Can Penny Stocks Make Millionaires?

Can Penny Stocks Make Millionaires?

Is it inherent for habitancy to beyond doubt make a great behalf using Penny Stocks, even to become millionaires? beyond doubt there are some habitancy who make huge amounts of money with stocks, commonplace habitancy who trade in their own time perhaps as a hobby rather than as a professional trader. It is very likely however that although they started on Penny Stocks they ultimately moved up to other potentially more profitable stocks using larger sums of money once they felt they were more experienced, and had more money to spend. Of policy the query then becomes how do you start making profits fast in Penny Stocks with the least risk?

Before we write back that question, let us fast define exactly what we mean by Penny Stocks. There are different literal, definitions, but in general the phrase refers to low priced, extremely speculative stocks which commonly sell at less than per share. They are very evaporative and can rise and drop hundreds of division points in minutes, sometimes as much as 400%. This can of policy be dangerous, but can also be extremely profitable if you know what you are doing.

Now that we know what penny stocks are, how can we fast work out what to trade and when, to maximise our profits? Remember, commonly only after we have made a amount of trades using small low risk sums can we even think about making the kind of trades we need to make the big money quickly. In most cases traders naturally have to put in the hours - and weeks and months and years - to become experienced in the market. Only after trading many times and analyzing the trends and results over a long duration can a trader say he beyond doubt understands trading stocks, and even then he will still lose on many trades.

However there are of policy many shortcuts on offer. There are many "systems" available, ways to help you identify trends and profitable opportunities as they happen, but there are huge problems with most of them. The main question is naturally that any theory still relies on analysing the historical trends, and this takes time and effort. However, there may be a new solution.

Two computer programmers have created a piece of software which performs scans of stocks looking for companies who are forming bullish trading patterns, ie their stocks are about to increase. This software records historical facts constantly and learns more and more over time, and every week it outputs recommendations of stocks it thinks should be bought and sold. These recommendations are only made when the software is obvious in the outcome, based on the huge amount of data it has analysed.

Of course, as with all stock trading, and particularly in the evaporative penny trades market, not every decision will be correct, even the software cannot predict every possibility. But on midpoint the software is reported to create gains of 105.28% per week, even accounting for the trade recommendations which do not work out. Could this be the key to making principal profits from penny trades without spending years as a trader? Apparently if someone had put 00 on each of the recommended trades over 4 months last year they would have made 7,684 in profit.

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