Mike asked:
I want to invest in penny stocks and mainstream stocks but some main on-line brokers dont offer penny stock trading. What do you use / think is the best?
I want to invest in penny stocks and mainstream stocks but some main on-line brokers dont offer penny stock trading. What do you use / think is the best?
November 21st, 2009 at 8:20 am
ZVTK & MCLN look very promising.
I used Scottrade to buy these, but in order to buy penny stocks you have to fund your account through a bank transfer or send them a check.
November 24th, 2009 at 5:46 pm
the best site i personalty use is Sharebuilder.com all thought they don’t have a wide selection of penny stocks but they do have one of the lowest comition rates so that why i use them so i can maximize the tottal profit i make of my penny share investments
November 24th, 2009 at 8:37 pm
My favorite brokers are;
ThinkOrSwim
Interactive Brokers
Tradestation
TradeKing
I use ThinkOrSwim mostly. Great platform with exceptional charting. Interactive Brokers is cheaper, platform is very hard to learn. Tradestation has a good reputation (not as god as TOS).
You can trade penny stocks on any of them. They won’t even ask you the most important questions….. like;
Do you have at least 5 years successful trading experience in larger cap stocks?
Do you have exceptional trading money management skills?
Are you exceptionally good with technical analysis?
If you haven’t heard of these brokers;
They are cositantly rated in the top 5 best on-line brokers.. year after year by Barron’s Magazine.
Never place a trade unless you’re using a limit order (with any stocks below $10).
If you don’t know what a limit order is…. you’re years away from being ready to trade penny stocks.
November 26th, 2009 at 8:36 am
scottrade.com is best for both beginners and professionals.
November 27th, 2009 at 9:07 pm
I use ameritrade has some bells and whistles. Before you start trading penny stocks you may want to read this article I found called should you buy penny stocks
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Good luck its a tough market
November 27th, 2009 at 11:46 pm
RHB Investment Bank’s would be the best site to trade Malaysian stocks. Only site with stock screener for Bursa Malaysia to screen for Penny stocks.