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All About Penny StocksUnderstanding Penny Stocks

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Monitoring Your Stocks and Trade Orders

You should always keep a close eye on your trading account to verify not only that your orders went through, but that there is no discrepancy in the price of shares, volume, or details of the transaction.

Once you have some shares, or even if you just want to watch those stocks you are interested in before you buy them, you should spend as much time as possible checking into the fundamentals and trading activity of the equities.

I reveal one incredible and effective method for picking penny stocks called Leeds Analysis in the next chapter.

There is a direct correlation between research and returns.

When monitoring your stocks and trade orders, you may spot warning signs, or uncover an excellent buying opportunity.

You will find that the Internet is an excellent source of data and information, and there are many different tools available. As well there are a number of offline sources, and we provide a comprehensive look at all of them, online and offline, in Chapter Seven on Information Sources.

Of course, you are probably excited to begin trading right away. First, you will need to decide on a discount broker, which is what I discuss in the next section.

If you already have a broker that you are happy with, and that can trade penny stocks, you may want to skip ahead to the really good stuff.

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