Red Flags to Watch For When Evaluating Penny Stocks

Penny stocks are risky, but that doesn’t mean you shouldn’t have any in your investment accounts. There are certain stock screens you can use to help weed out bad penny stocks. These tips should be used as part of your initial screening process along with other technical and fundamental screens to pick your list of acceptable penny stocks. Keep in mind these screens won’t be as useful once you have already invested in a stock, but they may save you some heartache upfront. Continue reading

How Penny Stock Screeners Should Be Used

As you strive to make the most of your penny stock investments you will want to take advantage of some of the tools available to you. One of these tools you should consider is a screener. Stock screeners help you look through a number of stocks to filter out specific ones through set variables. This can be a big time saver as you try to choose stocks that fit into your ideal trading plan.

There are a few different ways you can experiment with this to find the best fit for your trading strategy. You may want to consider a fundamental analysis or a technical analysis. Whichever you choose you can find stock screeners that are free or screeners that come with a fee. Learn more about the benefits of each type in this article. Continue reading

Stock Trading Tutorial Styles

If you want to be successful in the stock market you will need to do some research, not just on specific stocks or business plans, but on the other aspects of trading as well. One great way to do this is with good stock trading tutorials.

This doesn’t necessarily mean you need to keep your nose in a book for hours and hours to learn though. There are a few different stock trading tutorial styles you can take advantage of to learn about the ins and outs of trading including important aspects like technical analysis, decision making, money management, risk analysis and even how to run a business. Finding the right style, or better yet, combination of styles will help you get the most from the information. This article will provide a good start and give you examples, as well as brief descriptions, of some of the best styles of tutorials. Continue reading

How to Read Stock Charts

A stock chart is simply a pictorial view of the price of a stock over time. Virtually all common styles of stock charts can be generated for free online or through your online stock brokers. Just generating charts is not enough. You need to learn how to read stock charts in order to gain any value from them. Learning how to read stock charts can be broken down into understanding the timescales, understanding the price scales, and knowing the different charting styles.

If you are buying penny stocks, you need to determine if you’re looking to capitalize on day trading or if you’re just looking for a diamond in the rough to stick with for the long run. Continue reading

Penny Stock Quoting Systems

While you can get your stock quotes online or in the paper if you want to be successful at trading penny stocks you will need to check stock prices more often then after the market bell at the end of the day. Instead you may want to look into penny stock quoting systems to provide you with more up-to-the-minute quotes and further capabilities.

There are a few different levels of quotes with different degrees of detail and other functionality. Level I stock quotes are similar to the information you get on the news, while Level III stock quotes include quotes on stocks as well as the ability to execute trades and send out a notice that trades were executed.

Since the price of penny stocks can change so quickly and so frequently throughout the day, the more information and capability you have with stock quoting systems the better chances of your success with penny stock trading. This is an already tricky market so all the tools you can find to help can make a big difference. Continue reading