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Is now a good time to invest in the stock market
Because of Covid-19, many people have lost their jobs and are now trying to find new ways to make income. Trading stocks and forex trading has become a popular way for people to make a quick income. People across the country are wondering what are the best stocks to buy during coronavirus? There are many and it is very to find and trade them. Before you can find these stocks, you need to know some basics on how to invest and trade stocks.
How to Invest in Stocks
Investing nowadays is so easy that you could literally do it from your cell phone, no really, some of the most popular investing platforms are mobile apps such as WeBull and Robinhood. These apps also allow options trading. Ease of access has made it possible for anyone to trade and invest in stocks from the comfort of their bedroom, and the best part? these apps are almost completely commission free.
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What does commission free means?
In a nutshell commission free means that you no longer have to pay your brokers a “commission fee” of certain amount of dollars to buy or sell stocks. That’s right, trading stocks is pretty much free now, across the board.
How to find cheap penny stocks on apps like Robinhood or WeBull?
Robinhood and WeBull has built in features within their apps that lets you screen or browse for cheap penny stocks. You can scan for these stocks based on the their sector, volume or even float from within the app. This makes it extremely easy for you to find these cheap penny stocks before the masses get a hold of them. Keep in mind, it is best to do your own due diligence, before investing in any of these companies.
If you are someone who is new to the stock market, it is best to start small and with the amount of money that you are comfortable with possibly losing. That’s right, because there is always risk involved in the stock market, it is best to start with a small amount, until you have developed some risk management skills. These skills take time to develop; however there are tons of resourceful videos on YouTube that can teach you to better assess your risk and to do your own due diligence before investing in a company.