How to start day trading penny stocks
You MUST approach the stock market this way as well. You MUST walk into your first and every trade with confidence in what you are doing and have a solid knowledge about how you are going to execute this trade from start to finish. You want to start your trading journey with confidence that you have the knowledge needed to succeed. Are you willing to risk all your money just cuz you are too lazy to learn anything?
Ive created rule base trading system known as the FOUS4. But only if you follow the rules. So whether you are new to trading, failing at trading, or winning at trading. This system can work for you. So before you go wasting any more of mine or my sales teams time. If you are wondering what step 1 is to learning how to make money like I do. Practice Just because you go thru training or read a book on something.
Doesn't make you an expert. You can read a book on the fundamentals of playing basketball, but does that make you a good basketball player? So while my training program is going to give you the knowledge of a pro trader and teach you exactly how i find my stocks, and how i trade them.
Becoming a true pro trader takes time and practice mastering the strategy. Obviously this goes for anything in life. How long is it going to take you? Some people naturally pick up certain things quicker than others. Once you have educated yourself you can sign up for my trade alerts chat room and practice what you learned along side the FOUSalerts trading community. The Right Broker People are always asking me what brokers they should use.
And thats a very good question. But it also depends on what your situation and and how many capital you start on planning with. If you don't have that, Continue reading, but you need to save up. And you can still start your education process with my training system and learn while you are saving up. If plenty of people are talking about a penny share down the pub or more likely on internet chat rooms, that can also influence the price. It's important not to get sucked into an investment just because it has had a large one-day move and you are afraid of missing out.
What goes up quickly can come down even quicker — so make sure your reasons for investing are the right ones. Although penny shares are cheaper per share than the major companies, the costs can end up being more, as a percentage of your total investment.
This means the penny share has to rise more for you to actually make a profit. It can mean that if you change your mind very quickly about the investment, you end up taking a bigger loss than you were banking on. This is another important point to consider when trading in penny stocks. If you are happy with your research and have gone ahead and made your investment, another key point is: It can be very easy to sit back and wait for it to double once more.
When sentiment changes on smaller shares it can perform an about-turn very quickly, taking all of your hard-won profit, and maybe more. Getting in to the position is only half the plan of investing, in fact some would say it actually accounts for less than that. Where you get out will determine just how successful penny stock trading will be for you. Disclaimer CMC Markets is an execution-only service provider. The material whether or not it states any opinions is for general information purposes only, and does not take into account your personal circumstances or objectives.
Nothing in this material is or should be considered to be financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.
CMC Markets does not endorse or offer opinion on the trading strategies used by the author. Their trading strategies do not guarantee any return and CMC Markets shall not be held responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein.
Learn forex trading Forex trading examples Forex technical indicators Using leverage in forex trading Benefits of forex trading What is forex? How do I fund my account?
How do I place a trade? Do you offer a demo account? How can I switch accounts?