When you first begin your journey towards penny stock fortunes, I suggest you look for stocks within an industry you understand from previous unrelated experience. Consider your hobbies and interests and even previous responsibilities. Then create a list of companies associated within these areas of your knowledge. Then start collecting data and monitoring their chart performance without any intention of selling or buying penny stocks.
You want to watch for patterns in their chart behavior. You’ll notice companies in the same industry will exhibit some behavior similarities. Continue reading
If you want to find good penny stocks that will help you increase your profits you’ll need a couple of tools and you’ll need to do your own research to help you identify the best ones to buy, when to buy them and when to sell them. Unfortunately this isn’t an easy game and there is no single source that can or will provide you with good picks. It will take a combination of factors to help you find those good penny stocks.
There are a few tools that can help you watch and choose stocks. Penny stock software and newsletters are two good places to start. After you have done some research, take a look at my list of the online brokers and chosen one that will fit your need and skill level. Keep in mind you can’t simply let software or newsletters make all your decisions; you need to use them to help you make your own informed decisions. Continue reading