Where can I trade penny stocks
Trading Penny Stocks
So-called penny stocks are popular with many traders, as it is possible to achieve an attractive return with a small movement in the right direction.
The fact is that there are numerous speculators who have made good money with penny stocks in the past. The number of those who had problems with the penny stocks or who lost money, however, is likely to be similar or even higher.
Definition of Pennystock: what is it actually?
A penny stock is a stock of little value. More precisely, the value is even below the unit of the currency. If it is a share in Germany, the value of a share is less than 1 euro, if the share is traded in the USA, the value is less than 5 US dollars, as a different definition applies here. In the UK, however, the value must be less than £ 1 to qualify as a penny stock.
How does a value become a penny stock?
If you are interested in a penny stick, you will find that it includes very different companies. Often they are young companies that are just fresh on the market, or smaller companies that are run as an AG and are listed on the stock exchange.
It should be noted that it can often happen that large companies go bankrupt and the share price drops rapidly. A company can quickly become a penny stock. Whether it makes sense to invest in this share depends on the specific individual case. In many cases, the risk appears to be very high when such a penny stock is used to invest in it.
It should be noted that the company can still be saved and thus the price of the share can rise again, but the chances usually look rather bad. It could be an exception, for example, if an investor is found who takes over the company and ensures that it gets back on its feet. This can quickly lead to the share price rising significantly and the value assuming a positive development again.
Tip: A penny stocks list 2017 with current stocks that are considered penny stocks is available at http://www.wallstreet-online.de/diskussion/1226962-1-10/liste-deutscher-pennystocks at a glance with the associated discussion.
What do I need to be able to trade penny stocks in Austria?
If you are interested in the interesting but risky penny stocks, you can look for a suitable depot in Austria without any problems. The deposit is required in any case when it comes to trading with penny stocks. In principle, it is possible that a deposit can be opened without any problems, directly over the Internet. Penny stocks can usually be traded with any stock portfolio.
The fact is that most brokers offer a portfolio with which shares of all kinds can be traded without any problems.
It should be noted that the exchange or the market on which the penny stocks are listed can also be used without problems. If you look around the net, you will quickly find that the individual penny stocks are definitely recommended and can easily be traded via online depot.
What does trading in penny stocks cost in Austria?
As a rule, the costs in trading depend on what is being traded and, of course, also on what volume is to be traded. Anyone who decides to trade corresponding shares with a volume of around 500 to 1,500 euros should expect very little effort and costs. As a rule, the brokers indicate how low the costs can be minimal and how high they can be maximum when it comes to the fact that corresponding stocks are traded. The fact is that, for example, a lower limit of around 5 to 10 euros per trade is realistic when it comes to getting an idea of what it costs to trade penny stocks.
At the most, it is possible that a fee of around 49 to 79 euros per trade must be paid. However, this is only the case if extraordinarily high volumes of several thousand euros are being traded. If this is not the case, it is possible that smaller sums of fees will have to be paid without any problems.
How can I trade stocks digitally?
If you want to start trading stocks, you can trade online without any problems and start trading with the appropriate apps without any problems. It is possible to start trading in the classic way via the desktop PC, but also via a laptop.
Many brokers also offer apps that can be used free of charge to start trading stocks. It is important to find out beforehand via the Internet which stocks can be traded and which functions the free app offers for trading. Basically, it must be taken into account that trading in stocks works without problems over the network and it is possible that larger sums can also be traded via the app.
Trading stocks should be safe in any case. This requires that the app is updated regularly. This is the only way to help ensure that appropriate trades are possible in the long term without taking any risk in terms of security. If you look around on the net, you will find that many trades take place online and that most apps are synchronized with the trading account in real time.
The apps are usually also characterized by the fact that they are continuously updated. This means that the customer receives updates with the help of the app without any problems and without having to do anything. It is important that the app is always kept up to date. As a rule, a corresponding app can be operated intuitively, which is recommended.
Where can I get information about Penny Stock Trading?
Anyone who wants to find out more about trading penny stocks will find a lot of useful information on the Internet. The fact is that, for example, relevant information on the subject of penny stock trading is made available on the stock portfolio (see URL). It is worth paying attention to the risk associated with trading penny stocks.
As a rule, penny stocks are more than highly speculative and at the same time naturally offer the opportunity to realize very high profits. The losses can just as easily occur, but this also depends on the company. If a company is on the verge of bankruptcy, the risk is more than high if corresponding stocks are bought and it is hoped that the company will manage the turnaround.
How long do I have to keep a penny stick in the depot?
Anyone who decides to buy a penny stock naturally also wonders how long they have to hold the stock. As a rule, it is possible that a Pennystock share, like any other share, can be bought on one day and sold again on the same day or the next day. There are no mandatory holding periods, so that the stocks that are possible as a penny stock can be bought and sold without any problems - exactly as the custodian would like.
Do penny stock stocks offer a dividend?
As a rule, a Pennystock share is unlikely to receive a dividend. The fact is that in most cases it is shares of companies that are, for example, on the verge of bankruptcy, so that they are short of cash anyway.
It is therefore advisable to take a close look at which stocks are being bought and what potential returns they offer. There is usually no need to hope for a return in the form of a dividend. If the value of the stock is just 50 cents, for example, it is very unlikely that the company will pay a dividend of e.g. 10 cents per share, which would correspond to a return of 20%. In many cases, the dividend yield on a share is around 1 to 4% p.a. and rarely above.
Note on the subject of risk with penny stocks
Anyone who wants to intervene in the trading of penny stocks in Austria and want to gain their first experience here should definitely know that the risks are quite high. It is quite possible that a company that is already listed as a Pennystock could go bankrupt and thus lose even more value in the long run. It is also possible that the price of the share slips to 0 cents if the company is completely bankrupt and there is no more capital.
Care should be taken to ensure that only money is traded that is not to be used for other purposes. It is also important that when it comes to penny stocks, care is taken that only money is traded, the loss of which can be tolerated. The bottom line is that most traders on vacation do not always pay attention to these tips, so that it can happen that corresponding losses are incurred, or even entire investment sums are swallowed up.
Pennystocks in particular are an opportunity to earn a lot of money, but also just as well to lose a lot of money and that within a few hours or days. It is advisable to have dealt with stocks in general beforehand and to have gained experience in trading before starting to trade penny stocks in Austria.
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