Not all stocks that we buy/sell are penny stocks. We generally seek stocks $5 and under. In fact, the reason we trade these type of stocks is because that is where the money is to be made, there would be no way in the world to make 5,000% on your money trading stocks priced over $5, especially starting with only $2,500. And the same goes for daytrading as well, trading stocks over $5 is not only more difficult, but it's also much less profitable.

That's simple... penny stocks are stocks (equities) who's price per share is usually under a dollar. They are usually kept on certain stock markets (like the TSX Venture Exchange in Canada) because for whatever reason they don't quite meet the requirements of the larger more mature stock markets. It is also assumed that there is a higher level of risk associated with them because of their low price which range anywhere from a half cent (.005) to $1.

RESPONSE: We do not trade "penny stocks" or other "junk" stocks. We like to put our funds into quality stocks that we believe in. We only work with major, large capitalization stocks that you've most likely heard of before such as Starbucks, Alcoa, Home Depot and Walgreens. All of our trades involve stocks of this quality and caliber.

The quick turnaround! If you play to win and not to hold (get your money out quickly verses putting it into a stock and leaving it like it was a bank paying you interest) the potential for making money is infinitely better than the older stuffy markets. How long do you think it would take General Electric or Ford stocks to double in price? A year... 2... 5... 10? Ford is currently trading around $8.29/share... if you look at its graph you can see that it started out a year ago at around $8.

The biggest downside I see is the smaller daily volume of shares traded... penny stocks typically have smaller volume than the more mature markets and that means you may or may not get to make your trade that day... if that's a concern... (and it has happened to me a couple of times) just don't play that stock. In my humble opinion... penny stocks may be less risky than more mature stocks... especially for the educated beginner. When a stock is trading at $123 a share..

You just have to look... do your research... on the TV, the magazines, the newspapers, the internet... or just sign up for my free report I will show you my main source of finding hot penny stocks.

The same way you would trade any other stocks on any other market... find an online brokerage, fill out the application and send it to them with a cheque (check for our US friends) for at least $2000. Wait for about 2 weeks for your account to be set up then start trading.

Not very high. They tend to be easily manipulated and very dangerous to trade. Trading penny stocks is one mistake easily avoided.

No, you need to pick a suitable broker for this system. Brokers that are known to be good for trading are, Rushtrade, Ameritrade, E-Trade, Realtick, Cybertrader. Brokers which are not suitable for this are web based brokers such as FreeTrade and Lowtrades. Scottrade is also not suitable for this type of trading due to the high commission costs associated with stocks under $1.

It is important to be diversified if you can. Instead of placing all your money on one stock, spread it out among three separate stocks. For example, if you had $3,000 to invest, place $1,000 on three different stocks. When one sell, replace it with another.

Condos never had the kind of appreciation experienced by single-family homes in the 1980s, most ultimately have not lost value, say some experts. And with high prices in many urban markets and more single home buyers in the market than ever before, the market for condos is strong. As with any home purchase, you should do your homework about the neighborhood or development before you buy.

The only way that I know of is to purchase a laptop computer and get a wireless card or an adaptor for your cell phone and access the Internet that way via a wireless connection. That way as long as you are somewhere where a cell phone will work you will also be able to access the Internet and trade. There is also a new wireless broadband internet service that works everywhere provided by Verizon I believe. You could even be at the beach sipping margaritas if that is your wish.

Yes you can! As long as you have access to the Internet you can be anywhere in the world and trade stocks.

Why??? Because we are led to believe that they are too risky. People are scared away by stories of someone's uncle or brother in law who lost their house, family, pickup, and dog from playing "risky" penny stocks. Don't get me wrong... it does happen... people get hit by busses every day too... but we still go out. Those are isolated incidents... we also don't hear about the trading practices of those individuals or what their financial health was like prior to playing..