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How to buy Penny Stocks

Posted by AlexaStock on November 6, 2010 at 5:55 PM

1

In order to buy penny stocks we need a small budget first. In today's economy a budget of $1,500 to $2,000 should be enough to get you started. It is obvious that you can't make something from nothing, so stop whining and go out there and start saving in order to invest.


2

Start looking for companies. You can use any Stock Screener to find companies that have charts available on there. In order for you to be able to analyze those charts you will need to learn Technical Analysis. There are books and guides available online as well as books stores and libraries.


3

Understand how stock market works, combine that knowledge with technical analysis find stocks that are selling low, buy them and sell them when they become high. It takes lots of practice and experience, that is why it is suggested to start investing fake money first and see how it goes. I wish you all the best investing.

 

 



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