Make Your Money Work Well in Lesser-Known Market Corners
You came here for the best penny stocks for beginners. I respect the impulse. You want a short list, a green light, a real map. Here is the responsible truth: the only safe way to approach this corner of the market is to define “best” as “least likely to ruin you.” Read that again. My job here is to help you define a no-hype, no-nonsense
You’ve probably heard the closing bell ring at 4 PM Eastern Time. Most traders pack up and call it a day. But here’s what many don’t realize: some of the most explosive penny stock moves happen when most people aren’t watching. Table of Contents: After hours penny stock trading opens a world of opportunities that traditional market hours simply can’t match. Think of it as
These days most people rely on search engines and the internet to do research. While this is a decent place to get some information, it doesn’t always provide the most complete or the most accurate information for everything — it really depends on your source and the subject matter. If you’re searching for accurate and detailed information about penny stock companies so you can make wise investments, it’s better to broaden your search beyond the internet, where there are too many sources of fraud and scams anyway. There are a few specific places you might want to reference before you put your money on the line.
One good place to check is with the SEC. If the company files with the SEC they are making an attempt to look legitimate. Along the same lines you may also want to check with your state regulator as well as the state regulator for the state in which the company is located. This is often the first place complaints about a company or stock are registered; some complaints never leave this state level, so you may find out more by going directly to the state office.
Is it really possible to make significant money buying and selling penny stocks?
Yes, it is possible. Is it likely? Well, that’s another question. Some people have earned significant money simply buying penny stocks low and selling them for a profit, but actually doing this isn’t as simple as it sounds.
Because these stocks are low value per share they are tempting for the beginning investor, but this is actually a complicated market that can be quite volatile. Even though the price per share is low, these stocks are generally traded in volume. This is how you make more money, but it also what makes them risky. Prices can go up or down quickly and as the price goes down you need to find a buyer if you want to sell your stock.
Buying penny stocks and selling them for a profit requires research. If you are willing to do the work and put in the time there is money to be made in this business. There are a few keys to success in this market.