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Penny Stocks Online : 8 Steps to get started trading

January 29th, 2010

Now that you are probably convinced that Online Penny Stocks Trading might be your way to start making more money online, on the other side you might ask youself the question. :

"How do I get started ?"

Starting online trading with Penny Stocks becomes a piece of cake when you
follow these 8 steps :

Penny stocks online : 8 steps

Step 1.

Open a online trading account of any online discount stock brokers like E*TRADE, Scottrade…. etc. I recommend the broker that I’ve found to be the most efficient for penny stocks & by far the least expensive is Zecco. They only charge $4.50 per trade if you have under $25,000 in your account. If you have more than 25k your trades are absolutely free. Most other brokers charge at least $9 per tradepeak to several online discount stockbrokers like Scottrade and E*TRADE. But do your own research as well, Visit their websites to determine
who in your opinion who offers the best fees, and commissions, Services that suit you best. Your situations might be different from mine, so you need to choose the one that is best for you. Once you find one, open a online trading account with them.

Step 2.
Once you have been given a online trading account, fund it.You can start as low as you wish with zecco but I suggest to Start with 1000$ or more if you can. You can do this by sending a checks, wire transfers and bank to bank transfers.

Step 3.
Now this is where the fun really starts : educating yourself so you will become more passionate and knowledgeable about online penny stocks. To get the best information I suggest you inscribe in bulletin boards, newsletters and news sites like Google finance, Yahoo finance, zecco discussion forum etc.

Step 4.
Finding the best Penny Stocks online . To find the best penny stocks yourself you need to make plenty of time available to research the internet and know what you are doing. If you want to Save time and money and avoid any frustrating experiences however, I suggest you subscribe to James Connelly’s newsletter. He is the man in the field, therefore people call him the Penny Stock Prophet. At this moment James has a great offer namely you only pay 97$ once and you will get his best picks for life ! A chance in a lifetime i’d say. The chance to tap into his brain, knowledge and experience as James became millionaire just investing only 1000$ within 13 months. Read more below.

Step 5.
Choose how to trade .
There are two options : You can put your stock in auto pilot with your online trading account or you can monitor them yourself. In auto pilot you can limit your loss if the stocks go down, even if you are asleep and you can sell whereever you are when the price goes up to your desired target.

Step 6.
Start. Using all the information you have got. And start making money !
If you choose to invest once 97 $ for getting the best picks for the rest of your life click here , than i’d say your road will for less bumpy. And the only thing you need to do is to apply his tips, so you can starting making huge profits like he does.

Step 7.
Celebrate when you have you first profits with your beloved ones. You deserve it !

Step 8.
Make your successtory
Why not creat a successtory, that you manged to make x $ in x time ? Remember, only you decide how much you want to start making when trading penny stocks online. And if your expecations are not high yet, Rise your expections, especially when you decide to get the tips of James Colony..

Click here to see a video where James Made a Live Pick, and the result he got in 2 days.