How To Turn Your Cell Phone Into A Money Machine.

Most people use their cell phones for entertainment but why not also use it to make money.

Once you know and use the information I am about to give you you will never need a job again and can trade from anywhere in the world.

There is no freedom like having a business that you can run from your phone. Trading penny stocks is how I make a living and how you can as well using the following tips.

1. Keep Fees Low - Since trading fees will be your largest and only expense it is important to keep them low. You can do this by using a online discount stock broker like sogotrade($3/trade, $500 min. deposit) and Tradeking($4.95/trade, $0 min. deposit). You can open the account, fund it, and trade all on your phone.

2. Reduce Losses - Since many small stocks are losers you want to limit their losses through stop loss orders. When you buy a stock you should also place a stop loss order for 10-20% below the purchase price. If your stock drops to this preset level the stock will automatically be sold therefore avoiding big losses.

3. Let Winner Ride - The small stocks that ride higher sometimes cause anxiety to sell to quick. When you start to feel this anxiety you should sell half your shares to lock in your profits why letting the remaining shares in the market.

4. Seek Expert Advice - The worst thing you can do as a beginner is to try and make penny stock picks since you need to have experience and knowledge to be successful. You should select a premium website or newsletter than will give you daily small stock picks.

In conclusion, trading can be done anywhere you have a cell phone with internet. You can become very wealthy using these crucial tips to trade penny stocks.

Now that you know the tips to start trading by cell phone why not get expert penny stock picks as http://www.pennystockpicks4u.info.

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