Startup Projects Background

Overview

I was just on the Forbes website and read an interesting article on penny stocks. It sounds like you can make a lot of money very quickly due to the extreme growth of the stocks, I think one was mentioned at 2100% !!! Thats not a typo. Obviously I am aware that there is a risk so please dont all say that i might loose my money. The great thing about penny stocks is that the shares have to be under $5 so the risk is very small! I have been looking around to find sites to potentially use has anyone ever used http://www.scottrade.com/ ?any feedback would be great!

Created 04/12/2013 at 04:45 PM by Chriswicks in Foreign Currency Exchange

Rate this idea

Current ranking

100%
0%
0%

Comments (4)

I to have heard about the large profits that can be made but thats about it i am afraid.

00 - Report abuse   April 12, 2013 at 4:53 pm by Purdeyent

From what I understand not many people know about penny stocks because online brokers dont promote them as the have such small commission fee’s due to the low price of the shares. You can make good money from them.

00 - Report abuse   April 15, 2013 at 6:45 pm by Lance Neil

I would highly recommend staying away from penny stocks. Generally, if a stock is trading for pennies, it means something is very wrong with the company. No company has an IPO with a target price of 75 cents. The chances of you finding that gem company trading for pennies and striking it rich are incredibly small. That being said, any of the online trading companies: etrade, scottrade etc are fine for trading stocks. You may want to pay attention to the fees per trade as it could make a difference depending on whether you are hoping to be a day trader etc.

00 - Report abuse   April 17, 2013 at 12:51 pm by James Hudson
00 - Report abuse   April 17, 2013 at 12:52 pm by James Hudson

Leave a Reply