Anyone know of a good penny stock site to invest?

July 26, 2010, 2:33 pm
Question
A friend of mine a few years back was investing in some penny stocks and made some money on it. I was interested in possibly investing in some myself but I do not know the first thing on investing. Is this a good idea, and if so does anyone know of a good place to start? I dont have a lot of cash but I wanted to maybe put some into a few stocks to see if I could gain anything. Thanks.
Answer
You're chasing a dream. Your friend... if they had less than 3 years of successful trading experience.... was simply lucky. You will lose money (big time) if you just rely on a "service". The absolute key to penny stocks is great trading money management skills. Learn "Technical Analysis". Learn basic trading. Trade stocks over $5 for 3-5 years... then you can try Penny Stocks. Try to read a book on trading every 4-6 weeks. Re-read them. Do this as long as you trade.
Source: answers.yahoo.com




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