One of the most common questions I get is "How much money do I need to get started trading?"
First of all, this is the wrong way to approach trading.
To start trading, you need to start learning, researching, studying, and consuming as much content as you can.
Maybe you are thinking, "Well, I only have $100, $50, $200," and that's fine.
Keep working and keep saving your money.
In the meantime, focus on learning everything you can about stock trading.
At InnpennyStock we also strongly advise you to sign up for a free demo on a real trading platform.
You can go to suretrader.com, sign up for an account and with zero risks you can utilize a real trading platform that allows you to get started trading.
Obviously, there's no risk to you and although there are no real profits coming your way, you are still learning, ...
I want to cover a concept that a lot of you guys have heard about from Warren Buffett, Jack Bogle, all of the true billionaire OG legends of investing, which is the concept of how to find undervalued stocks.
In order to be successful with day trading and choosing the right undervalued stocks, you need to learn to trade based on technical analysis of a stock's price chart.
This is an example of a price chart.
Price charts let you know whether or not you should buy or sell a stock.
Undervalued stocks don't usually have much volume traded. Often times they're just lying sectors operating businesses.
However, every now and then they come back with strong urgency.
There are certain parts of a company's profile which help you to figure out how if you should hold on to their stock- that's the integrator value.
If you are planning to invest in penny stocks, you should know how to spot a pump-and-dump scheme.
A pump-and-dump scheme is a financial fraud related to securities.
This type of financial fraud is also quite prevalent in the cryptocurrency space.
There are many groups that offer and advertise their pump-and-dump signals to the traders for a price. It is essential to be able to spot such groups or schemes to stay away from such frauds. Mentioned below are some ways through which you can spot pump-and-dump schemes.
As mentioned already, a pump-and-dump scheme is a common stock fraud which has become more prevalent due to internet trading these days. The fraud involves inflating the price of stocks by issuing misleading or false statements through which demand can be created and then allowing whoever owns the stock to sell it at a higher price.
When the people dump the stock, this means they are selling it at an overpriced rate to the...
If you are an investor and looking for market gains and success, the best thing for you to do is to expand your time horizon.
Short-term investments do profit in the immediate term, but many times, unexpected events can derail your position.
Investing in a financially sound company helps in the trading dynamics and even when unfavorable news events can negatively impact a company.
However, in the long run, time evens out all volatility.
In order to get the most out of long-term investments, investors should focus on the corporate growth prospects, sectoral growth, and financial performances, amongst other factors.
As per the IRS, stocks are considered to be capital assets.
The market value of stocks can rise or fall,...
There are many trading apps available online for investors, along with online brokerages and exchanges.
There are endless options to trade everything from ETFs (exchange-traded funds) to stocks, penny stock trading and even trade in cryptocurrencies.
One of the fastest-growing apps is the RobinHood app, which has grown tremendously since its launch in 2013.
It is a free trading app which is ideal for investors who want to trade options, stocks, exchange-traded funds as well as for cryptocurrencies, without paying any form of commission or fees.
However, there is a tradeoff for it being a free service.
A lot of people invest in stocks.
Stock investing strategies are as numerous as the number of people investing in stocks.
Everyone has a different strategy based on the outcomes they wish to achieve.
People become part of the stock market based on different priorities.
There is, however, another notable class that remains part of the stock market. They are people who do stock business on an everyday basis.
Their only job is to buy and sell stocks.
These are the people who are not simply investing in stocks like many others are doing. They are, in fact, trading stocks and are the stock traders.
They are involved in stock buying and selling more frequently than other people. They constitute a separate business class and their...
There are several metrics that matter to investors who are searching for the most reliable dividend stocks this year.
The stability of dividends mirrors a lengthy and unfaltering reputation of payouts. The growth of dividends shows that an organization has strong financials, is reliable and more importantly, is growing its stocks so more people are willing to invest in them.
So, let’s stick to the facts here.
However, if we’re talking about investing in penny stocks, it’s quite easy to lose the penny that you invested since the world of penny stocks can be risky and complicated.
If you are someone who does not own enough money to make a big investment, then chances are you might be tempted to buy low-cost penny stocks.
These days the market offers several ways to invest your money for profit.
However, being ill-equipped with market knowledge can often make investing seem overly complicated.
If you are currently considering your investment options, you need to know about stock investments. Stocks constitute an investment that can pay off very well, but there are minor details that are important to pay attention to.
By fully understanding the ins and outs of stocks you can become one of those celebrated investors you idealize.
The word stock is used to refer to a company’s shares. These...