Amateur.Debater: What is penny stocks? How do i learn to use it? And how long does it take to get started?
I’m looking for ways to make money when i came across penny stocks, can anyone explain how it works?
Answers and Views:
Answer by George Gifkins
Penny stocks are just like any other stocks on the stock Market, however they are generally the stocks that are worth only a few pennies…
So whilst large companies may have stocks worth hundreds, smaller companies will have penny stocks.
This Market is the most risky, however as a result it has the most opportunity for return… For example a change of just 0.01 pennies to the value of the share in a day (a tiny amount) would be the equivalent of a 1% change I the share was worth 1p
Basically for penny stocks, a small change can have a massive impact on your investment (in either direction)…
I believe penny stocks/shares are traded just as any other stocks are, through a stock broker… Of course choosing your type of dealing and stock broker takes a lot of thought and planning also, just as picking your stocks/shares should.
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