Penny stock broker platform reviews

Posted: KKnop Date: 05.07.2017

Jeff Williams seems to be quite new to this And I would rather take a wait and see attitude.

Both moderators and other subscribers help create an atmosphere of learning and mutual assistance towards better trades. The site design, including the fast-paced chat room, is easy to navigate and use. PennyPro has a slightly different emphasis than the typical stock day trading platform. They also offer a wide range of educational materials, real-time alerts and three to five swing trades per month.

But is this penny stock platform worth your time?

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My two cents — and my complete, in-depth review — are below:. Real-time, live trading chat open to all subscribers and moderated by a PennyPro day trading expert. Include live trades, enter and exit alerts, and full audio.

Step 1 is for beginners. Step 2 is more users who have completed the lessons in the previous Step. Finally, Step 3 is for veteran traders or those who completed Steps 1 and 2 who want charting tips and candle patterns. Each step has about 10 lessons lasting between 10 and 15 minutes. Each webinar is about one hour long. These five training videos are designed specifically for users new to day trading in general. Each program is about an hour long.

SuperNova is a proactive teaching tool which actually tests what you know. This lets you clearly establish what aspects of trading you know and what areas you need to continue to work on. The left hand column shows all the subscribers currently in the room. Users are limited to discussing trades and other relevant financial subjects. After spending some time in the Stock Chat Room, I noticed that some of the regulars do stray a bit off-topic to discuss their personal lives.

There is an overall friendly, non-toxic atmosphere among the members. The large box shows a real-time ticker of the stock buys, exits and strategy decisions from the PennyPro professionals. This lets you watch the trading unfold live. This one is a bit tricky. Copy throughout the site refers to resident trade expert Jeff Williams. A Google search suggest Jeff was very recently promoted to the head of PennyPro, replacing former Head Trader Steve LeBlanc.

Hopefully the lack of on-site info about Jeff Williams is a temporary issue due to his recent promotion. I discuss the Education Resources further down. They list an office in the US and another in France, both with phone numbers. There are three price plans. As you can see, the main difference between the three subscription packages is the length of membership and a few DVDs. The main features, such as the Live Day Trading Room and the Video Library, are for subscribers of every level.

The Elite package gets you everything PennyPro offers.

penny stock broker platform reviews

This includes their complete package of day trading instructional DVDs, which I explain more about below. The downside is the high price. I believe most traders will get what they need from one of the plans above, and can safely skip the Pro Elite plan. As mentioned 401k investment options irs, the amount of educational content is a big selling point for PennyPro.

I work from home mumbai without investment especially impressed at the organization structure with the Steps. While the idea of exams might not sound appealing, I actually liked them a lot. But it can be easy to forget aspects of the industry over time. While the information in the DVDs certainly has value, I personally think most traders will be able to learn quite a bit from the videos, webinar and other lessons already available.

After all, the trading day can be fast and furious! Members can also contact the team using a special Member Support form. I made up a fictional problem involving my password, just to test their response time. I got a friendly, helpful reply within 24 hours.

This was on a Thursday during normal trading times. This could just be a temporary situation due to an apparent transition in primary ownership, however. But what if you already have some experience with online day trading? Then finding the right lessons becomes a little trickier. If you start with Step 3 materials, you might miss something useful in Step 2. Then again, you might waste a lot of time in Step 2 wading through tips you already know.

Fortunately, the resource section is cleanly designed and well organized. These types of day trading platforms can be pretty pricey. The videos, frequent webinars and even the virtual university all provide many options to learn.

The chat room is well designed, and with a bit of practice even penny stock broker platform reviews traders will be able to understand the penny stock broker platform reviews trading action as it unfolds in real time.

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Penny Pro Reviewed by: Bryan Jewell Published on: My two cents — and my complete, in-depth review — are below: Services Offered Here are the major services offered to Penny Pro members: Live Day Trading Chat Room Real-time, live trading chat open to all subscribers and moderated by a PennyPro day trading expert.

Mentor Program These five training videos are designed specifically for users new to day trading in general. PennyPro lists two offices on their website: Price Plans and Subscription Services There are three price plans. Here are the complete details: The main features, such as the Live Day Trading Room and the Video Library, are for subscribers of every level They also offer a PennyPro Elite package: Education Resources Available to Subscribers As mentioned above, the amount of educational content is a big selling point for PennyPro.

Regular, hour-long webinars with live chat roughly one every two months About 15 Video Lessons organized into three categories based on previous experience. Each lesson is about 15 minutes long. About five hours of Mentor videos designed to introduce new users to day trading 30 SuperNova University video courses.

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Stock Chat Room — Well designed and easy to read in a glance. Clear color combinations make identifying Moderators and Subscribers a snap, even when lots of information is scrolling past. Subscriber Community — Strict moderation keeps everyone on topic.

Community is friendly, helpful and knowledgeable. Lack of Biographic Information — The virtual nature of day trading means it can be done by anyone from anywhere. Plus, the PennyPro team in the Chat Room seems extremely well-informed about day trading.

You simply start at Step 1 in the education resources and go from there. Or you can start with the first video of the SuperNova.

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