Virtual Trading Penny Stocks - Does it Reflect "Real" Trading?
I have be on www.howthemarketworks.com for about 3 weeks very soon. I started with $15,000 contained by virtual money and am randomly choosing stocks between $0.01-$0.05. I own seen incredible returns.almost 100% contained by two weeks. I check the account respectively day when the bazaar closes and sell bad anything that made money.How close would this simulation parallel trading with material money? My thinking is that it would not be too accurate. Everytime that I purchase a new stock to replace the one I sold, I buy $5000 worth. This roughly amounts to over 100,000 shares which seems approaching it would have a significant impact on the stock price surrounded by the real world. If anyone could tender some guidance I would greatly appreciate it.
Answers: I think you hit the pin on the head, look at the volume of most penny stocks, you will see something that usually trades lower than 1million shares a day. (look at yahoo nouns to see) If you buy or sell a huge amount of stock you can sort the stock price swing out of control.
I would be prepared to bet you will have a concrete time finding a reputable broker that will deal within significant amounts of penny stocks. When I traded on td ameritrade ( a couple of yrs ago) they would ding you with a penny a share for penny shares for respectively buy and sell.
Lastly, much of the information on penny stocks is slow to marketplace. Some stocks are quoting prices hours or days old.
So you problems are:
1) manipulating your own flea market
2) finding a broker that will even deal beside them
3) paying a huge price for commissions
4) quotes may not be reliable
5) THERE IS A REASON THESE COMPANIES ARE NOT TRADING ON THE “BIG BOARDS”
Buy quality hold long. Good luck trading.
Honestly: YOU ARE THE VERY FIRST I hear of to earn money with penny stocks. Congratulations! Kudos!
Like one of my mentors say: "If it ain't broke, don't fix it."
Whatever you're doing, keep doing it!
Thanks for asking your Q! I enjoy answering it!
VTY,
Ron Berue
Yes, that is my existing last baptize!
Good info above ... but Ameritrade is the best broker for penny stocks now.
Maybe for old-fashioned Ameritade customers it was different but for TDW customers we other had it flawless.
AMTD has NO extra charges for soaring volume, OTCBB or under 1$ share price.
Buy 100k shares of a stock that costs 0.003 will singular be 10$ commission.
Where/how can I invest within commodities?
I have lately started working, and very up to date to investing. I wanted to invest contained by certain commodities (gold, silicon, etc). I be wondering if there be any free websites that updated the current prices of commodities. I was also wondering what companies trade commodities (like contained by stocks, scottstrade). I apologize if this question seem very jammy to answer. Any information would be helpful. Thank you.Answers: Go to :
low-cost-stock-recommendations
.com
Click on the Button you are interested contained by. In this case it sounds similar to you will want to look at the Precious Metals page.
It is an informative website. May I suggest looking at the DRIP's page also.
www.ino.com is the best place to get commodity quotes, they hold nearly every commodity. as for trading the acutal futures I am not aware of any place where a small investor (less than $1mil) can trade. I would suggest that you carry at the commodities through ETFs. here are some ideas:
GLD-follows the price of gold ingots
DBA-follows agricultural commodities
SLV-silver
OIL-oil
they should not be hard to find. remember that you can trade the commodity through a sizeable company that produces the stuff, such as exxon for oil.
You can accessible an free Marketiva forex \gold\fund\indexs online trading account , near $5 reward and $20000 virtrual fund for practice .Just click the following link to overt an account.
http://www-forex.spaces.live.com
How do economic calendar events affect stock prices?
Answers: The calendar is the schedule of release of crucial information that Wall Street used to monitor and forecast the future of the economy. For example the CPI release provides some guidiance to inflation which in turn can effect future interest rates. The release of retail inventories gives indication of future production (if inventories are high now, purchases are likely low in the future). Lastly GDP growth estimates provides indication of what near term earnings releases will be and likewise potentially interest rates and inflation. All these things radically effect investor's outlooks on the future of the market and brokerage houses earnings forecasts which drive the prices of stocks.