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.
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.
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.
Hot Penny Stocks is the main website that people use to deal with and manage their penny stocks. It is an easy way to get yourself started in online stock investing. They do have mobile or text alerts.
The main purpose of penny stock trading is to let people be able to trade for stocks at a low cost easily. Generally stocks are expensive to trade, so not everyone is able to.
Silver stock which are traded similar to other stocks. You will have to get an account on one of the online trading websites in order to trade the stock.
There are a bunch of penny stock websites available. http://www.hotpennystocks.com, http://www.pennystocktowatch.org, http://www.thepennystockpick.com,
The term itself is a misnomer because there is no generally accepted definition of a penny stock. Some consider it to be any stock that trades for pennies or those that trade for under $5, while others consider any stock trading off of the major market exchanges as a penny stock.
You can do this with an stock trading firm like Scott Trade. You can do it easily on line. It is a very simple process.
Penny stocks are generally pretty volatile and very hit or miss. You generally just pick one that you have a good feeling about and hope that it hits big. I would suggest using a small cap rating system that tells you the most fundamentally sound small cap stocks (not quite penny stocks, but not 100$ per share either). Companies like Marketgrader.com will do this and help you find the best websites.