3 Step Plan to Penny Stock Investing

Here's my 3 Step Plan to start your journey today!

1) Education, education, education. It might not sound like fun or quick Learn as much as possible about trading before trading. I recommend the Trading Master Plan by Dave Gagne.

2) Apply what you learn in a safe environment. Set up a demo account and apply what you have learnt, get some wins under your belt and then go live!! The Wall Street Survivor is a well established, free to play, fantasy stock trading contest. Not only can you hone your trading skills, you can win $50,000 by beating the other traders! A no brainer in my book.

3) Pick up a Penny Stock Training course with predictions designed to find you stocks that double in value. Not my cup of tea personnally (although there is a good 100% guarantee).

Finally, don't let yourself get distracted by the lure of earning $30,000 in days or $1 million in months. If it happens its usually luck and nothing more (otherwise everyone would be trading - there is no unstopable winning formula). Be happy to earn a $1000 a month, that's enough to make a difference to start with. Then go to $2000, then $3000 and you will get to where you want to be.