Are you wondering how to find penny stocks?
If so, you have plenty of company in the persons of prospective colleagues who also want to know how to find penny stocks. A basic comprehension of why penny stocks can often be elusive is crucial for beginning speculators.
Why are penny stocks so difficult to find?
Penny stocks are widely regarded as “red-headed step kids” of blue-chip securities. Consequently, most mainstream brokers avoid them like pecuniary plagues. This collective reticence stems from a universal economic law that you “get what you pay for.”
In essence, penny stocks are fund-raising projects hosted by fledgling concerns and untried venture sponsors. Parties in such dire straits rarely have big advertising budgets. Thus, extraordinary effort is necessary to excavate rare golden nuggets from vast financial penny stock mines.
How to find penny stocks online
Virtual reality has made it very easy to glean accurate insights and invaluable guidance in your quest for the best penny stocks. Below is a trio of terrific tips for winning the race to high-yield penny stocks:
Internet investment forums
Many investor-friendly websites currently exist to assist would-be traders to learn more about how to find penny stocks. Bankrate.com and MotleyFools.com are two noteworthy examples. Both sites offer periodic e-newsletters that feature credible input from reputable sources. Even better news is that these gems of investment wisdom do not cost a single penny.
Web-based discount brokers
Conduct a search engine query for consumer reviews about virtual discount stockbrokers. Visit the top two or three most promising e-trading platforms to conduct cost comparisons of commission and fee structures. Then, simply open and fund an account at the most appropriate venue.
E*Trade.com is a rare but excellent example of a reputable online stock brokerage that customer access to over-the-counter penny stock bulletin boards.
Read between the lines
Review “biggest gains” lists that DOW and NASDAQ at the close of every trading day. Look for stocks with current per-share price listings at or below $1 USD. Click the symbol(s) displayed in respective adjacent charts for a free, quick-start lesson on how to find penny stocks.