1. If I don't have any experience in the penny stock market can I still learn to profit?
Yes! The penny stock trading strategy you will learn will allow you to profit in the stock market regardless of your experience level. While we can't promise you will be successful, the methods we use allow us to earn consistent profits and you should be able to learn to do the same (and we provide a 60 day return policy). Just understand that trading penny stocks correctly will take some time to get used and it isn't something you will learn overnight. Once you get a feel for the way our trading system works to pull money out of the penny stock market, you have the potential to start earnng thousands of dollars in profits. Also understand we provide specific recommendations in our course which are important to succeed in trading penny stocks. You should follow our recommendations to insure your success.
2. How much money do I need to get started trading penny stocks?
We recommend you start off with no less than $500, however some online stock brokers will allows you to start with less. Unfortunately these "discount" brokers are not very good. You can certainly try to start with less, but just understand that you can't expect to make $10,000 a month if you are starting with $500 because this is unrealistic. While it's certainly not out of the question, its not likely for most people. Anyone that tells you otherwise is lying to you. Our strategy does not involve scalping in and out of stocks 100's of times per day, so you don't need to have $25,000 in your brokerage account, although the more money you have, the larger the profits you can potentially earn.
3. What should I do if I don't have enough money to open a trading account?
If you don't have the minimum amount we suggest purchasing our course and then studying it thoroughly while you save up some money until you have enough. Please do not purchase our course and then ask for a refund because you do not have enough money to fund a brokerage account. We do not provide refunds for this reason. The fact is if you cannot invest enough money to cover commissions and other transaction costs, you are wasting your time by trading with real money. This is the reason we suggest starting with a bit more because then your profits will be large enough to cover your fees and this will insure that you grow your account more quickly.
4. Can I test out your system before I commit real money to it?
There are a number of websites online that will provide you a portfolio with fake money. The problem with all of these is that there stock data they provided is delayed by 15 minutes. In the stock market 15 minutes is like light years and therefore it is useless to use delayed data. A few brokers will give access to a demo account which will allow you to trade stocks in real time with as much fake money as you'd like. This is called real time paper trading and while this is a great way to get used to your trading software for a few months, we have found that the only way to really learn is to use real money. None the less we always suggest that you start out using a demo account of some sort because trading is one of the only businesses you can learn without risking real money, so there is absolutely no reason to use real money until you are familiar with our trading system.”
5. Is this trading system difficult to learn?
Anybody can learn to trade successfully with this system. What you must understand is that like any other skill that a person would like to learn, trading will take some time. If you are interested in the learning to trade, and willing to put in the time, there is no reason that you can't start earning thousands of dollars in trading penny stocks. This e-book will provide step by step directions and an easily to follow guide which will show exactly how the penny stock market really works.
6. Does it matter if my computer is old and/or slow?
While you can trade with an older computer it is best to make sure your computer functions correctly and will not die on you in the middle of a trade. Since computers are fairly cheap these days, if you computer is more than 5-7 years old, or very slow, we would recommend upgrading to a new computer. You most likely can find one for less than $500. While this isn't a requirement, it certainly gives you piece of mind. The other important item that you need to make sure you have is a reliable high speed internet connection. Both Windows and MAC based computers are supported.
7. What happens if my computer loses power while I am in a trade?
With most brokers any trades that are currently open will continue to stay open until you open up your brokers software. No new trades will be taken while the computer is off. Fortunately most brokers have a mobile platform which can be accessed from a smart phone or tablet with 3g or 4g mobile internet, and allow you to close out your trades in the event of a power outage. We also suggest purchasing a battery backup by a company like APC with at least 45 minutes of battery power for additional piece of mind. In the event of an emergency, this would give you enough time to call your broker and have them close out your trade.
8. Is this trading system difficult to implement into my current trading software?
In general it is fairly easy to setup our trading strategy since we provide step by step directions. If you plan to use a software provider which is different from one of our recommended ones then you will just need to know how to configure various technical indicator settings in your trading software package. Most of the indicators that we use are fairly common but the settings we use to customize these indicators are NOT common. Most software will include the indicators that we use however some software may require you download an add-on, or specific indicators may not be available in which case we suggest using the software that we recommend.
9. If I work full time can I trade while I am at work or just trade part time?
In general many of the trade signals our strategy will generate will occur around the market open 9:30 A.M. Eastern Time or near the market close 4:30 P.M. Eastern Time. If you have access to a computer and keep an eye on your position either on your smart phone or at work, then there is no reason why you can't trade with a full time job. At times the trading system will give trades that will last for several days and in these cases you won't need to be near a computer all the time. As for part time trading you can definitely do it. Our strategies can be used for day trading, swing trading, or even position trade where you hold a stock for several months, however we prefer short term day trading.
10. Can I learn to trade if I am older and don't have a lot of computer experience?
Trading requires using a computer and being comfortable with technology. If you don't know how to use a computer it's probably better if you do not get involved in trading and instead invest in mutual funds or index funds. I'd be lying if I said you can learn to trade profitably without any knowledge about how to use a computer. The fact is today's stock market is a massive electronic computer network and the only cost effective way to trade is to embrace technology and the internet. Gone are the days of calling up your broker and placing orders over the phone. Today the markets move at lightning speeds and you will miss out big time if you don't use an online broker.
11. How long does it take to start profiting in the stock market?
There is no definitive amount of time that it takes to become profitable. If you are completely new trading and have no prior knowldge of technical analysis, than it may take a bit more time. If you have a basic understanding than you may be able to grasp the concepts more quickly. With that said, I have seen new traders that start learning my system and in a as little as a few months they are already starting to make money. The amount of time that you can devote to studying my trading courses and putting the information you learn into use, will alsso play a factor in how long it takes. profitable trading isn't just about mastering a trading system but is also about mastering your own emotions. This can take different amounts of time for different people. For example if you are disciplined person you may be far ahead of somebody who lacks discpline to follow your trading plan.
12. What is the best broker for trading penny stocks?
in Penny Stocks Behind The Scenes you will learn which brokers I feel are the best brokers for trading penny stocks (or any priced stocks for that matter). Many brokers are pretty terrible and will be useless for trading successfully. There are a number of important factors such as the priced for commissions, the software provided, and the customer service and reliability of the company.
13. How do I know this course isn't a ripoff?
You have ever right to be skeptical. I know I sure was when I first was getting started in trading and the truth is I lost a lot of money listening to countless guru's who claimed to have a magic system which never loses. All that I can tell you is that I offer a 60 day money back guarantee for this very reason. I want every single person that goes through my course to feel 100% satisfied that they are receiving a great value so that they send me a positive testimonial.
14. What is your return policy?
I provide a 60 day return policy. All that I ask is that you go through the course and put the recommendations to use. If you don't feel like I have provided exactly what I have stated, just let me know and I will provide a full refund.
15. Do you use fundamental analysis in your trading?
I am a technical trader. This means I use technical and statiscial analysis to analyze the market. The reason I don't pay much attention to the fundamentals is because most lower priced stocks have very poor fundamentals and therefore can't be analyzed the same as higher priced stocks. Since earnings are only released 4 times per year, the fundamentals don't fluctuate much. This means since I am a short term trader the fundamentals really don't have much of an effect on my trading decisions. The exception is on the actual day or a few days before and after earnings are released since stocks will often move based on future expected earnings. Once again since penny stocks typically have no profits and sometimes don't even have revenues, this is usually irrelevant.