There are many ways to make money online but can a person trade penny stocks and make money online? The answer YES! You  will need some investing knowledge but you do not have to be a stock guru. Most start  investing in something other than penny stocks before discovering the potential in these smallcap stocks . Most trading platforms do not mention penny stocks.

However there is plenty of money to be made trading penny stocks with online trading accounts. Here are the steps necessary to get started:

1. First sign up for one of the many online trading accounts out there. I would suggest either Etrade, Ameritrade or Scottrade.
2. Fund the account mostly this can be done by ACH transfer..
3. Then you will want to do some research. You can do this on your own or go to investing forums (Beware of false and misleading     advice).
4. Now you are ready to buy penny stocks through your online trading account and sell fast when  there is a significant gain.