How To Buy Penny Shares Online

Q. Why do you need to know how to buy penny shares online?

A. You just want to trade in penny stocks and you don’t want advice because you are hopefully getting your advice elsewhere. Most execution only stockbrokers operate online

Online Stockbrokers do have advantages.

1. They are cheap

2. They are accessible possibly 24 hours a day.

3. They offer a fast service

4. They will deal in small quantities

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WHY IS THAT IMPORTANT

Beginners in the Penny Stocks business don’t have much money
Speed can be of vital importance to get the trade at the price you want.
You may only want to buy 10000 shares at 10pence

BEFORE CHOOSING AN ONLINE BROKER, HERE ARE A FEW THINGS TO ASK.

Can you talk to your broker on the phone in case your computer goes down

Your broker should be using 128-bit encryption software. This scrambles any communication between you and your broker and is top level security software

What are your dealing costs going to be. You need to find the right charging structure. When you are buying small quantities then no minimum commission broking is best. When you graduate to large trades then a substantial minimum commission will cost you less.

Use a broker who will take instructions to trade at not more or less than a specified price you specify. This is known as accepting limited orders.

Check your brokers dealing hours. Perhaps you want to trade outside the normal business hours of the country you live in.

Will you receive financial news and data not only for the penny shares you are trading in. This varies in quality between brokers but is getting better. You can at a stretch find it out elsewhere on the internet, but it is a lot more convenient in house.

Does the broker give you interest on your cash balance. You could even get a cheque book.

Does your broker use paypal? A quick and simple way for you to move money both in and out of your stockbroker account

FINALLY WILL YOUR BROKER LET YOU USE A MOCK ACCOUNT WHILST YOU PRACTISE TRADING BEFORE GOING LIVE?

Why is that so important.

Because if you are trading as a beginner would it not be sensible to

1. Take Advice about specific penny shares from an expert

2. See if the penny shares they recommend actually give you a profit by running an imaginary series of trades.

3. YOU WOULD DO WELL TO FOLLOW A PROVEN TRACK RECORD OF INVESTING IF POSSIBLE AT NO COST TO YOURSELF

THE GOOD NEWS IS THAT YOU CAN GET PENNY SHARE BUY ADVICE FREE!! Yes FREE.

There are three trusted sources, so click on the links below, and see what they have to offer. YOU WILL GET AT LEAST 30 DAYS WITH MONEY BACK GUARANTEES TO TEST DRIVE THEIR PICKS

Penny StockProphet How James Connolly could teach you to turn pennies into thousands of £££'s or $$$'s

Penny Stocks VIP Best Free Penny Stock Picking Service

Penny Stocks Psychic Turn pennies into a $1M portfolio?