Penny stocks are usually from companies that are either new or expanding. So it is futile to expect renowned names. For the reason that investment is low and the risk high, trading these stocks is great for beginner. But in quantities large enough, you can still make money. To open a brokerage account, contact a broker. He can suggest you how to get started. As the prospective for profit is low, a broker may not probably be interested. After you learn the basics, however, you can trade over the internet or phone without the need for a broker.