Penny Stock Picks For Huge Profit
In stock market there are two types of people one is investor and other is trader. Strategies for investors and strategies for traders can vary.
Generally investors are those who invest in the market or stocks for long term perspective and traders have short term perspective. Many people who want to make money from stock market do not recognize themselves whether they are traders or investors.
Fundamental analysis which includes financial data and financial ratios to find how sound the company is you are going to invest. Fundamental analysis is useful for investors whose investment horizon is long. But if you are a trader then you should have trading system based on technical analysis.
Penny stocks also known as micro stocks are risky, but if trade or invest in it with a sound knowledge of technical analysis you can make huge profit in minimum investment.
To make money with penny stocks find a penny stock company having good prospects in future, Use proven and tested trading strategy based on technical analysis. Technical analysis is helpful for short term traders.
To find profitable short term trading opportunity you need to learn the skills of technical analysis as it is essential tool for short term trader. Make a simple trading plan that has good success rate and test it by doing paper trading initially.
Good entry and exit points are essential for successful trading, though it is not all you need to use other techniques too such as stop loss technique and money management technique. By using these technique with a trading system that has good success rate say seventy per cent success rate will improve your chances to make profit.
Though penny stocks are risky but you can make big money with penny stocks too. All you need to have a good trading system with acceptable success rate say seventy to eighty per cent and along with stop loss and money management methods you will make fortune.
People often like penny stock investing as it offers very big percentage gain as compare to other stocks. Here is example. SAY XYZ stock trading at $5 (Five dollars) and it rises to $6 (Six Dollars). The gain is $1 i.e. 20 per cent. That is good gin but say you find a penny stock with good future prospects and trading at $0.10 (Ten Cents) rises same as previous one i.e. $1 i.e. To $1.10. Your ga
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