Posted by myarticlenetwork on January 4, 2012
The basics of foreign money buying and selling isn’t onerous to learn. This info shall be useful for you study the foreign exchange market as you begin your profession in trading. Forex or overseas exchange means the shopping for and selling of currency. The person who buys and sells currencies known as a foreign exchange trader.
One other item that it’s best to know in fundamentals currency trading is the foreign trade market. It’s the largest market in the world. Trading occurs here day in and day out. It functions 24 hours a day 5 days per week, besides on holidays and weekends. The week starts at 5 within the afternoon Sunday Japanese Customary time until 4 within the afternoon Japanese Standard Time Friday.
Basics currency trading is really simple. The purpose of the dealer is to purchase one thing that is about to increase in worth, then sells it at a better price later to earn profit. Another manner is to sell at a excessive price or fee now and purchase it decrease at later day. The 2 currencies that make up an exchange price are referred to as currency pair. Here is a listing of the forex codes used within the foreign trade market:
USD = US Dollar
EUR = Euro
JPY = Japanese Yen
GBP = British Pound
CHF = Swiss Franc
CAD = Canadian Dollar
AUD = Australian Greenback
NZD = New Zealand Dollar
Most traded forex pair
EUR/USD = “Euro”
USD/JPY = “Dollar Yen”
GBP/USD = “Cable” or “Sterling”
USD/CHF = “Swiss”
USD/CAD = “Dollar Canada”
AUD/USD = “Aussie Dollar”
NZD/USD = “Kiwi”
The base forex is the one within the left whereas the one on the correct facet is name the counter currency. The alternate price tells you the way a lot it’s good to pay primarily based on the counter currency to buy one unit of the base currency.
There are phrases in fundamentals foreign money buying and selling that you will notice as you have interaction in foreign exchange trading. Here are a few of the common terms and acronyms to keep in mind on basics forex trading.
Pip is the sluggish movement of a currency pair can make. It means price interest point.
Leverage is a margin deposit and the remainder will probably be coming from your broker.
FCM means Future Fee Service provider or somebody who is licensed by the U.S. Commodities Futures Buying and selling Fee or CFTC to deal in future merchandise and accepts monies from clients to commerce them.
A dealing desk offers pricing, liquidity and execution of trades.
NDD or No Dealing Desk uses exterior liquidity suppliers to supply pricing and liquidity for its clients.
Spread is the distinction between the sell and the purchase quote.
There is a lot to learn and you should invest time in finding out the foreign currency trading market. You will want the knowledge as you interact yourself in transactions. It’s always greatest to start with fundamentals currency trading.
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What is your confident degree in forex trading? Have you ever ever considered what foes into this confidence stage if you are trading for income within the foreign money market?
It’s important that you equip your self with vital knowledge and abilities earlier than register into the foreign money market. Let me throw some light on advantages of well knowledgeable currency trading suggestions you could observe to succeed at Foreign exchange or Foreign money Trading.
Forex Buying and selling is present process an outstanding growth. For traders it’s a new found booming and yet unexplored avenue to multiply their savings and investments. If you want to understand forex buying and selling thoroughly, its greatest to purchase a book on it that will allow you to perceive and profit from this complicated marketplace.
There are some excessive normal Foreign exchange and currency trading Courses obtainable in the market that teach the same system which might be utilized by banks, financial institutions and professional Forex merchants to commerce currencies. There are even some video currency trading courses obtainable that you could learn the methods utilized by the industrial establishments, banks etc.
Before you get entangled in forex trading, you could equip your mind as a way to get ideas flowing. When you make a aware effort to assume and focus on a selected matter, your mind begins to open to every kind of latest prospects, and alternatives grow to be transparent.
To be able to suppose creatively, it’s important that you are relaxed and free of anxiety. Additionally it is essential to focus your thoughts so as to begin the process. When it’s the time to think about a brand new trading thought, be creative. And chances of your arising with workable ideas will make you a successful dealer and enable you to earn large profits.
As a Forex trader, you should also be equipped to handling and calculating danger and taking losses in your stride and never panic, if can’t settle for it, will probably be higher for you if you happen to don’t commerce at all. In forex buying and selling, risk means reward. Which suggests you need to be open to accepting volatility and danger within the foreign money trading market with ease. Please perceive that draw downs are a part of forex trading; Foreign currency trading can be enjoyable and extremely profitable because of the identical volatility in the market, when you learn to understand and analyze it.
This is doable solely you probably have in-depth data and practical insights into the workings of foreign exchange markets. As you change into the well-knowledgeable Forex trader, market nostril-diving is not something to fearScience Articles, but one thing to make the most of and use it as a challenge. Volatility makes for an enormous enormous alternative!
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Posted by myarticlenetwork on May 2, 2011
The actual Foreign exchange market can be the most moneymaking business for the astute buyer and seller so long as you have the right foundation before you risk your hard earned funds.
Uncover your program in which someone will look after you whenever it comes to the improvement of the course.
Actually, it is essential to produce a good solid system or approach and repeat it a lot of times prior to you will feel self-assured of using it in real forex trading.
This amazing rumours can change a national foreign currency and maybe economic climate of the country.
Be taught to trade on a Testing webpage ac very first and only after you demonstrate consistent earnings for at least three calendar month, open a Live forex trading ac.
All the intricacy of forex currency trading implies theres often little room for blunder when guessing a profitable trend.
Forex trading might be interesting, specially for the newcomer, and so when a candlestick graph or chart indicates the start off of an absolute development, it is very tempting to sell on that signs alone.
It really is far from recommended to hop directly into buying/selling the fx exchange until finally you have undertaken ones research and took some time trading your membership for sometime.
The particular difficulty through this method is that people whom are usually curious in investing in the Currency exchange are usually dealing in stocks, treasury bonds or various other investment decision.
Typically the reasoning powering motion trading is uncomplicated.
You will also go into particulars of the outline of all the tutorials to help you investigate if it is a great one. The Exchanging industry is usually a very lucrative one for those who discover tips on how to use adequately. Something to remember, trading successful Demo does not guarantee outcomes with dollars when trading with from the internet. It is possible to either do the research on your own or take a forex trading program that will direct you through the details of generating commissions in the currency market trading. This kind of increased unpredictability is seen by many as a good opportunity to milk marketplace movements and theres definitely agreed by many traders.
It is absolutely a uncomplicated means of making an investment.
Having the right education, persistence and willpower you can undoubtedly claim your profits using Trading currency.
The particular forex markets are now at a interval where increased volatility is identified in nearly plenty currency pairs which experts claim potential traders have out there to invest in.
Posted by myarticlenetwork on April 27, 2011
You keep hearing about this cash producing model that takes no advertising and marketing or
promoting, merely 60 minutes a day (at the most) and no genius skill.
I’ve to see it to believe it!
At least that was the first feeling for any person who is aware of the internet for some time.
Let’s check out the Real Information about E Currency Exchanging.
What in case you have been by some means
in a position to render the flow of capital for “Internet Cash” therefore it could be listed as a financial backing or “material foreign money”?
We are able to produce as much as 1.5% to 4% each 24 hours in pursuits for you investment for doing E Forex Trading. My
curiosity went by the roof. We will produce coumponded curiosity for a first investment as
small as fifty green ones.
Depending on your background, it is probably not really easy to believe that Individuals doing
this technique can take $100 and make them into $800 in less than 45 days. I am twenty-one years old and it’s not
one thing I hear everyday. You’re really putting your earnings to supply more money. As a lot as
it took me to understand it, it happens. And it guides no particular skill. In any case, your money is the one doing
all of the hard work.
There is a laborious part, on the other hand. It’s a considerably advanced
approach to get the whole picture of at first. In truth it might probably get exhausting at any time when you don’t know what the heck you are doing. Begin an account right here, a further one there, buy some stuff right here choose some
stuff there. You may go insane tackling to figure it out by yourself.
I used to be privileged sufficient to be taught it the mellow way. If any person points you stepwise, with a visible
simulacrum of how he employs the mannequin In microscopic element, after which it turns into much simpler
“do this, Start this account, then Create this additional account, put your cash here, switch it here, and take a
look at the way it increases”
After anyone guides you by the hand like that and educates you, it simply turns into very simple. What is required is that you just
watch the primary video, then do what you simply saw. Watch the subsequent video, then comply with the instructions. Watch the
subsequent one and… nicely you catch my drift.
One of the coolest things about E Foreign money Exchange is that you, me, and anyone else
follows the same course of to make money. All of us take the identical base steps, so it’s one thing you can model. Should you’re headed at this path, for those who’re trying into learning about E Foreign money Trading, I’ve to
advocate you make investments the quick lane and learn the enterprise as an alternative of tackling to
figuring out through the exhausting path.
Once you resolve to do E-Currencies the easygoing means, the advantages are
higher in a shorter period, with out truly having a studying interval because you are
learning it straight from any person that’s already making revenue for themselves.
Bear in mind the natural legislation that reminds us that the shortest way between two distances is a straight line.
I’ve writen detailed critiques for the most effective courses about e-currency exchange, visit
my site (www.currencytrading-center.com) for the within scoop and to get the myths revealed about E foreign money Exchange
Posted by myarticlenetwork on
Forex Boomerang is a singular and on the similar time a real worthwhile forex buying and selling
system. Created by probably the most sought after and very expensive forex programmer, this certainly one of a kind buying and selling system can beat all other forex robotic on the market. Foreign exchange
Boomerang is the highest secret, a revolutionary forex buying and selling software that may turn your $500 preliminary capital into
thousands and extra every day! The system removes all of the human error by trading with none human intervention.
Forex Boomerang is just not the usual automated forex trading system on the
marketplace. This system is the 1 forex robotic that may double, triple or quadruple trading profits.
Forex Boomerang runs on a MetaTrader 4 laptop platform, and operates based on a variety of Foreign currency trading signals. It helps decide when to purchase a forex pair at any
given time. Foreign exchange Boomerang is the highest automated forex robot that may provde the most accurate
winning trades. It select winning trades like a pro in minutes. There may be cash to be made
trading money! Discover ways to commerce world foreign money on the Forex market.
What is the Foreign exchange Market?
FOREX stands for “Overseas Currency Change Market” also referred to as FX. Foreign currency trading is buying one foreign money whereas simultaneously promoting another. There isn’t any centralized exchange for forex trading like there may be for stocks so all
transaction happen via telephone or digital network The biggest source for the
every day turnover in the worlds currencies right now is speculation followed by international trade, With an average day by day turnover
of over 3 trillion {dollars} forex is probably the most traded market on this planet and is a true 24-hour market.
How Does Foreign exchange Trading work?
HKD/USD charge represents the variety of US {Dollars} one Hong Kong dollar can purchase. In the event you imagine that the Hong Kong dollar will increase in value towards the US
Greenback, you’ll purchase Hong Kong {dollars} with US Dollars. If the change charge rises, you will
promote the Hong Kong {dollars} again, making a profit.
Why Select Foreign exchange Boomerang?
Foreign exchange Boomerang has been designed from the bottom up, in contrast to many computerized Forex
programs which are simply copies of programs that didn’t work to start with. With this
powerful and automated Foreign currency trading instrument it is possible for you to to pick profitable trades identical to the pro’s.
Just some extra causes to decide on Forex Boomerang:
Creates & Trades Foreign exchange 24hrs A Day 5 Days A Week
No Human Intervention Required
Commerce With Low Risk And Excessive Return
Works With Any metatrader 4 Dealer
Euro/USD 1 Hour Chart
Heavy Construct, Complex Algo
Nice Cease Loss, Take Profit System
Developed From The Floor Up With Profit In Thoughts
Free Demo Accounts With out Risking Actual Capital
Whether you’re a newbie who lacks the talent of a seasoned trader or an experienced dealer who just hates
getting it mistaken, this distinctive Forex Boomerang software program makes it
attainable so that you can choose profitable trades with precision accuracy! However regardless of no
matter your expertise is with trading, one factor is for sure: There’s boat loads of
money simply ready to be picked up by people who “get it”. You can begin trading right this moment with as little as $25.
Posted by myarticlenetwork on
Currency buying and selling for dummies is a great way to learn extra about currency trading,
nonetheless, there may be plenty of info
anyone can get on-line totally free which can probably be capable to train you just as a lot and probably even more.
Currency trading, also known as forex trading, is the artwork of
shopping for and or selling currencies for profit. It is very like the stock market and other types of
trading that you could be already be familiar with. The currency markets are the most important on this planet and their volatility is second to none. You might have heard of individuals getting
rich over night time thanks to trading currencies, but you probably have not
heard about how many individuals make horrible errors and lose every little thing
in seconds. Whereas it is unattainable to turn into a
profitable dealer overnight, there are some things you can do to provide yourself the most effective chance potential to make the move a
profitable trader.
Patience is vital in currency trading. It’s possible you’ll not think that your
emotions are of any significance or use in the case of buying and
selling, but this could not be farther from the truth. Your emotions and general way
of thinking are the number one consider figuring out if you may be profitable at trading or not. The secret to buying and selling doesn’t lie in some magical method or some mystical indicator, it
lies within you as a trader. The biggest drawback individuals have is that they let their feelings cloud their
judgment and this impacts straight on how they perform as a trader. You must ensure that while you’re buying and selling, demo or reside, you don’t let
your feelings achieve control. Buying and selling must be approached in a really structured method that leaves no room
for feelings. Should you can master this, then you are 90% of the way to being successful at trading.
Once you’ve got at least come to terms with making an attempt to
keep your feelings in examine, the following vital thing is that currency trading must be approached with a long run perspective. Many new merchants think of trading as a get wealthy fast sort of thing. It isn’t. Like something on this world, if you wish to become profitable you have to be persistent and stick to and construct
something for the lengthy term. It could be true that some traders get fortunate and make hundreds of thousands of {dollars} overnight. What can also be true is that for each lucky particular person there are
a whole lot of unlucky individuals who have misplaced their complete life savings. Don’t
consider the currency markets as a cash cow. You may make cash trading but it needs to be performed with the view of a long term business. Don’t expect to get wealthy in a single day, as a substitute focus on building a trading profession which will likely be worthwhile for the lengthy run.
Any dummy can get began with currency trading and you do not need any special books or gurus to inform you what or learn how to begin. Do not let your feelings affect your trading decisions. Think of trading as you would a long run enterprise and attempt
to construct it up slowly. You will not get wealthy overnight however in case you persist and follow a plan you will make money. Any new trader that may maintain these two ideas
in thoughts is probably 95% forward of the rest of the opposite traders who think of trading as a brief time period enterprise enterprise but only end up shedding all their money.
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Nevertheless, this doesnt necessarily suggest that quite a few individuals made the blunder of trying to buy as well as take a great deal out of the forex market as those pricing went on the way up.
Inside the Currency markets trillions of dollars swap through seven days a week. The actual common sense associated with swing action trading is easy. I have personally devote thousands of dollars relating to solutions and trading rooms just to discover that the expert is on vacation somewhere living it up, making lots of money selling his confirmed method yet is unable to deliver steady profits in his investing ac. Currency trading which is also known as currency trading was not open to minor investors until not too long ago. Inside the Foreign exchange trillions of dollars change hands by using hyperlink regularly.
For others it is anything fundamental, such as interest rate or perhaps other correlated finance news. Furthermore learn how to configure your automation program and be certain you have also selected a good software program that enables you to produce the very best of everyone. Just before you choose that robotic Forex trading is for you, youll find numerous items you need to take into account.
It is possible to see this take place on any Forex trading index chart and when you see a rapid, razor-sharp rate spike it certainly not continues for long and thus prices subsequently keep coming back to acceptable market price. The particular unpredictability is very high, which enables the investor to generate massive return on investment on a given forex market Its really a easy strategy of trading. It truly is simply no secret that most unpredictability is necessary for price level to move down and up in the market.
This speculation can change a national foreign currency and probably economy of the nation.
Check out cyberspace webpage to discover a trustworthy Forex trading broker where your funds are safe and the spreads are competing.
Nevertheless, what a lot of merchants made the oversight of is believing that the elevated volatility indicates that you now stand to make more trades no matter which way you trade all the forex market. Be taught to trade on a Tryout ac first and only after you demonstrate consistent revenue for at least 3 month, open a Live membership. Youll need a fabulous stock investing plan, however we want good news that invokes your opportunity into the market.
Posted by myarticlenetwork on October 26, 2010
A managed forex account is a portfolio of currencies you directly own but are chosen and traded by a professional money manager in the account in which you have with that firm. Trades are selected based on the risk tolerance and any objectives you have conveyed to the company. Many traders worldwide are looking into this new approach to getting involved with currency trading. These people are permitting forex money managers the right to trade their currency portfolios for them by depositing their money with the firm and allowing the company to take care of everything. Much like stock trading funds, managed forex accounts have become very popular and if you research them, you will find an extensive list of firms to pick from.
There are advantages to having a managed forex account as opposed to trading on your own portfolio. For example, when you have your account with a firm managed by professional forex traders that are experts in their field, that allows you to sidestep the potential trading mistakes that most new, inexperienced or unprofitable traders make. These forex experts have the ability and experience to better forecast market fluctuations and better understand the movement of the markets because of their tools and education. Also, they are better trained psychologically to deal with the pressures involving forex trading. Additionally, the methods and also strategies they employ are generally thoroughly tested amongst their network of other clients so they are trading more properly and with what should be an established track record.
Nevertheless, fx investors must typically be watchful while searching for a organization which offers managed forex accounts. When you are in a position to enable a company the opportunity to fx invest using your funds, you need to perform extensive due diligence in the organization that you are thinking about, making certain they are economically sound as well as dependable ahead of delivering any sort of funds to them. This could very well be done simply by searching the net and digging up as much details as you can related to the business. In the event that the company has experienced troubles in the past, the chances are you will be capable of discovering discussions and evaluations with regards to them. Keep away from any company in which you discover an unusual amount of undesirable discussions.
Besides lousy performance results, a serious disadvantage to using a managed forex firm is the possibility that they never return any of your funds. They could behave as if they traded away your funds making use of fake trade reports when in truth the trades by no means went to the market and the funds stayed with them. The forex brokerage market is not as controlled as the stock industry is and because of that, many unlucky men and women have to their surprise waken up to find out their accounts totally empty for the reason that the funds were taken by the company.
A appropriate alternative to using a managed forex account is to go with a forex signals company. But not virtually any signals service will do. You will need to try to find a service which is going to be both profitable as well as has the capability to distribute their signals direct to your account. Presently there are numerous services which will deliver their alerts by way of email or SMS but that requires you to wind up being available 24/5 to place those trades. Precisely what good is that if you are looking for the next best thing to having another person trade your own account? Once you locate the best forex signals company which sends their alerts straight to your account, you now will enjoy the best of both worlds. Your cash will be safe with you, in your account, with no one getting accessibility to it and you will have that account traded indirectly by a experienced trader. It’s like having your own money manager without ever having to hand your money over to them.
Posted by myarticlenetwork on August 16, 2010
In this article I’ll cover two important advantages how the Foreign exchange industry offers to traders.
Daytrading having a little accounts
Should you wish to daytrade with shares and you also have less than $25.000 on the accounts, you are likely to possess a difficult life. The purpose is the fact that a rule referred to as “pattern day traders” allows you to daytrade freely only if you have that sum or more in your account. If you have much less, your daytrades (positions entered and exited the very same evening) are limited to 3 in any five exchanging times period. Your broker must monitor your activity and be sure you don’t execute trades that aren’t allowed under the “pattern day traders” rule. This regulation applies for stocks and stock options. The Foreign exchange market in the time of the writing just isn’t involved.
Danger Manage
The Forex marketplace has two characteristics that might translate in the better danger handle in your trades. What I imply by threat control, is the possibility to define your highest loss should the market move agains you. If we don’t think about the use of options or other resources as a hedge, the way to carry handle of losses is by making use of a stop loss buy.
Nothing new, up to here. The trouble that at instances dealers face is always that a stop buy may be executed in a price much worse than the 1 intended and originally set.
Usually, you can find two situation in which this can happen.
The very first has to complete while using liquidity of the marketplace. Inside this post, we can take into account liquidity like a synonymous of buying and selling volume. If liquidity is poor in the industry, there might be a substantial price distinction from one execution for the following 1. You can notice this easily in any intraday chart of your little volume security: the cost will not move in the continuous an harmonic way, like it does in a really liquid industry; rather, it includes a tendency to “jump” from a single degree towards the following. This can have an effect on the execution of one’s orders in a negative way. The phenomenon is also referred to as “slippage”. Here we think about in specific the exit buy, but slippage can have an effect on your entry buy too, and this could translate in for instance inside a purchase buy executed with a greater price than the a single you wanted to purchase. The Forex trading industry will not fear competitors about liquidity. 1.five Trillions dollar are traded in Forex every morning. The other market segments follow at a big distance.
The second element that gives trouble to threat control is in the occurence of cost gaps. Say your stock closes these days at 63, and your quit purchase is at 61.five. In theory, your maximum danger is 1.5 points per share. But the stock for any purpose tomorrow opens for exchanging at 57, and you also will be stopped out at that price, so the actual loss will probably be five points per reveal. Gaps are common in shares whenever an essential news is announced when the industry is closed. Sometime an essential news can cause a gap even intraday, specifically inside a not so liquid marketplace. Some other instances, the exchanging in the stock is suspended just inside the wait of a crucial pending news. A gap in almost assured when the information is released. Obviously, your position also can advantage from a gap, when the gap direction is within your favour. But the point here is the fact that the occurence of gaps reduces your power to control threat having a stop loss buy. The Foreign exchange market is virtually usually open from Monday to Friday. There could be wild intraday moves caused by information, but the occurence of gaps is extremely rare inside the week.
These are just two with the possible benefits the Forex industry features to dealers. You will find numerous other folks that I won’t cover the following, from the expense of trading (commissions are often zero), for the sum necessary to open an account (which may be very lower) All these element explain why the Foreign exchange market is attracting more and a lot more traders.
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How does a trader test his/her strategies and abilities without paying (or paying too a lot) for his/her mistakes ?
I would say there are three possible answers.
One first answer, needless to say, is by paper buying and selling. Paper trading means that you don’t actually execute your orders, but you only “bookkeep” them, testing on paper what their results would be.
At the following level you can buy and sell in a simulated account. This is similar to paper dealing, as you aren’t dealing with real money, but just testing the result of your strategies; on the other side having a simulated account you’re really using you Broker platform so you might be at the same time training yourself in dealing with order execution issues.
Simulated accounts are nowadays offered by many Brokers; inside the Forex marketplace it can be common to get this feature.
Say you trade your strategy for some time with a simulated account, and everything goes fine; you would expect that real trading should go fine as well. Still, there is certainly an issue you did not deal with: your emotions. These will come into the game only when you trade with your real funds. Emotions can do a big difference. They often explain differencies in results in between traders that will be completely comparable in terms of marketplace know-how and strategy. Why ? simply because they often force you not to follow the rules of your trading plan. Emotions can make you a hard life in keeping the necessary discipline.
So, how to deal with the emotional issue of trading ? You can find ways to learn also in this topic, obviously, but in this case your own direct encounter is more tough to replace, in my opinion. However, the experience can be expensive, of course. A possible solution is always to buy and sell with real money, but in a really tiny size. This is always a good idea at the beginning. Begin little, gain experience and then improve gradually your trading size.
So the third answer to our very first question is: by trading tiny. You might object that, if the trading size is as well small, your emotional involvement will also be tiny, so the aim of putting emotions into the game is missed. Partly, this really is accurate. However, the difference between using real money and just playing with numbers is there. And also the decision about how big the size should be, is just yours.
The forex market gives you big flexibiliy about your trading size.
Very first, simply because the minimum required to open an account can be truly tiny, in the order of $300. Trading size of course may be little too. The Forex market offers you a great leverage possibility, but again, how much of it to use is something that only you can determine.
Second, because in the forex market it’s common for Brokers not to charge a fix commission to trades. The cost with the buy and sell is generally represented only by the bid-ask spread. This means that tiny trades aren’t penalized by fix commissions.
This flexibility can offer an advantage for traders who want to gain knowledge before moving forward.
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