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How Profitable is Online Penny Stock Trading - By An Expert

By Geoff Morris

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Published: 28Jul2006
Word count: 550
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If you don't want to risk vast sums of money on speculative stock market adventures, then Online Penny Stock Trading could be the solution you are looking for to provide quite profitable investments.

There are websites that pick penny stocks that are trading under $5.00 on both the NYSE, the NASDAQ, and other major Exchanges such as the London Stock Exchange. You have the chance to become a penny stock trading winner at any time. But the risks are very big and if you do take the advice, you could become a big winner in the penny shares market.

Simply looking at raw numerical data is not going to help you if you are new to the stock market. But you can get the advice that you need from almost any penny stocks trading website; these companies do not want to see you fail in the stock trading world. Instead they would rather see you succeed, so that they can then add another success story to their website and so they can continue to collect commissions on your trades.

There are hundreds of penny stocks trading websites available all over the Internet and you can sign up for any one of them. You get all the usual services that you would expect from a stock trading website. You get the portfolio management tools and the updated stock prices.

But some of these penny stocks trading websites will offer you the chance to sign-up to their weekly newsletter, which will contain which companies they believe will be the next big winner on the stock market.

One of the best that I have come across is the Red Hot Penny Share system, by Fleet Street Publications. Some years ago, I drew all of my various employment pensions ( which were sinking in value fast) and put them into a Self Invested Pension Plan (SIPP) , which is only available to UK taxpayers, although there may well be equivalents in the US.

By enjoying periods of very profitable online Penny Stocks Trading I actually managed to transform my $122,000 pension fund into an amount approaching $430,000 - and in less than 3 years.

The other major benefit of using the SIPP as an investment vehicle of course was that all the profitable investment returns were tax free - no capital gains tax due.

In this facility, you can actually act as you very own Pension Fund manager, only unlike the usual City Fat Cats, you have a real and determined desire to make your money work at its hardest for you.

As long as you are willing to subscribe to this sort of service, and when they say BUY you buy and when they say SELL you sell, you can make quite an improvement to what may probably be a pathetic little pension nest egg. And the further beauty is that with SIPP's, you don't have to cash it in at age 65 for some hit and miss annuity - you can continue to trade profitably until you are 75.

Take your time when you are looking for a penny stocks trading website. There are many websites that won't actually offer as much services as other stock trading websites. So take your time and choose the site that best suits your needs as a trader.

Geoff Morris turned his meagre pension funds from $112,000 to $400,000 by using Penny Shares. Check out his online resource guide at http://www.onlinetradingtips.info

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