My Stock Forum
How do I get started in penny stocks?
I want to get started trading some penny stocks. Are there any websites that let you do it w/o paying a monthly fee or anything? Thanks for those great answers! Lots of stocks start low then sky rocket.
Public Comments
- no such thing as a free lunch.
- good luck with that. penny stocks have low values for a reason.
- Scottrade will open an account with as little as $500.00. I would not begin investing in penny stocks until I had more mainstream investments first. Obviously penny stocks are not as regulated and they are not very liquid - plus most of the "pump and dump" scams happen with these stocks. It may appear cool to own 100,000 share of a stock trading at $0.05 but it could be better to own 100 shares at $50.00. Just my opinion. If you can afford the complete loss of your initial investment..good luck.
- Zecco.
- For a smaller investor probably a discount brokerage account. Google discount brokerage - there are several. ( I know you didn't ask this part - but I can also tell you how most people end trading penny stocks - they lose all of their pennies) It is high risk but can be fun. Just make sure you are "investing" money you can afford to lose.
- Some of the best traders at http://www.top10traders.com have some great ideas on penny stock investments. You can see who the best traders are here: http://top10traders.com/Top10Standings.aspx You can see the latest trades here: http://top10traders.com/StockInfo.aspx This site is totally free. Hope this helps.
