Many investors are searching for the best free penny stocks information that's available on the Internet. If you are new to the world of penny stocks, it is a good idea to acquire as much background information as possible before investing in them. Penny stocks are defined by the SEC as stocks that cost less that $5 per share which are not traded on the major exchanges like AMEX, NASDAQ and NYSE. Penny stock companies are bought and sold via the OTCBB and/or the Pink Sheets.
OTCBB stands for Over the Counter Bulletin Board. A stock can be on both the OTCBB and the Pink Sheets. The Pink Sheets was named for the color of the paper on which its stocks were once listed. Companies that trade on the OTCBB and/or the Pink Sheets are considered riskier investments. One reason for this is because they are not required by the SEC to report as much public data as companies on the major exchanges are. Penny stock trading is risky, but with great risks can sometimes come great rewards.
If you're like a lot of investors, you want expert guidance to help you decide not only what to purchase but what to avoid. But can you really get that with free picks? It all depends on who is providing the information. Sometimes you can find quality expert advice for free that is provided in an attempt to draw traffic to a website. Other times the information is offered as a sample of what you'll get with a paid service. Of course, the Web is also filled with shady scam artists who may recommend a particular stock for their own personal gain.
When looking for the best free penny stocks websites, it helps to do a good deal of research about any expert or site whose advice you are considering. A history of successful stock picks is something you should definitely look out for when shopping for a free penny stock recommendation site. If none exist, you may want to keep an eye on the site for awhile and track their picks to see how accurate they are. The world of short term trading, especially short term trading penny stocks, comes with lots of risk. However for some thrill seeking investors it is the risk that makes it worthwhile.
5 comments:
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I have a website where I give advice on penny stocks. I have years of experience researching these type stocks. I would like to suggest a really great bargain. That is a solar exchange traded fund trading under the symbol {TAN} It trades around 2.50 down from 30 dollars 4 years. I believe that its one of the greatest bargain exchange traded funds out their.
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