How To Find The Hottest Penny Stocks With the large number of stocks traded on the big board exchanges, it isn’t difficult to find companies in which to invest. However, when we say penny stock, it is a whole different story. Stocks that do not qualify for the regular exchange are usually listed on the pink sheets; this is where you can find your penny stocks and other stocks that trade for less than $5. You just need to find the hottest stock to trade in order to be profitable, read on to find out how. 1. Go directly to the Pink Sheets website. This is where you can find a list of stocks classified as penny stocks. In the Pink Sheets, brokers can publish bid and ask prices with few requirements. Pink Sheets have no requirements regarding market capitalization or size. Just Google pink sheets and it will direct you to a website. 2. Note the ticker symbol and quote for the stock that interests you. A ticker symbol is a unique symbol that each traded stock has, and your broker will need this information to know which of the stocks you want to invest in. 3. Before you purchase any stock, make sure your broker allows trading in penny stocks. Because of the nature and risk involved in trading penny stocks, very few brokers do. If your broker doesn’t, then you may ask for a referral. 4. Don’t put all your eggs in one basket. That is, do not purchase only the stock of one company. You will never know for sure which stocks will make a profit, and that is why it is good to diversify. Once you are now confident with your choice, contact your broker and place the order. Your broker then will need the ticker symbol and the number of shares you will be purchasing. 5. Just stay with the limit order because a regular market order can cost you, especially with penny stocks. Plus, a limit order will allow you to set the price you want to pay. This will serve as an automatic brake to your risk, especially if you are just starting out. Newbie investors tend to be hasty with their decisions, and having an automatic brake will really help control this kind of mistake. Investing in Penny Stocks has its risks, just like regular stocks in the market. The only thing that makes them different is that people who have less can invest and make a profit from this kind of stock. And if they lose it will not be so bad, it only cost them a penny. If you are short on capital and still want to engage in stock investing, you can start with penny stocks. For more information visit our site at: http://stockbrainiac.com/buypennystocks/