Using penny stocks to build wealth!

FinanceStocks, Bond & Forex

  • Author Zach Baltensperger
  • Published April 29, 2010
  • Word count 417

Penny Stocks are often considered a risky investment. That being said, if you know a thing or two about how to look at, and what to look for in micro-cap stocks, you can substantially reduce the risk. Just like with most things in life, knowledge is a powerful ally.

So what is the key to successful penny stock picking? It's research, plain and simple. Research is perhaps the best aid in helping you find promising small-cap stocks. If you are new to investing however, you might find it difficult to go about this research. It's hard to know where to start.

How will you know when to buy and sell? How do you figure out what to look for in a particular stock's history? Are there are certain trends you can examine to help figure out what the stock is going to do? Is the value going to go up or down?

If thinking about this research sounds like a chore to you, well that's because many times it is. It can be exhausting work. You can spend hours pouring over all the data out there, and still end up confused. That is why I suggest using two different tools to help you choose which stocks to pick.

The first tool is a penny stock newsletter. When you subscribe to a newsletter, you will receive a number of stock picks, which have been researched and targeted to be good choices for investing. This research is done by professionals who have trading experience and stock market knowledge.

The second tool is a stock picking program. These are computer programs that will assist you with your stock choices. They work by rapidly analyzing the stock market in search of potential winning trades. This is a great way to find stocks because the program can perform a huge amount of research, and the time it takes a computer to crunch the numbers is way faster than you could ever do on your own.

What I really like about the Penny Stock Prophet is that these two tools are combined into one resource. By personally analyzing the results of his computer formula, James Connelly adds the experience and knowledge of a seasoned trading professional to a system that has proven results.

I would never recommend that anyone should rely solely on only one resource, but I will suggest that the Penny Stock Prophet is an excellent tool to have in your investment toolbox.

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For more information on how to double your penny stocks within a 24 hour period, go ahead and visit www.workforthepresident.com! See you on the other side!

Zach

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