what is a good site to trade stocks on?
My grandfather just gave me some money and told me to see how I can do on the market. What is a good site to trade on? And what are some good Penny Stocks that I can start out with as well as certain areas that should do better in 2013
All major brokeage firrms provide on-line websites so their customers can trade HOWEVER,
From a brokerage firm’s perspective having their customer deal in penny stocks is a loosing proposition. Many firms do what ever they can to discourage such investments/trading, especially from new accounts. No firm wants to be known as a “penny stock” firm.
Firms are more than willing to permit existing customers trade occasionally in penny stocks but very few firms want customers to trade in them frequently. Usually experienced customers will occasionally trade in a penny stock but they know what they doing. But new customers who want to trade in only penny stocks present problems for brokerage firms. Not only are the transactions problems but the customers lack of knowledge is very difficult to deal with.
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.
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.
Before you enter an order for penny stock, read what the SEC has published regarding penny stocks http://www.sec.gov/investor/pubs/microca…
Good luck in trying to make money
2013 Confusing Year for Penny Stocks