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I do believe that trading penny stocks can be a way to day trade. It is very risky but I think that a good way to reduce the risk of trading penny stocks is by learning chart and time to time stock alerts and newsletters Then there is no risk.
More risk more gain.
I know that in penny stocks, they move with good news, chatter online, and when price and volume breakout occurs, you hop in. When the momentum slows down - GET OUT! Take your profits and limit your losses, that's the way to make money with them.
Answer :
The answer to this question depends on what kind of investor you are and what returns you are expecting out of your investments. If you are looking at investing for the long term, say to buy a house or car or even for a retirement fund, it is advisable to invest in blue chip stocks or other such stocks that provide steady returns and do not fluctuate much with market fluctuations.
If you do not mind the risks then there are a lot of other options available. My suggestion would be to register on an online trading portal which will provide this information and help you to invest wisely.
I invest with Reliance Mutual funds . They have a vast Knowledge Centre with provides daily reports as well as a host of other information that is very useful.
Wiki User
∙ 13y ago
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