Where is the best place to buy penny stocks?
Asked 4 years ago
What are the recommended penny stock platforms? I saw some cannabis stock that I feel might spike once it becomes legal in more states.
Andia Rispah Igobwa
Tuesday, April 27, 2021
While you can find some penny stocks on major exchanges such as NYSE and Nasdaq, penny stocks often do not meet their listing requirements.
That said, you can find them on over-the-counter bulletin boards and pick sheets. But, they generally involve increased risk and exposure to price manipulation.
Also, finding penny stocks can be difficult. Take your time to research penny stocks lists and gather more information on individual companies to increase your odds of success.
So many websites offer lists of excellent penny stocks investments, but it’s important to proceed with caution to differentiate between legitimate penny stocks and scams.
Finding a reliable list is the starting point, and an excellent place to start is the wall Street Survivor’s Investing Ideas page, which lists various penny stocks. Another option is the MSN’s Stock Screener, which allows you to filter stocks based on desired criteria such as price per share.
After checking various lists online, ensure to research each company using the fundamental analysis or technical analysis approach. Technical analysis is more common with penny stocks.
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