"Tips On Penny Stock Investing" by Arindam Chattopadhyaya
There are also several possibilities in stock market investment like day trade of stocks, future and option trading, over the counter stock trading, penny stock trading etc.
If you follow classical value investment model for investing stock market, you cannot really multiply your money overnight. To make money quickly, you need to invest in option with proper stop loss and day trading. You can also apply the same concept of future trading for Forex and commodity market.
In this article, you will learn how to pick hot small and madcap stocks because invest in penny stocks gives you maximum profit margin and less risk because you are not committing large sum of money.
What are the challenges in investing in penny stocks?
1. Picking top penny stocks is an approximate science and art and there is a much higher risk when investing in penny stocks.
2. Information available for penny stocks versus those traded on the New York Stock Exchange.
How do you go about finding the top penny stocks?
1. The best way to pick the profitable penny stocks is to combine your own research with professional share recommendations.
2. Before investing real money, practice stock trading on paper.
3. You should subscribe to few top quality penny stock newsletter and financial newsletters.
There are many online penny stock selection services available, you can join them but I found most of their services are not very reliable due to insider trading.
Here is my advice for penny stock investment to your success in wealth building
a. Learn proper money management and risk management while investing in stock market
b. Invest in penny stock just like investment in your own business
c. Do not influence by your emotion.
d. Make a proper investment goal.
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