So you’re armed with your credit card in one hand and computer mouse in the other hand or are clenching your tablet / mobile phone and surfing the web because you are looking to buy some penny stocks. If this sums you up right now, read the next few paragraphs.
Most new investors have no idea where to buy stocks, and how the stock market even works, but that unfortunately doesn’t stop them from trying to enter into the world of investing. While we can preach education and knowledge before jumping in to the world of investing, especially in penny stocks, most people want real world experience right away.
The ONLY way, and we’ll repeat that because it’s that important, the ONLY way to trade stocks of any kind, including penny stocks is through a brokerage account. There are two types of brokerage accounts, a full service brokerage account, and a discount brokerage account. We have an educational corner page that explains the difference between the two types of brokerages, and many other items designed for beginners, this is a must read for all new penny stock traders to get them familiar with trading stocks.
What this simply means is that you CANNOT, and yes we’ll repeat this as well, you CANNOT buy and sell penny stocks through AllPennyStocks.com Pro. You can’t buy and sell penny stocks through any financial website or any financial newsletter for that matter. AllPennyStocks.com Pro is a premium newsletter / member section for investors looking for specific penny stock picks, daily penny stock trading ideas and market commentary. Think of us as a big investment club. We would find stocks that look like good investments, pass on the information to you as a Pro member, at which time if you like the investment, you would log into your brokerage accountand buy that stock. After you’ve bought the stock, we will periodically update you on how the stock is doing and when we are ready to sell the stock, we will notify all of our Pro members of the exiting of our trade, at which time you could also decide to exit the trade. The idea is to have a similar performance track sheet, and AllPennyStocks.com Pro has averaged about an 80% profitability average on all of our trades.
Now that you know the difference between AllPennyStocks.com Pro and a brokerage account, here are a few brokerages that allow for penny stock trading:
U.S. Brokerages:
eTrade: http://www.etrade.com
TDAmeriTrade.com: http://www.tdameritrade.com
Canadian Brokerages:
QuesTrade: http://www.questrade.com
ScotiaiTrade: http://www.scotiaitrade.com
For international investors looking to trade North American penny stocks, we do not have specific brokerage recommendations, however would recommend you contact a local financial services firm or bank and ask what local brokerages allow for North American trading, and look for one’s that allow for penny stock trading as well.
