Penny Stocks For Dummies
The idea of trading penny stocks for dummies is very attractive. These micro cap stocks can be thought of as the race cars of the investing world. They are fast and exciting, and like race cars, some go from 0 to 100 in a 
couple seconds while others may end up in spectacular crashes! Obviously no one wants to get into a life threatening crash, so penny stock investors have found things to do to reduce the risks of ending up in a financial wreck. On a the positive side, it is common to see your money double, triple or even multiply ten fold in a short amount of time after you've learned enough penny stocks for dummies techniques.
Penny Stocks, as defined by the SEC, are stocks with a trade price under $5.00, though many investors and investing groups see them as anything under $1.00. You can find them 3 areas:
Research and due diligence is a good investing practice prior to making any investment, but in this case, where there is more risk, it’s absolutely crucial. NASDAQ Small Cap and NYSE stocks are required to file regularly with the SEC and their Exchange – get these reports and study them. Get to know the company well. Read their business plan and press releases and evaluate the stock's trading volume: low volume = little interest. Also consider using a reputable service with an open and verifiable track record for research assistance.
Make sure to avoid stocks that: * Have an “E” (or 5th letter) attached to their name * Have a poor reporting history * Are in bankruptcy * Are listed on the Pink Sheets * Do not have an office in the country where they are listed * Are trading in fraction of cents ($0.006) * Are spending more than they’re making. Also never invest in stocks which are touted in unsolicited phone calls, e-mails, faxes, ‘free’ newsletters, or on any website that does not have a verifiable track record. When investing, don’t purchase just one stock. Set a maximum investment under $3,000 and/or buy blocks of 1,000 to eliminate extra commission fees.
Non Dumb Penny Stock Screener Using a screener has become a necessity. Why rely on stock picking newsletters when you can screen to find your own for free? Penny Stock Brokers Finding the best penny stock broker to fit your needs! Non Dummy Penny Stock Strategies 8 Penny Stock Strategies Separating the Gated Community Dweller from a Cardboard Box Beggar Best Penny Stocks for a Dummy Here's a method of finding your own best penny stock picks. Never again rely on a stock picking service! Penny Stocks for Dummies Fortune Stock fortunes come and go. Are you closer to your stock trading riches than you think?
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