The Top 4 Penny Stocks Trading Chat Rooms

While the concept of trading stocks online can be quite confusing, you can easily become a pro trader in a short period. Most traders shy away from investing due to volatility and the high-risk involved.

But when you have the passion to succeed, it’s not hard. Day trading chat rooms are online platforms where successful traders share their trading activities. Here are the top 4 chat rooms to contemplate.

#1 Timothy Sykes’ Pennystocking Silver chat room

timothy sykes

This chat room is owned by Timothy Sykes, a self-made guru in online stock trading. Tim made a name for himself after turning $12,415 into $1.6 million. The strategies he shares are derived from his own personal experiences. He works alongside Michael Goode (one of his
millionaire students).

In this chat room, traders share their technical and fundamental analysis of trading penny stocks. Because Sykes programs have so many subscribers, the pricing is pocket-friendly. Normally, Pennystock silver charges $149.95 per month which is lower than other comparable services. Novice traders can access over 4,400 existing video lessons.

While the chat room is a bit noisy due to many subscribers, you can filter for moderator posts. More interestingly, you’ll get alerts every time Tim makes a trade. It’s worth mentioning that these alerts are not for copying trades, but to give valuable information on the moves he’s making. These alerts will cost you $ 74.95 per month.

The Pros

  • You can access real-time alerts
  • Easy-to-use platform
  • Extensive video library
  • You can use the iPhone and Android app
  • The moderators keep everything organized during the market hours

The Cons

  • Tim’s extravagant lifestyle makes it look like a fraud

#2 Nathan Michaud’s Investors Underground chat room

iuThis is one of the vibrant day trading chat rooms on the web. It was created in 2008 by Nathan Michaud, a renowned stock trader. Investors Underground is the home to thousands of traders who share their trading ideas in real-time. In addition to that, it encompasses some of the most successful moderators like Tim Grittani and Eric Wood.

The platform offers three types of chat rooms including Swing, OTC, and Momentum chat room. During the market hours, they don’t allow off chart topics. To access the chat rooms, you can subscribe to the different plans. One month membership goes for $1297 while three-month membership goes for $1997.

The swing chat room is managed by Michele Koenig and puts more emphasis on technical trades. He consistently shares the trading ideas and unnoted chats with the members. If your day trading involves price action, then this is the chat room to be. You also get trading alerts if you don’t want to spend the whole day sitting in front of the computer. On the other hand, OTC trading chat room has moderators who are accustomed to stock trading. They give invaluable tips on how to trade penny stocks by taking the winning positions.

The Pros

  • Ideal for novice and experienced traders
  • You’ll find prominent traders with a track record of success
  • Traders access education courses, webinars, and video lessons
  • Moderators react in real time
  • Offer multiple trading styles

The Cons

  • Lots of trading jargon

#3 Ross Cameron’s Warrior Trading Chat room

picture of ross cameron

This chat room is owned by Ross Cameron who also works as a moderator. Being one of the biggest chat rooms, there are more than 1000 members who are actively participating in daily trading activities. The instructors offer top-notch training and live market commentary. Most of them have worked with one of the biggest firms on Wall Street. To ensure traders get the best odds for success, they usually get alerts via text or email. As an active member, you’ll receive a watch list of 3-5 stocks with the biggest winning potential.

What makes Warrior trading stack up above the competition is that it caters for both beginners and experienced traders. To get access to the chat room, you should sign up to monthly, quarterly, or annual membership. The annual membership costs $75 per month where you get unlimited access to live audio/video feed. Other benefits include market commentary from pro traders, live screening stock scanners, proprietary feed, and hot stock watch list.

Secondly, the quarterly membership costs $ 149 per month. The package includes Hot stock watch list, commentary pro traders, proprietary news feed, gap scanner, and audio/video feed. Lastly, the monthly membership costs $199 and includes daily video/audio feed, market commentary, daily hot stock watch list, live streaming stick scanners, and proprietary news feed.

The Pros

  • Offer expert trading tools
  • Ross Cameroon chimes in frequently
  • They have state-of-the-art scanners
  • The moderators are very friendly
  • You get 3-5 stocks on the watch list

The Cons

  • The monthly subscription is on the higher side

#4 Jason Bond’s chat room

jason bond picture

This chat room was created by Jason Bond. Its main focus is to teach how to invest in low-priced stocks without being glued on your computer. Here, members get up to 10 trades per week. Additionally, you’ll gain access to a wide range of audio/video feed and unlimited educational materials. Plus, members are privileged to receive text and email alerts whenever stocks rise or fall. According to Jason, you can become a profitable trader in 3 months.

Traders can access three subscription plans depending on their trading strategy. If you’re a day or swing trader, you pay $399 to access limited features. It’s suitable for busy professionals who are looking to make a few trades every week. With this package, you get education materials like audio and video feed, email alerts, and real-time texts.

If you don’t fancy swing trading, you can subscribe to long-term trading plan which costs $1,999. And if you’re looking to get premium mentorship from Jason you can subscribe to Millionaire Roadmap Plan at a cost of $9,999.

The Pros

  • The moderators operate with honesty and integrity
  • Excellent customer service
  • Constant updates in real-time
  • Access to a large video library
  • Jason gives his trading summary

The Cons

  • Relatively expensive

Best chat room as a beginner trader

If you want to start trading stocks, you should subscribe to Timothy Sykes chat room. It gives valuable trading insights that focus on larger trades. Besides learning his unique trading strategies, you get alerts which are sent via phone or email. Another reason that makes the chat room a one-size-fits-all package is the way of explaining. Tim has made it easy to understand.

Closing thoughts

As a new trader, you should focus on trading tools. To ensure you choose the best chat room that suits your trading activity, pay close attention to your personal trading style, amount of money you’re willing to invest, and your technical and fundamental skills.

 

The Perks Of Trading

When we think about making enough money for our family in life and making a good career for ourselves, a lot of the time we try to work every our god gives us to put food in the table and save for things like a good house and a family holiday each year. But did you ever think about all of the other ways you can make money this year and how easy it can be?

Trading is a way of making money which is fine by thousands of people across the world every day and it is a type of money making which can be incredibly useful for anyone in their adult life. Here are some of the reasons why you should consider to trade alongside your career this year.

It’s flexible

Trading is something which can be done on any scale, with any amount of money and any amount of time you happen to have available. It is not like taking a second job and it can be a truly helpful way to make some income for your family during the evenings while you are sitting down and enjoying a good film and a glass of wine. There is no reason why you can’t spend 30 minutes in the day checking up on the market and putting in a trade or two and then going about your daily business once more. There are no time limits so you can fit it around your day.

It’s not that hard

Trading is a subject which a lot of people avoid due to the reputation it has and the idea of the stock market being a little intimidating to some. However trading is actually much easier than you would first think and it can be a great way to earn some cash in your spare time. Just make sure to do a little bit of research before you start and start off with small amounts of money to limit the damage to your bank account.

It covers any industry

Trading isn’t something which is confined to one type of business and it’s not something which only covers big corporations. There are many different things to trade in such as property, oil inventory, farming and tonnes more. You can choose a subject you genuinely are interested in and make this your trading platform and this might make the process more enjoyable.

You can make a good income

money

The main reason why so many people take part in trading on the stock market is the fact that you can make some serious money if you make the right decisions and put enough money into it all. Think about for example if you could spend 10 hours a week on the stock market as opposed to 3 hours; you would have more time to research and plan, more time to put offers on and more time to make some money. People are able to actually live off what they trade and you could even make this your full time job in the future if you learn the system and how to play it!

It can be great for business

If you have a small business which you are trying to get off the ground a good idea would be to start trading in your spare time and this can be used then to put money into your business which you can use for success. Think about for example spending an hour at the end of your working day putting deals through and making some money and this can be used to expand your business and even start to hire staff for the venture.

You can do it anytime, anywhere

The beauty of trading is the fact that it is universal and it is online. This means that no matter what time of day and where you are in the world, you will always be able to make money for yourself and your loved ones. If you have gone on holiday for a while you can check up on your stocks to see how they are going and you can even put new ones on. It is a great way to stay focused on your trading while anywhere in the world.

You’ll enjoy it

If you love challenges then this will be right up your street and it can be truly fun to try your hand at trading in the workplace and at home. You might find it is a new hobby which you genuinely look forward to doing every day!

3 Ways To Learn About Online Trading

There’s one reason why many people don’t take the plunge into online trading. It’s because they don’t know the first thing about it! Not only does trading seem complicated, but there is also the risk factor. After all, if the person isn’t entirely sure what he is getting himself into, there is the risk of a bad investment. Of course, the rewards can be great. One way to build a nest egg or to amass a small (or a large) fortune is to invest on the Stock and Forex markets. Rather than avoid the risk, it’s worth educating yourself to find out more about what is involved. Rather than say “I don’t know what to do,” ask yourself “How do I get started?” What seems complicated at first will appear less so through a little education.

Here are three ways to learn more about online trading.

#1 Read about it

graham's book

Pick up an investing book from your local library or bookstore, and read all about it. There are books for ‘dummies,’ going through all the basics, to books that offer detailed opinions on investing for those who have already taken the step into the trading world. To get you started, consider The Intelligent Investor, written by the so-called Godfather of Value Investing, Benjamin Graham. According to those in the business, the book is one of the most influential investment books of all time, for newbies and experts alike. Then browse the internet for financial websites. You will find some advice on our site, as well as popular investment websites, such as Investopedia, which is a one-stop shop for everything you need to know about the world of investing. News websites such as Yahoo Finance and Bloomberg are also a great resource for beginner investors, as are financial newspapers, such as The Wall Street Journal.

#2 Take an investment course

a man working

You may find an investment course at your local college, but there are also courses available online. While most courses will require a fee, you can also find free courses that will show you the ropes. On the subject of courses, consider attending a seminar. Led by investment experts, you will learn more about investing through people who have had years of experience in trading. Be mindful, however. There are some courses, especially online, that cost a lot of money with very little value. As with the trading market itself, don’t get suckered in by something that seems like a good deal until you have done your research into who is behind the course.

#3 Open up a trading account

trading account

Look online for a decent trading platform, and familiarise yourself with the setup. Before you make your first investment, take advantage of the tools and tutorials that are available to you. Many platforms also offer demo tools, enabling you to trade virtually with virtual money, letting you get the hang of how everything works. After getting to grips with the process, it’s then time to take your first step into trading for real. Start small to mitigate risk, and you will gradually learn the art of trading through experience.

As a trading newbie, you do need to educate yourself before starting out online. There are risks involved, and mistakes can be made. By learning more about trading through the resources available to you, you will reduce the risk, and hopefully, be one step closer to making your fortune.