Trading penny stocks: Where to start?

Hey, after searching the Internet for answers and not really finding what I was looking for, I have decided to ask people who actually have experience in this field, you guys.

So obviously I am a complete beginner and had a go at using CMC demo, which I actually found frustrating as it couldnt find any companies I was searching for and it just seemed delayed.
Basically I just want to put down an amount of money I have no problem in losing and get used to the whole process of buying and selling. I am not interested in long term as I find it exciting doing it on a daily basis.
i know to people with more experience this may sound irresponsible, but I am only a 24 year old student who has a few grand to utilize to get used to the whole process.
I am interested in penny stocks due to its extreme risk, but find that the companies I have been looking at are either in Amsterdam or in the US. So I was wondering if there was a online broker which would suit my needs in terms of only trading probably 5 times a month and that I would be able to do this internationally.
Also in regards to penny stocks, I found using stock market simulator games to have some fun, they couldn't find any of the companies I searched for even though for eg they were based in that country etc.
Any advice would be appreciated, and please remember, I am aware I am being naive and will probably lose the amount I start with, but this will not cause me any financial hardship whatsoever and I will learn from my mistakes.
Thanks in advance!

 

Re: Where to start?

Nope, not going to hop around Asia. Uni student so no time.
If I am planning to fail, it's a good thing it only affects me which I am fine with.
So is IB the cheapest online broker to use when wanting to trade in the US and Europe from Aus? I installed the demo, and it's a bit fiddley compared to cmc but at least finds the stock I am interested in.

 

Re: Where to start?

I checked IB, as far as I can see, being 26 years and under only requires $3000 to open an account? From others comments, I thought it was about $10,000 which I am able to put up, however due to my age I don't think I need to.
In regards to trading, since I will only be starting with a small amount of eg $2000 - $3000, are there any restrictions with IB that prevent you from buying and selling multiple times in a week with a small amount in my account? Basically at first, any profits I make after fees, I will not be reusing to trade. I will only use a set amount to trade to get comfortable with.
I know the amounts I am starting with are like pocket change to a majority of you, but I am starting with what I am comfortable with. I think it would be more irresponsible of me to start with more. after doing stock market simulators even stocks that are like eg 0.01 being sold at 0.02 which just go up and down every few days, still result in doubling my cash just by checking everyday, buying at 0.01 and selling at 0.02 and then repeat. I mean even if that meant I was making a profit of a grand a week on average, that's still a grand more than I would have if I hadn't been doing this.
Just in regards to whether I would enrol in a uni course if it meant I was worse off, uni degrees don't cost 2k so it's it's not really comparable.
Also no one plans to fail. Being realistic is not planning to fail.

 

Re: Where to start?

Realistic part - I am a beginner so only trading with what I am comfortable in losing.

 

Re: Where to start?

Wow, aren't you a bundle of joy to be around...
Someone's panties are riding a bit high today.

 

Re: Where to start?

I have books and been reading this forum like crazy. But what I was asking was about a broker site and people's opinions on it. I don't have any problems with getting advice but why on earth is tech/a so concerned about what I am doing... Its slightly strange.