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Online stock trading with penny stocks can make you a fortune. Famous investors like Warren Buffet or Andre Kostolany made millions by investing in promising companies while these were still small. Most stock market beginners have the wrong approach to penny stocks though. They buy them because they look cheap. The shares just cost a few Dollars or Cents, how can that money be wasted?

I was reading an article today which maintained it is not possible to make money day trading. Naturally this piqued my interest because I day trade for a living and last time I looked I was doing OK. The article began by making the very valid point that the vast majority of day trading articles are not written by traders at all, but rather they are written by people marketing systems with hypothetical track records created with the benefit of hindsight.