If you are just getting started in the business of penny stock trading you’ll need to know where to buy penny stocks. But before you even ask this question it is important to understand more about this specific market and these stocks to see if this is something you really want to consider.
There is a simple and a not so simple answer to the question of where to buy penny stocks. There are a number of brokers who can help you buy and sell penny stocks, but to get the most out of your time and money you want to choose the right brokerage company. Each of the online stock brokers offers different services, has a different minimum balance and charges different fees for each trade. You may initially want to go with the cheapest broker but this isn’t always the best way to go, at least in the beginning.
Besides choosing a broker you need to know where to go to find and research these stocks so you can monitor them and determine which ones to buy. Continue reading
In this segment I will offer an abbreviated summary of the actual penny stock trading process. Learning how to trade penny stocks is not that challenging from a technical perspective, however it is important to consider a number of things before you begin investing your money in this risky niche market.
The first step is to create a stock trading account with one of the online penny stock brokers. You will find many online brokers offering different services and charging different fees. The most common online brokers happen to be E*TRADE, TD Ameritrade and Scottrade but this does not mean they are the best brokers for each and every situation. Some contend that Zecco is a decent choice for novice traders because it is so inexpensive, but you need to look at each of the brokers to make your own decision of who is best for you.
Once you have your trading account set up you can start getting into the fun part of penny stock trading. Continue reading
One of the most common — if not the outright most common — questions I receive is, “How do I buy stocks on line? I think one of the most important ways to answer this is not with a direct answer but rather with a series of questions that helps the questioner understand the complexity and weight of that question.
In all likelihood, if someone is asking this question they are new to online investing. That can be a very precarious and vulnerable role to play these days, as these Internet waters are infested with fraud-perpetuating sharks. So come along with me as I examine what someone asking about how to buy stocks on line is really asking. Keep in mind the answer to this question can also vary based on what type of stocks you are considering, for example someone looking to get into online penny stock trading may use different tools than someone trying to diversify their retirement portfolio. Continue reading
Along with some extensive revisions to my current articles on Penny Stock Brokers, the OTC Market, and Stock Quoting Systems, I have some big news about Penny Stock Trading. We are now up and running on our new domain http://OnlinePennyStockTrading.org. All of our comprehensive guides are now on this new domain and we have more to come soon. This is a cleaner and more appropriate domain without that goofy dash in the domain name.
Even with a sluggish economy there are still plenty of opportunities in this particular market. This is a great time to be a micro cap stock investor if you have knowledge of the basics and a few good resources to help you. Continue reading
Anyone who has experience with buying stocks online likely knows about Motley Fool. The Motley Fool is one of the lasting and well-respected resources on the Internet for reliable financial news and information. To put it simply, if you are remotely interested in regular stock trading, you really should be referencing this source several times a week.
Just a few days ago Motley Fool published an interesting article discussing penny stock trading, which looks at both the risk and the potential involved in this specific market. Continue reading