities & Exchange will not recommend you do it, why do you think you can make any money.
They say when you buy securities you have a 50%-50% chance of making money, when you buy penny stocks you have a 50-50-90% chance, 50-50 chance of making money and a 90% chance of loosing money. Since there are no meaningful regulations for trading only those with trading experience stand a chance of being successful trading in penny stocks. Penny stocks are not for newbies
Well
You should try with Penny Stocks Trading (you can find more info here: http://pennystocks.toptips.org)
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
What you need to know about penny stocks is to stay clear of them. 99% of penny stocks are shell companies that exist to attract investors for business that will never materialize. No matter what the "story" is, it is very likely to be pie in the sky bullsh*t. You will not get rich. You will more than likely lose it all.
Invest in good stocks in real companies. There are thousands of them. And you can get rich doing that.
Go watch Wolf of Wall Street and save your money.
simple - forget them.
the only ones actually making the
money are the hypers, brokers that
pedal them.
FTC says they are junk and great way to
lose your money.
take the money u were planning of wasting
and invest in a library card on how
to increase your career/job income.
What are they? Can they make a fortune in a short period of time? If they can I understand it not easy for many people, but what is the goal when buying penny stocks? Also, how do you trade them? Any help is appreciated.
