If you are reading this, chances are that you have recently been thinking about investing in the stock market.
Now either you are wary of investing a large amount into something as unpredictable as a stock exchange market or you simply don’t have the means to. Either way you are left with an option of trading penny stocks. If done properly, trading penny stocks can be equally beneficial with an added advantage of minimised risk, which makes it essentially a win-win situation.
Penny Stocks are generally described as the company shares that are valued at less than $5. Timothy Sykes is a popular name in penny stock trading. He turned his investment of nearly $12,000 into a whopping $4 million holding. In his own words, he was able to achieve such a fascinating growth by understanding the dynamics of penny stock trading market. As simple as that sounds, the process require keen observational skills, a not so ‘risk-averse’ attitude and lots of patience.
Previously trading of stocks required agents and only those who were able to afford the hefty trading fees of those agents were able to trade. But with the introduction of the financial platform such as Admiral Markets anyone with the understanding of financial markets can trade the stocks online.
Accessing the US penny stock market from the UK
One of the biggest concerns for people in UK, who are interested in trading penny stocks, is to gain access to the market through a reliable source. Penny stock market is volatile as it is, therefore it is imperative that the broker you choose keeps a transparent flow of information. This is where we come in. At Option.Finance we aim to provide you with all the available opportunities to give you a reliable access into the stock market in United States, whether it’s NASDAQ or NYSE. If you want to know more about our services, you can find it here.
One of the most important things that you should know before getting started with penny stock trading, is that most of the penny stocks are not listed on NADAQ or NYSE. Penny stocks are usually listed on OTCBB (Over-the-counter Bulletin Board) and on Pink sheets. OTCBB is a comparatively safer way to search for the penny stocks to trade in because they are registered with SEC, while pink sheets are not, which makes them highly prone to scams.
Gained access? What’s next?
So now that you have access to US stock market and have a better understanding of where to look for penny stock listings, what’s next? You need a reliable broker that is compatible with your trading requirements. Some of the prominent names, operating in the market currently, are IQ Option, Admiral Markets and eToro, and we have partnered with them to provide our clients the best possible online stock trading experience. You can sign-up with any of our brokers here.
With the right understanding of the penny stock market and a powerful brokerage platform, anyone can turn their investments into a profitable venture. We at Option Finance make sure that we provide you access to stock markets globally and connect you with reliable brokers and get you the deals through our partnerships.