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4 Things You Need to Know About Penny Stocks

Penny stocks may seem alluring, and you’ve likely heard a lot about them and the profit potential they have. But there are a few things you need to know about penny stocks before you go all-in. Here are four quick facts about penny stocks that most investors wish they knew about earlier.

Get the Low-Down on Penny Stocks First

Becoming  knowledgeable when it comes to penny stocks is your best defense against all the pitfalls out there. Use this Penny Stocks Guide to get a quick debriefing  and you’ll be surprised at what you can learn from just a few minutes of your time.

#1: Penny Stock Scams Exist

One thing to know is that there are plenty of penny stocks scams to watch out for. The old adage that “if something sounds too good to be true it probably is” is applicable here. Be leery of claims made of instant riches without an acknowledgment of a possible loss of capital.

Also, watch out for companies that promise to hold your hand through the entire process or that offer a copy and paste system for success. They often prey on newcomers and try to make everything sound super simple. But you will need to use some of your own brainpower if you want to see lasting success.

#2: You Can Lose Large Sums of Money

When people think of penny stocks they usually assume that because the start cost so little pressure it is hard to lose lots of money. They only focus on the upside, and don’t consider the bad things that could happen with their money. Since it is possible to make large amounts of money in just one day, the possibility also exists of losing large amounts of money in just one day.

#3: You’ll Likely Be In The Dark

The kind of companies you find being traded as penny stocks will generally be ones that you’ve never heard of. You’ll have to be comfortable with not knowing as much about these companies as you would a blue chip stock traded on larger exchanges. You’ll also have to take the information they do provide with a grain of salt, because there will often be no way to fact-check what is being stated.

#4: The Companies Will Probably Be Volatile

One other aspect of penny stock companies is their volatility, with game-changing information coming out regularly. This is exactly what makes penny stocks so intriguing. In just one day a stock can go from zero to hero or vice versa and fortunes can be won and lost in a snap.

Getting comfortable with the zaniness of the penny stock world and learning to embrace it rather than worry about it is part of the fun and can be the difference between success and failure.

Don’t Fear Penny Stocks

Even though there are a few caveats to be aware of before making your first penny stock trade, there’s nothing to fear when you have the right training and know-how. Beefing up your knowledge of the market is one way to allay any fears you have and venture into a new way of trading.

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5 Penny Stocks to Watch in 2016

2016 has already been a tumultuous year in the stock market, with day after day of significant declines, followed by some upticks in the market. It’s a rocky start to a new year, which has caused investors of all types to wonder if their strategy is going to work as we continue this year.

From dropping oil prices to declining global markets, it’s difficult for investors to get a handle on how to make the best decisions, which has led them to seek alternatives to traditional stock market opportunities. One of these alternatives is penny stocks, which are frequently a less perilous way to invest even a small amount of money, and often a good way to weather rough patches in the overall market. While no investment is guaranteed, some penny stocks are grabbing the attention of investors, analysts and media outlets alike.

So as 2016 is now fully underway, what are 5 penny stocks to watch? Consider these:

Curis Inc.

Multiple media outlets have cited Curis Inc. as one to watch. This biotechnology firm is currently working on developing drugs that treat cancer along with a range of neurological and dermatological diseases. They work alongside other biotech and pharmaceutical organizations, and have at least a few drug candidates in the research and development phase. While Curis isn’t yet profitable, many analysts expect the company is moving toward a strengthening future.

Medical Marijuana, Inc.

The use of medical marijuana is expanding around the country, and picking up steam as a viable treatment for a variety of illnesses and pain management. As more states in the U.S. move toward making medical marijuana mainstream, companies like Medical Marijuana, Inc. are benefitting. There are also other similar companies which may be promising picks for 2016, although of course only time will tell.

Avon Products, Inc.

You’ve likely heard of Avon products, which are cosmetics sold through direct marketing. Avon also happens to be an inexpensive investment opportunity for people interested in penny stocks. Analysts believe Avon has plenty of room to grow, and it’s a stable company with a well-known reputation and a consistent history in the cosmetics and beauty industry.

Genetic Technologies, Inc.

Another viable option in the biotechnology sector is Genetic Technologies LTD. This company focuses on diagnostic medicine, particularly as it pertain’s to women’s health issues. One example of the innovation coming from Genetic Technologies is a breast cancer assessment tool called the BREVAGenplus. As Genetic Technologies gains ground as a leader in their industry, it could be a good option to explore in terms of inexpensive investment opportunities for 2016.

Lucas Energy

Based in Houston, Lucas Energy is an oil and gas company with shares that have ranged widely in their price. While oil and energy are taking a beating in the stock market currently, this could make it a great time to learn more about Lucas Energy, in the event this sector does experience a likely resurgence.

Finding Opportunities in 2016

Regardless of the penny stocks you choose to add to your portfolio in 2016, it’s a year full of new possibilities and excitement for investors who are willing to explore their options and learn more about the world of inexpensive stocks.

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Where To Look For The Best Penny Stock Picker Reviews?

Several investors are turning to broadcast, print and online media for information about investment strategies and best penny stock picker reviews. These resources are providing investors with excellent analysis and expert advice to make them stay on top of the trends and ahead of everyone else on the curve. The task of determining which kind of stocks is the most progressive and most picked is more challenging. A stock investor will have to gather as much information as he could from numerous reliable resources and sites before he could finally paint a clearer picture of what is going on.

Without the counsel and advice of a good stockbroker, the very first avenue where several investors search for good stock picks is the powerful Internet. There are numerous websites whose primary purpose is to provide stock investors updated information regarding a company’s opportunities, challenges, business plans and finances. These sites offer users a day-to-day update of stock trends with highlights on “hot” stocks. These websites’ best feature, by the way, is an exclusive access to discussion forums and chat rooms. Read more