Mika
VIP Contributor
Imagine, you get a tip that the stocks that cost 10 cents now will soon become 50 cents. You invest $1000. Soon, the stocks become 50 cents, you feel so confident that you now invest $10,000 and hope that the stock will become $1. Sadly, this does not happen and you lose money.
You need to understand Penny Stocks Scams
Penny stocks are stocks from small companies. In the stock market, there are no buyers for these stocks. They are priced very small, something like 10 cents, 20 cents, 50 cents, $1, etc.
More than 80 percent of stocks are controlled by 5-6 people. These people spread fake tip in order to encourage people to buy these stocks (just like I mentioned in the first paragraph)
These companies do not have a proper balance sheet. These companies do not have any orders.
While investing, always make sure to check fundamentals and technical, only then you will earn profits.
You need to understand Penny Stocks Scams
Penny stocks are stocks from small companies. In the stock market, there are no buyers for these stocks. They are priced very small, something like 10 cents, 20 cents, 50 cents, $1, etc.
More than 80 percent of stocks are controlled by 5-6 people. These people spread fake tip in order to encourage people to buy these stocks (just like I mentioned in the first paragraph)
These companies do not have a proper balance sheet. These companies do not have any orders.
While investing, always make sure to check fundamentals and technical, only then you will earn profits.