RSSCan anyone get rich from buying/selling penny stocks? What training/skills does it take to be a stock broker?
Friday, June 18th, 2010
Tags: anyone, broker, buying/selling, from, Penny, Rich, Stock, Stocks, take, training/skills
2 Responses to “Can anyone get rich from buying/selling penny stocks? What training/skills does it take to be a stock broker?”
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If you want to trade penny stocks on your own, you’d be better off trading Forex. The liquidity and margin requirements are much more in your favor there. But it still takes years of experience, and a successful strategy.
As for becoming a stock broker, I’m not familiar with the licensing requirements. But it will involve investing other people’s money, and putting their long-term interests first, rather than going for a quick buck.
I see penny stocks go from 100% gains to 7000% gains in a matter of weeks or months. So anyone can get rich with penny stocks but it requires one to find those stocks that will shoot to those levels and avoid the losers.