What is the best penny stock out there?
Ive never bought any stock and i wanna try a penny stock 1st. Which 1 do you prefer and whats the best web site to buy and sell from.
There is no such think as “the best” stock, let alone a good penny stock.
When you invest/trade in penny stock you should never put up more than you can afford to loose and you should assume you will loose it all. Unlike regular securities, Penny Stocks usually do not let you use risk cutting procedures (options and/or stop orders) since most are not traded in a regulated market place.
They say when you buy securities you have a 50%-50% chance of making money, when you buy penny stocks you have a 50-50-90% chance, 50-50 chance of making money and a 90% chance of loosing money.
When buying penny stocks, like any other security investment, you never invest 100% of you investing capital. Penny stocks are fun to trade, but you should never count on them to be considered part of your primary investment objectives.
All that said, here are some websites that you will find helpful
Good luck, but you really should re-consider go into penny stocks, since they sell that low for a very good reason.