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| Top 5 Penny Stock Need-To-Knows
| By:
Peter Leeds | |
At Leeds Penny Stock, we're often approached for guidance and direction when it comes to protecting yourself from the risks of penny stocks. In response, we've developed this list of the top five things you need to know.
1. Free Penny Stock Picks
Never under any circumstances should you follow a penny stock pick which you learned about for free. There are a lot of hidden motivations, and you can bet that someone is profiting be encouraging you to buy. If it's a free tip, assume that it is a junk company being touted by a junk promoter.
2. Best Penny Stock Markets
When dealing with any kind of equities, you need to trade ones that are on legitimate, regulated exchanges. Some of these better markets for penny stocks include NYSE, AMEX, and NASDAQ, as well as the OTC-BB. Avoid the Pink Sheets market, there are few regulations and compliance requirements, and the trading volume is so low it can be a problem.
3. No Free Trial? No Purchase!
There's usually only one reason why a penny stock website won't give you a free trial. It's because they know if you saw what they actually offered, you'd never pay for it. Don't get involved any penny stock service that won't give you a free trial.
4. Media Finds the Best Players
Think of the media as a 'screening' service, separating the good from the bad. If they think you're good enough for an interview, then you'll get the coverage. Trust penny stock services that enjoy frequent media coverage, because the fact checkers for those same media outlets already know who is best.
5. Market versus Limit Orders
When trading penny stocks, you should always use limit orders (you pick the price of the trade). Never use market orders, because then you are exposed to price volatility, and paying more per share than you expected. Learn more about the differences between market and limit orders from your broker. |
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Peter Leeds, The Penny Stock Professional
Understanding Penny Stock Article Source : Ultimate Article Directory |
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