Anyone?

There is no such thing as a good penny stock to invest in.

When you invest/trade in penny stock you should never put up more than you can afford to loose and you should assume you will loose it all. Unlike regular securities, penny stocks usually do not let you use risk cutting procedures (options and/or stop orders) since most are not traded in a regulated market place. Since there no requirement on market makers in the OTC Market it may be difficult to find a buyer when selling is required.

They say when you buy securities you have a 50%-50% chance of making money, when you buy penny stocks you have a 50-50-90% chance, 50-50 chance of making money and a 90% chance of loosing money. Since there are no meaningful regulations for trading only those with trading experience stand a chance of being successful trading in penny stocks. Penny stocks are not for newbies. "Investing" in penny stocks supports the proverb "A fool and their money are soon parted".

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When buying penny stocks, like any other security investment, you never invest 100% of you investing capital. Penny stocks are fun to trade, but you should never count on them to be considered part of your primary investment objectives. One should not trade penny stock unless they have several years experience trading regular securities.

All that said, here are some websites that you will find helpful
http://www.smallcapinvestor.com/
http://www.stockwire.com/
http://www.otcstockexchange.com/
http://www.pinksheets.com/pink/quote/index.jsp
http://ragingbull.quote.com/cgi-bin/static.cgi/a=index.txt&d=mainpages
http://www.pennystocks.com/
http://www.penny-stock-brokers.org/
http://www.pennystockalley.com/
http://www.superstockhunter.com/
http://thestockmarketwatch.com/markets/pennystocks/today.aspx

Reputable firms ARE NOT permitted by law to recommend penny stocks as an investment.

All firms "tolerate" their client buying and/or selling penny stocks but most would prefer them not to.
From a broker/dealers point of view, penny stocks are expensive to trade, clear and maintain and usually customers that trade in such stocks are for the most part not familiar with the products or the markets.

To get into penny stock, just open an account with any brokerage firm you want, deposit the firm’s required deposit (usually $500) and you can begin to trade penny stocks HOWEVER unless you understand the markets and the stocks you would be foolish to invest/trade in any thing you know nothing about. Study the products and the markets before you do any investing..

Penny stocks are far riskier than other stocks. They are completely inappropriate for the novice investor.

Read the SEC (Securities and Exchange Commission) link below. If you do not fully understand all of these risks, avoid penny stocks.

Consider mutual funds until you gain some investing knowledge.

Great fund companies include Vanguard and Fidelity. Both offer discount brokerage services. Both have good sites and excellent customer service.

Good investment reading that should be in any decent library:

One Up On Wall Street – Peter Lynch
A Random Walk Down Wall Street – Burton Malkiel
The Intelligent Investor – Benjamin Graham

Mark Barton is an infamous Georgian who lost his fortune day trading and then went on a mass murder spreed.

Minus the murder, that’s what happens to most everyone who day trades!

If you’re seriously thinking about going into this line of work, PLEASE at least read up on the dangers of day trading:

http://www.fool.com/investing/small-cap/2004/12/27/daytrading-dangers.aspx

http://iml.jou.ufl.edu/projects/fall09/beaton_m/dangers.html

http://www.mint.com/blog/investing/the-dangers-of-day-trading-and-swing-trading-092011/

What would be a good way to learn to get really good at day trading futures?

Assuming I already know how to trade decently.

I’ve hired tons of people to do short-term day trading of futures contracts – given them everything and much better than you can possibly get. Bloomberg terminals, large amounts of capital, 24 hr trading support, OO-licenese to trade whatever contracts they want, professional risk management and nobody does it well. And these are guys with experience and resumes. Day-trading futures is too hard. Too much noise. You can’t do it.

Before you invest in any security, the first investment you should make is in yourself, and the best investment you can make is by educating yourself.

Start your education by learning why you should invest and the importance of being able to make your own decisions or how the pro’s make theirs.
Here is some reading material that can get you started in the right direction,
Beating the Street by Peter Lynch
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered, by Gallea
From Riches to Rags, by I.C. Freeley
Millionaire Traders, Lein & Schlosberg
How to Make Money in Stocks” by William O’Neil
24 Essential Lessons for Investment Success by William O’Neil
The Intelligent Investor, by Benjamin Graham
Common Stocks, Uncommon Profits, by Philip A. Fisher
One Up on Wall Street by Peter Lynch
Stocks for the Long Run, by Jeremy Siegel
The Interpretation of Financial Statements by Benjamin Graham
The Lazy Person’s Guide to Investing by Paul B. Farrell
The Warren Buffett Way by Robert Hagstrom
Trading for a Living, by Alexander Elder
Uncover the Secret Hiding Places of Stock Market Profits by Joel Greenblatt.
What Works on Wall Street by James O’Shaunessey
You Can Be a Stock Market Genius by Joel Greenblatt
Your Money and Your Brain by Jason Zweig

Get into the habit of making daily visits to some websites like MSN Money and Yahoo Finance. (http://moneycentral.msn.com/home.asp , http://finance.yahoo.com/

Other website that can provide instructions and help with procedures and terminology are Investopedia – http://www.investopedia.com/ http://www.investorshub.com/
Visit some of the more professional websites like Zacks Research – http://www.zacks.com/ Smart Money – http://www.smartmoney.com/ Schaeffer’s http://www.schaeffersresearch.com/ Some of these web sites will have advertisers who are worth looking into also. And remember, if they offer free information, get it. Or you can meet others who are trading at http://www.moneyshow.com/main.asp

Attend all the free seminars you can, just be careful and don’t get pressured into anything you really don’t want or need. Most schools offer courses in finance and economics, but very few will have courses on the mechanics of the investment markets, if they do try taking the course. You may want to consider on-line courses, the New York Institute of Finance use to have such courses. Try to get some fee information from the stocks exchanges they all have (had) free booklets, SIAC and some of the regulators (FINRA SEC MSRB CBOE) may provide some free literature.

And when you think you want to invest/trade, try some paper trading to test your skills without spending you money http://simulatorinvestopedia.com/ and/or http://www.tradingsimulation.com/

You at least have made the right decision to start investing, this is the first big step and it won’t be your last. Keep taking those steps forward and along the way never take the advice from people that are not in the market or try to tell you not to invest.

Good luck on your journey, study hard and you’ll invest/trade well

2. But there are several other Day Trading Systems which also claim to be the best. Please at:

http://in.search.yahoo.com/search?p=best%20day%20trading%20system

2. It will not be wrong to say that the best stock trading system should be able to pull information from a wide range of sources. This information is sliced and diced and compared, and then displayed in ways that the trader can use.

http://ezinearticles.com/?The-Best-Day-Trading-System&id=2624827

My common order type is limit. Is that available?

Thanks in advance.

Yes, the difference is in the price they trade at. The official definition of a penny stock is a stock that trades for less than $5/share. However, people commonly believe it applies to stocks trading for less than $1.00. These true penny stocks (less then $1) are never of investment quality and the great majority of investors simply lose their hard earned money to unscrupulous promoters who make a mint on hyping them, because there is no underlying value in the company.

Yes, even penny stocks can be and are usually bought on limit orders rather than market orders, due to their greater volatility. No difference in the buying and selling process, but some brokers (even online) charge a higher commission for those very low priced stocks.