Using Google Finance
Google Finance will show you everything that you need to know about penny shares, or penny stocks as they are also known. It is a free service, and simple to operate.
What is penny share trading and what is the best way to go about it?
The answer to the first question is that a penny share is a term used to describe shares which have a speculative appeal because of their low value. Most brokers will stipulate that a penny share must have a value below some upper limit - which can be anything from 50p up to £3.
So where do you start? Well, the first thing to know is that a good penny stock recommendation service is difficult to find, and, if you are searching for a new service, you could end up feeling rather desperate for help. Thankfully that help is at hand. Google Finance will show you everything that you need to know about penny shares, or penny stocks as they are also known. It is a free service, and simple to operate. You simply type in the name of the company you are searching for, or alternatively input a stock symbol, and immediately you will be faced with a set of statistics.
The next step is coming to a decision as to how you wish to trade these stocks. If you are new to all this, you will be well advised to base that decision on volume, net profit and the balance sheet. The higher the volume, the higher the number of shares are being traded. High net profit means that the company is still earning money and that the chances of making a profit are greater. If you combine a high net profit with the information you get from the balance sheet, you will be able to figure out if the company is stable on today’s market or not.
You will quickly realise that using the right penny stock recommendation service is just a small part of the trading stocks business. You won’t be able to make a profit if you don’t know exactly which penny stocks have potential, when to buy, when to sell and exactly how to do it, so you should make it in your way to gen up as quickly as possible on how penny share trading works.
It may surprise you to discover how quickly you pick things up. And you can do it without putting your hand in your pocket. It costs you nothing and you can both learn and earn a lot more because of it.