Using this list and the brief descriptions of the best online brokers can help you find the right broker to fit your needs. Since Day Trading Penny Stocks focuses on independent trading of penny stocks, I emphasize brokers that provide cheap online trading. However, I will also provide some full service brokers (which usually cost a bit more) for comparison’s sake.
It’s important to note the broker you choose can have a big impact on your overall stock trading experience. Some brokers offer more services and tools while other brokers offer limited tools and services but cheaper trades. It’s good to evaluate all of these things as you are choosing the best online broker for your needs. For some people cheap trades are more important, and for others the services and tools are more important. It’s a very personal decision that can impact your profits in this market. Continue reading
When looking for information on how to day trade for a living you need to look beyond the strategies and promises of huge returns. Day trading can be a lucrative career for the right personality, with the right financial backing, and with the right life style. Can you make a living day trading? Of course you can. Should you choose this career for a living? That is a completely different question. It takes experience, knowledge, discipline and tremendous poise to really do day trading for a living.
It can be easy to fall in the trap of thinking life is about trading. But it’s important to be social with people outside of the day trading world. It will help you keep perspective on what the real world uses the financial markets for and why. I hope this new article opens your eyes to the intimidating but exciting world of day trading Continue reading
If you want to find good penny stocks that will help you increase your profits you’ll need a couple of tools and you’ll need to do your own research to help you identify the best ones to buy, when to buy them and when to sell them. Unfortunately this isn’t an easy game and there is no single source that can or will provide you with good picks. It will take a combination of factors to help you find those good penny stocks.
There are a few tools that can help you watch and choose stocks. Penny stock software and newsletters are two good places to start. After you have done some research, take a look at my list of the online brokers and chosen one that will fit your need and skill level. Keep in mind you can’t simply let software or newsletters make all your decisions; you need to use them to help you make your own informed decisions. Continue reading