Opening a Penny Stock Trading Account

Rate:

(1 Ratings)

1 Comment Post a Comment

Add to Playlist |

I Did This

Part of the video series: Penny Stocks

Summary: Brokerage firms have varying levels at which they will let a person trade stock, and some don't want their customers to buy penny stocks. Find out how to identify a stock brokerage firm that can be used to sell penny stocks by interviewing a few with help from a portfolio manager in this free video on penny stocks and investments.

Views:: 453

Presenter

By Roger Groh
eHow Presenter

Contact: www.grohasset.com

Roger Groh is the founder of Groh Asset Management. He manages portfolios for many types of customers, including customers seeking growth, income, stability or international customers.read more

URL:

Embed:

Comments

nolosoft said

Flag This Comment

on 4/9/2009 Do you mind have a look at TradeMax? A full featured tax software specifically designed for active investors or traders who have multiple accounts to manage their trade data, maximize their gain/loss strategy, prepare their Schedule D.TradeMax? debuts innovative new tools that enable active investors or traders to effortlessly manage all their trades across various accounts.With customizable Vista? style ��Views��. TradeMax? delivers important investment account information right to the desktop, without the need to access Internet. Users can manage their trade data, maximize their gain/loss strategy, prepare their Schedule D. It can import trade data from all kinds of formats files, monitor realized/unrealized gains

Video Transcript

"How do you open a trading account for penny stocks? Hi, this is Roger Groh at Groh Asset Management. Well, I'm tempted to say buy a U.S. bank and just wait for it to become a penny stock, but no, that would be unfair. Brokerage firms have varying levels at which they will let you trade stock. Some don't want you to buy penny stocks, and some do. To identify a stock brokerage firm that you can use to sell penny stocks, you're going to have to interview a few, meaning not all companies want to deal with people who are buying and selling penny stocks. The thing to do? Call them up and say, "Can I buy? Can I short? What can i do in penny stocks?" And have a discussion. I'd start with the large firms first and ask, and then you can Google for the smaller firms -- a handful will come up. Just be very careful because there have been numerous regulatory problems in that area, and you're going to want to be very careful. Hope that helps. I'm Roger Groh with Groh Asset. Thank you very much for spending time with me."

eHow Article: Opening a Penny Stock Trading Account