Where Can I Find Penny Stocks Online - 5 Places To Start

In this world where information can be had at the click of a button, you have definitely an overflow of data to consider in relation to penny stock investments.  The trick is in weeding out the useless from the valuable, which can be very confusing for a first-time investor.  Well, to make your job easier of finding the best penny stocks in the market, we present the following reliable sources.

Learning Sites

As usual, the Internet is one of the best, if not the best, resources for learning everything there is to know about penny stock investing.  You can visit sites like Investopedia, Peter Leeds and Penny Stock Picks, The Motley Fool and StockTradingResources.com, to name a few of the most reliable sites.

From these sites, you can get tips on where to find the best penny stocks, how to invest in them as well as information to hone your skills in fundamental and technical analyses.  If you are looking for "insider tips" without breaking any law ala-Martha Stewart, then these sites are the places to visit.

Stock Screeners

To be able to build a shortlist of penny stocks that meets your parameters. Think stock price, company positive earnings and involvement in a specific industry, to name a few criteria.  Of course, you still have to apply your analytic skills to these penny stocks such as fundamental, technical and Leeds analysis since some weeds may still be mixed in with the few desirables in the group.

Just to name two of the more reliable stock screeners, you have the Yahoo! Stock Screener and the Quicken Stock Search.  Choose one so that you may not be confused with the selection especially if you are a beginner in the industry.

Charts

Charts fulfill the adage about a picture being worth a thousand words.  Or in the case of penny stock investments, a chart is worth a thousand figures running down a page.  Basically, charts provide for a better way to track and analyze your stocks without running your fingers and eyes over pages upon pages of data.  Said data is already summarized at a glance.

On the Internet, BigCharts and Wall Street Research Net are known for their speed, reliability and accuracy of information provided.

Quotes

You can access free real-time streaming quotes from your online broker, which makes for faster decision-making.  If you have yet to avail of a broker, then Internet sites like BigCharts and Yahoo! Finance Quotes are the next best thing in this regard.

You can also get the latest in company news from the abovementioned sites.  This way, you only need to access one site for virtually all your needs in deciding whether you have to invest or divest your money in a certain company.

Portfolio Monitor

When combined with Paper Trading, a portfolio monitor like Yahoo! Finance Portfolio is very useful in keeping track of many stocks at once.  You can also apply this tool when you want to track many trading opportunities in one go.

There are other ways to get your information about penny stocks, of which financial news, stock profiles and message boards are the most popular.  Just make sure to compare one with the other so as to get a more comprehensive perspective.  And you will benefit by way of greater profits, too.