Blog - Online Penny Stock Trading

Channeling Stocks – A Brief Overview

There are a lot of different stock trading strategies meant to help you find greater success; one of them is stock channeling. Channeling can be a valuable tool that will help you make the most of market trends by helping you set specific points where you will both buy and sell shares. It can also help you set a stop-loss to help prevent you from losing too much on a certain stock.

Not all stocks or equity use this technique. To use this you need to look for stocks that have a channel in their chart. There are a couple of ways to do this. You can go through charts to find this channel pattern, you can use software that finds the patterns or you can subscribe to a service that will give you a list of stocks on which you can use this technique.

Finding channeling stocks is the first step, but you also need to know how to read the channel.

Where to Buy Penny Stocks

by Charles

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.

Day Trading Software

by Charles

Day trading software can serve several different purposes. This page will describe the three main areas of day trading software then over time I may make specific suggestions in each area. The three main areas are the following: stock trading software simply used to execute trades, software used to chart the history of stocks, and software used to anticipate the future behavior of stocks.

I do suggest doing your research before investing in any particular package. You’ll find a ton of competition among day trading software developers.

Buying penny stocks can be a competitive and volatile practice requiring great research and precision. The idea behind day trading software is to take as much of the busy work out of penny stock trading as possible so you can concentrate on the insights that lead to hot penny stock picks.

The Life Of The Penny Stock Pump And Dump

by Charles

The penny stock pump and dump scheme is the longest running pink sheet scheme still in practice today, but it is difficult to control because of the way it works. Since the barrier to day trading has been reduced by advances in computers and internet availability more people are becoming addicted to trading stocks and making money in this market. The newcomers to day trading are often more susceptible to manipulation because they are often following technical trading patterns laid out in books, but even more experienced traders can get caught up in these schemes.

Here’s how the penny stock scheme works: