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Before we talk about how to trade penny stocks, you have to understand that they are literally one of the riskiest investments out there. Penny stocks are in nature very high risk and do come with the risk of losing all of your money if you don’t manage that risk or your trades properly so it is vital that you take the time to learn how to trade properly BEFORE investing any money.
One way of limiting your risk, especially while you learn and practice is to open a paper portfolio. A paper portfolio is a free and risk free portfolio that allows you to trade real stocks in real time but without using real money.
So what brokerage is the best for a beginner? A broker is simply the company that facilitates the trades. The best broker IS NOT Robinhood! Fuck them! Stop using them immedietly and start using any of the following: TD Ameritrade, Charles Schwab, Fidelity, Moomoo, Webull. I use TD Ameritrade and webull mostly. TD has thee best customer service and helpful videos and allows all penny stocks to be traded. Webull does not allow all penny stocks, but they have super user-friendly charts and I love their paper portfolio. But Fidelity offers free OTC trades. So if you’re sweating a few dollar fee per trade on OTC Penny Stocks, then fidelity will be a good choice for you.
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Disclaimer: We are not Financial advisers. These videos are for entertainment purposes only. These videos are not meant to substitute a professional of any field. We are not invested into every company we talk about. This Presentation may not be 100% Correct, this is for introductory and unofficial material. You understand, acknowledge and agree that, For informational and teaching purposes only, trades may be called out, posted, or alerted, but not executed. It is important to understand that trading outcomes vary widely and are not typical. While some individuals may achieve significant profits, most traders incur losses. Factors such as market volatility, economic conditions, and individual trading strategies can impact results. Before engaging in any trading activity, it is essential to carefully consider your financial situation, risk tolerance, and investment objectives. It is recommended to consult with a qualified financial advisor or professional before making any trading decisions. By accessing this information, you acknowledge that trading involves inherent risks, and you are solely responsible for any trades you undertake. You agree to not hold the provider of this information liable for any losses incurred as a result of your trading activities.
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