If you have made up your mind to trade in penny stocks , you need to have a stock expert or a service that gives you proper guidance on how to buy them and the best ways to invest in them. A big number of penny stock traders lose money because of poor understanding of rules , fundamentals and patterns that are involved in penny stock trading . People trade at the wrong time and deal with the wrong stocks and this makes them lose money .
In order to be a successful penny stock trader , you need to subscribe a good penny stock newsletter that will give you proper guidelines and strategies on how make money.
A good penny stock microcap millionaires newsletter will help you in the following ways:
- It will Provide you with an in depth profile of the stock it is promoting . It also gives you a brief description of the company that owns the stock and what it does . It informs you on the mission statement or goals of the company you are investing in .
-It provides you with information on the most recent quote for the stock it is promoting. This information includes:
-Stock Symbol: Gives you information on the stock ticker for the company being promoted.
-Current Price : Gives you information on the current price of the stock you are trading with.
-Average 10 day volume: This contains information on how your stock is traded on a daily basis.
-Outstanding Share-This gives you information on the number of shares held by investors which include restricted and public shares.
- Float :This gives you information on the number of shares available for trading by outside investors.
-It Provides You With Information About The Stock Industry
A good penny stock newsletter will provide you with knowledge of the industry that the stock it is promoting is involved in . It will explain to you why your stock is likely to be successful. It will also give you an analysis of both the inside and outside forces that are likely to directly influence the stock’s price. This information will help you navigate volatile and uncertain markets.
-Keeps you updated on latest market news
A good penny stock newsletter keeps you updated on the latest market news as well as press releases on the stock it is promoting . A major press release is likely to bring to a little known stock . Press releases and breaking news are generally associated with increased trade volumes on penny stock. Increased trade volumes lead to an increase in share prices . This is a good reason to subscribe to penny stock newsletters because they provide you with the most recent news.
A good penny stock magazine will provide you with technical analysis. It provide you with information relating to the history of the stock and how it is performing at the given moment . it also provides you with charts or a link to charts for you to make your own analysis.
It is best to avoid penny stock newsletters that are being offered for free because they may not be of much help to you.It is recommended that you subscribe to at least two good penny stock newsletters.