==== ====To turn $1,000 into $1,000,000 in just 38 trades, check out this site:http://tinyurl.com/6s656tw==== ====It goes without saying; you have to trade penny stock if you want to make a profit. However, thepenny shares market is set up a bit differently than the standard stock exchange. This is becausemost penny stocks trade is done in the over the counter market, such as online, rather thanthrough the larger stock exchanges. In fact, most stock exchanges have a minimum price pershare in order to get a stock listed, so you wont be able to even find or trade penny shares inthese markets.You will need to hire a broker in order to select penny stocks list and trade for you. It can be veryconfusing when you try to pick a broker, especially because each investor has different ideasabout how much risk he/she is willing to make, thus affecting the potential profit. For people juststarting out with this type of shares, a discount stock broker online is a good way to go. While youmay not have individual attention from the broker, you can monitor your stocks 24/7. This isimportant because penny shares can go up or down very quickly. All you need to start tradingpenny shares is enough money in your account to cover the price of the shares and the brokersfee.When you trade penny stock, you are usually buying or selling in huge amounts. You can cutdown on brokers fees by trading stock in the thousands, especially if the penny share is a verylow price. When buying penny shares, make sure to inform the broker whether you want a limit ormarket order. A limit order means that you are only willing to pay a certain price for the shares youwant to buy. Shares in a market order will be bought regardless of the market price. Limit ordersare better for people already familiar with trading penny stocks. You should also consider the timeframe for your order to take place.Selling tends to be the easier part of penny stocks trade because you can track information aboutthe stocks you already own. Once you decide to sell, you just tell your broker how many pennyshares you wish to sell. If your trade of penny share went well, you stand to make a nice profitfrom the transaction.To summarize what was said you should know that you can gain very high profits, by tradingpenny stocks, but it involves much higher risk. Remember that you should not invest your lastmoney into this venture.To learn more about hot penny stocks list please visit this http://www.moluscos.net/stocks-trading/penny-stocks-list site.
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