[mage lang="" source="flickr"]penny stocks trade[/mage]
what is a popular website for trading penny stocks?
obviously thats not 10$ a trade. im new and looking to start investing, can u please tell me some requirements i need to get into the market? for example i need to open a checkin acount and what else would i need.? thank you
You need a book. Nobody here can teach you everything you need to know, or even begin.
. Novice investors make the very critical mistake that a penny stock is a company that is just starting out or immature and just waiting to bust out. In fact, most penny stocks are priced so cheaply because the value and fundamentals of the underlying company is basically junk. The companies normally have very high debt, negative retained earnings, bad management, etc. Most penny stock companies will not be around for the long term as they are mostly smaller cap stocks, which have an extremely high long term failure rate. A penny stock is MUCH more likely to lose all of its value over the long term, than to make money. They can be fun to play with using small amounts of money, but NOT a very wise investment tool.
http://www.pennynetwork.net Penny stock newsletter
You might want to read this article about penny stocks, they are highly speculative and risky.