Think about it this way. Sure a stock can go from 7 cents to 14 cents which would mean you can double your money. However, the stock can just as easily go to 0 making you lose all of your money. Stocks that trade for pennies did not get there because the company was doing well.
Penny stocks are a very, very, very risky investment and it is unwise to try and get rich off of penny stock valuations. Winners in penny stocks usually have to be luckier than lotto winners.
newsletters are good but you gotta play them right. penny stocks are very risky. try StockWiky.com its a penny stock alert and penny stock newsletter.
Penny Stocks are risky investments. The chance of a huge profit is outweighed by the likelihood of a huge loss. Penny stocks are often used to lure in new investors who then find themselves left with a bunch of stock in a worthless company. You would be better off taking your money to a qualified reputable investment firm.
Stocks.
There is no difference between penny stocks and cent stocks.
You can find information on NASDAQ penny stocks online at the All Penny Stocks website. Once on the page, hover over "Hot Penny Stocks" in the left navigation menu and click on "Hot NASDAQ Penny Stocks."
Canadian penny stocks can be bought through a financial brokerage office. Also an online platform service can be used. Detailed information about Canadian penny stocks can be found on the website All Penny Stocks.
Penny stocks, usually called common stocks, can be invested in for as little as $5 a share either at a brokerage firm or online. Consultation with a broker who specializes in penny stocks is recommended.
The main advantage to buying penny stocks is that they are so cheap. One also has to consider the downside. The major disadvantage to penny stocks is that these stocks often fail.
There are tons of websites out there specializing in penny stocks. My favorite is www.pennypicks.net/. They update their website every day with the best penny stocks.
Penny stocks are stocks that trade below $5 per share. They are some of the very cheapest on the market, and you can purchase massive amounts of these stocks for not that much money. Given all of this, you are probably going to want to make sure that you are getting the best and least risky ones. Picking penny stocks is really all about being able to figure out which ones are legitimate companies waiting to blossom, and which are just over hyped small companies that are getting too much attention. If you can figure this out to some extent, then you are in great shape to be able to pick the right penny stocks today.
Penny stocks can be found at thehotpennystocks.com. It is also wise to go to allpennystocks.com as that site provides all the penny stocks for both the United States and Canada.