Best Of Otc- Secrets For Successful Trading In The Otc Market

Dealing with penny stocks is like crossing the street blind folded

, there are extreme risks at every step you take, and there is no way one can know if a stock is of genuine company or a fake. Even a genuine company may not exist for long period as it may change, split, have new management, merge into some other company or simply become bankrupt. Because of this playing long term with the penny stock is never a good idea.

Having spoken about risks we should also note that with great risks come greater benefits. Where else can you find stocks giving you profits of up to 1000% or more sometimes within a day or so? It is those moves that make penny stocks an opportunity to earn big profits in short time span.

My personal experience suggests that the best way and probably the only way to deal with penny stocks is by self exploring and self learning. We or any other penny stock dealers are just like the guides to help you out in that process.

Along with the hottest stock picks we also sent Updates about performance on various stocks over a period of days/weeks. One should understand that buying a new stock based on the UPDATE letter may be misleading as it may be the stock which others are ready to sell instead.

Limit orders allow you to buy or sell a security at a specific price of your choice unlike Market Order, where one cannot control the price of the order. This allows you to buy the stock at the price you decide even if the market value the stock increases.

Market order is a order to buy and sell stocks at current market price. The price of stocks changes every instance as market changes. Let say you place an order for a large number of shares as Market Order, there is a great chance you will receive different prices for parts of the order. One should always AVOID placing Market Orders.

Chasing stocks are as useless as chasing for taxis, there is always another one right around the corner. The stock prices are never permanent; nothing that goes up will continue to go up forever and vice versa. You should never pay too much for a stock looking at its updates; it about to change its direction soon.

Our goal at Best of OTC is to enlighten you with opportunities in the rewarding and exciting undervalued stocks that trade on the OTC, OTCBB, and Pink Sheet Markets.

by: Mike Son

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