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Is penny stock trading worth having?

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Anonymous

13y ago
Updated: 9/16/2019

When Investing with Penny Stocks it usually is a Short Term Financial Obligation, due to the fact that a person does not get a large return out of the Stock. The Risk Factors with Penny Stock are that you don't know much about the Company that your investing into and the Company is usually a New Company that hasn't made a name for itself so it doesn't have and Liquidy in the Stock Market.

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Wiki User

13y ago

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Related Questions

Is investing in penny stocks worth the money?

Typically, penny stocks are high risk stocks and experts advise people to avoid them due to the fact that they fluctuate rapidly. For information, see http://business.solveyourproblem.com/stock-trading/penny_stocks_high_risk_investing.shtml.


What is the closing price of a stock?

The closing price of a stock is how much a stock is worth after a specific day of trading.


Is offering stock a good option?

If it is a good stock which is worth having, then yes.


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The best way for one to learn about stock trading is to get involved, that can however be more expensive than it's worth. Another way is to follow marketing websites and magazines closely.


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Investing in penny stocks works just the same as investing in any other stock. You buy the stock using its symbol Example: XYZ is the symbol for Xray Yellow Zoo Inc. (company is not real) You open up an account with a broker that does not penalize you for investing in microcap or penny stocks, place a "limit buy" order for that symbol and determine the number of shares you wish to buy. When the time is right to sell, you place a "limit sell" order indicating the number of shares you wish to sell. Remember, penny stocks are highly volatile, meaning that their price can move up or down by leaps and bounds in a short period of time, this is not the case with all penny stocks, just the ones that are worth your investment.


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