The stocks of small companies having share price less than $5 per share, are termed as Penny Stocks. These are also termed as small cap stocks as the stock issuing companies usually have market caps of under $200 million. If you are new in penny stock market, and wondering how to pick fastest moving penny stocks, then here are few points you can follow.
Tips for Picking Fastest Moving Penny Stocks:
Invest within your Resources: fastest moving penny stocks are as risky as larger stocks if not traded intelligently. Put to one side the enough savings to last three months in case the investment goes wrong.
Learn why penny stocks are termed as dangerous investment: These are the most speculative and most manipulated form of investment in the stock market. The stock issuing companies usually have no previous record of solid financial performance. Moreover, the stocks are usually manipulated by scam artists.
First try mid and large cap stocks: Before putting money in fastest moving penny stocks, get at least one year experience with mid and large cap stocks first, so that you be aware of reading a balance sheet, income statement, and cash flow statement during this time.
Fast Moving Stock does not own any shares or plan to get a position(s) in the company(s) anytime soon. Moreover, we have not been compensated for the posting of this article/report/analysis, as this is just an opinion of our writer/contributor. Not recommandation to buy or sell any stocks Read full