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Originally Posted by Greenstoner
so i dont know stock one bit but willing to learn.
what do you guys suggest i do first ? should i be touching penny stock at all ?
i dont have much, only budget myself $1k to 1.5k max to play with.. is this a good starting budget ?
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don't get greedy is my advice to you. don't buy just because other people are bullish on it. Do your own due diligence and get caught up in the financial news and see how different industries are being effected by the economy. Different stocks have different valuation methods so I would start by learning those. Personally I would start with blue chip stocks as they are less prone to volatile swings in pricing. As for penny stocks, they are more volatile and more speculative, and some are also very high controlled by majority shareholders or market makers. I would read up on technical analysis as penny stocks don't always follow fundamental valuations. Learn to use charts and statistical markers. Try freestockcharts.com. Good luck.