How can I get started in penny stocks?
I realize that penny stocks usually aren’t the best route to take, but I’m not looking to become a millionaire, I’d just like to make a little bit of extra money. How do I put money toward penny stocks? How can I tell which are the most likely to succeed?
Use easy terms on me please, I’ve never done anything stock-related, but I’m curious, and it’s something I’d at least like to try – which is why I’m getting into penny stocks, to test the water a bit
With over 40 years of experience in the industry, I would not encourage you to do this, however to
answer your question, you buy penny stock like any other stock.
Here are some websites that will help you understand pennies, if there are any brokerage firms advertising on the site you can contact them
You can open an account on-line with the brokerage firm, send them your check (put your account number on the check – you’ll get an account when you establish an account). Once the money is in your account you can buy stock.
Be aware, the brokerage firms all have minimums that you must deposit to open an account, but the firm will make you aware of it.
If you have problems with either opening the account or entering an order you can always call the firm’s customer service department and they will help you
How To Play Penny Stocks