How to Buy Penny Stocks Online

In the past when you want to buy penny stocks, the only way is buying them through a broker but right now, buying penny stocks via online is another choice for investors.

It is easy and convenient, just click click click. Investors can buy penny stocks via online way or internet.

Buying penny stocks is very easy way so anyone can buy penny stocks if you have necessary 4 things (money, bank account, computer and internet). Buying penny stocks online can save your time a lot too. Let's see how to buy penny stocks online.

Many investors likes to buy penny stocks online and avoid expenses that must pay if they hire broker. All investors have to do is having bank account with enough money and visiting an online stock exchange. Online stock exchange will present buying penny stocks. Another way is using penny stock softwares.

Step by step.

Search online stock brokers via internet.
There are 2 kinds.
- Full Service Stock Brokers
Full Service Stock Brokers can cost a lot of money through higher fees, service charges, and commissions but they can help you in penny stock research and planning.

- Online discount stockbrokers are cheap and only charge a few dollars per trade.
They are individuals offering many services for a variety of trades at discounted prices (such as E*TRADE, Scottrade). They can't give you any growth stock tips or advice, so you have to do your own penny stock research. Study websites of a few to know all particulars such as their commission, background, exp and reliability.

If you are satisfied with online stock broker that you choose. Open a Stock Trading Account.

Open a Stock Trading Account
Open a Stock Trading Account and fund with the online stockbroker. You can fund through checks or wire transfers or inter/intra bank money transfers.

Research penny stocks online
Research penny stocks online through newsletters, news sites and forums. Consult your online stock broker for recommended sources and beware unknown parties's recommendations.

Start to buy the Penny Stocks
Decide and select the penny stocks to buy. Enter the stock's trading symbol in the stockbroker's online trading platform and buy penny stocks that you choice.

Watch the stock price movements through your stock broker. Sell as soon as the stock price moves up or climb to good level to save your profit or when it moves down to avoid your loss.

Source: Bright Hub, Buying Penny Stocks Online, eHow