Penny stocks are generally pretty volatile and very hit or miss. You generally just pick one that you have a good feeling about and hope that it hits big. I would suggest using a small cap rating system that tells you the most fundamentally sound small cap stocks (not quite penny stocks, but not 100$ per share either). Companies like Marketgrader.com will do this and help you find the best websites.
If you are new at trading, then you may want to consider starting with penny stocks. They will help you learn about the stock market and are less than five dollars a share. A couple companies you could invest in are NASDQ, AMEX or NYSE.
The fees involved in online penny stock trade differs from company to company. For most companies, there is a minimal fee for each trade.
Most of the large brokerage houses do not trade in penny stocks. Some brokers that trade penny stocks are TDAmeritrade, Scottrade, and ChoiceTrade.
Almost all online trading companies give you the ability to trade penny stocks. However I must warn you that the average person does not make money on penny stocks. It is true that you can make millions if you get lucky the odds of hitting one of those stocks are about as good as winning the lottery.
Two good online stock trading companies are TD Ameritrade and E*Trade Financial.
Yes penny stocks can be traded online,just like any ither stocks.For firther information visit this website http://www.ehow.com/how_2294659_trade-penny-stocks-online.html
There are many websites that allow one to trade stock shares online. Some of these websites include, Options House, Merril Ledge, TD Ameritrade, E*TRADE, and Scot Trade.
There are many online brokerages that offer personal stock trade accounts. Some companies offer online trading such as, Scottrade, eTrade and ING Direct. Fidelity Investments has walk in offices located in most major cities and online trading.
Online Stock Trading from what I know, was created by a stock brokerage firm. There's three major online trading companies and the sell their "source" to independent companies to create trading platforms. I could be wrong, but that is what I've heard from a broker. Do you trade online? I use a program called wize trade. Wize Trade is the first ever red-light green-light stock trading software to hit the market. Long gone are the days of reading 50 stock charts. Wize Trade tells exactly when to get in and get out of a trade. This precision can not be found in any other program.
Endorsed by Forbes and Barrons, Pennystock.com has been in business for over a decade. Other alternatives for trading online in penny stocks include OptionsHouse.com and optionsXpress.com.
One can trade in the penny stock market by doing the research, opening a brokerage account, checking the status of the penny stocks, choosing the right company and strategy.
The online stock trading website that has the most flexible online trade options would be the schwab website that was created by Charles Schwab. The website has a minimum of only 1,000 dollars.
There are many companies that offer free trials to trade online, it just depends on when you attempt to start. Gcitraining offers free trials for stock trading. It is a start so you can see if this is something you want to do.