Copywritten by Geoff Morris, 2006.
If you don't want to risk a lot of money on risky stock market ventures, Online Penny Stock Trading could be the answer you're looking for to make quite profitable investments.
There are websites that pick penny stocks that are trading for less than $5.00 on the NYSE, the NASDAQ, and other major Exchanges like the London Stock Exchange. You always have the chance to win when you trade penny stocks. But the risks are very high, and if you follow the advice, you could make a lot of money in the penny shares market.
If you are new to the stock market, you won't learn anything from just looking at raw numbers. But almost any website for trading penny stocks will give you the advice you need. These companies don't want you to fail in the stock trading world. Instead, they would rather see you succeed so they can add another success story to their website and keep getting commissions from your trades.
You can sign up for any of the hundreds of websites that let you trade penny stocks that are all over the Internet. You get all the services you would normally expect from a website for trading stocks. You get tools for managing your portfolio and the most up-to-date stock prices.
But some of these websites for trading penny stocks will let you sign up for their weekly newsletter, which will tell you which companies they think will do well on the stock market next.
The Red Hot Penny Share system by Fleet Street Publications is one of the best I've seen. A few years ago, I took out all of my different employment pensions, which were quickly losing value, and put them into a Self Invested Pension Plan (SIPP), which is only available to UK taxpayers, though there may be similar plans in the US.
I was able to turn my $122,000 pension fund into close to $430,000 in less than 3 years by trading Penny Stocks online during times when they were very profitable.
The other big advantage of using the SIPP as a way to invest was, of course, that all of the profitable investment returns were tax-free; there was no capital gains tax to pay.
In this facility, you can act as the manager of your own Pension Fund, but unlike the usual City Fat Cats, you want your money to work as hard as it can for you.
As long as you are willing to pay for this kind of service and do what they tell you to do (BUY when they say BUY and SELL when they say SELL), you can make a big difference in what may be a small pension nest egg. The other great thing about SIPPs is that you don't have to cash it in at age 65 for a risky annuity. You can keep trading and make money until you're 75.
Take your time as you look for a website to trade penny stocks. There are many stock trading websites that don't offer as many services as others. So, take your time and pick the trading site that best fits your needs.
