The stock market is a dangerous place and if you don't know what you are doing, you could seriously get hurt. Millions of people have lost a lot of money in the past two years, but that also means that some people made a fortune. Maybe you could be one of those people, by learning how to buy penny stocks online and knowing how to utilize penny stock picks.

The most important part of buying these kinds of stocks is getting in with a good brokerage that won't charge you an arm and a leg every time you make a trade. If you do your shopping for a trading partner early, you will find that you will save a lot of money on trades later on down the line.

You can learn how to buy penny stocks online from many resources, but the last place you should probably go is to your library. The resources there are too old (unless you are using the computers, of course!), and you will not be put in touch with any top tips for future trades.

By looking online, you can find plenty of hot penny stock tips as well as information on what brokerages are best and which ones are the most penny stock-friendly. You can also get yourself on numerous penny stock tip watch lists, or email lists that will alert you to stocks that are just about to move. This kind of information is absolutely imperative if you are going to succeed in this potentially dangerous arena.

If you are looking to find out how to buy penny stocks online, there is no better resource than your own computer. You will find the most up-to-date stock tips and trading strategies, and be able to supplement your full-time job income, or even completely replace it by trading online.