How Do You Buy And Sell Penny Stocks Online?
When you’re ready to buy stocks online, all you need is an online brokerage and information regarding your trade and stock. If you have this, then you’re ready to submit a buy order. When you’re done, your order will return a trade receipt with the number of shares purchased, the purchase price, date and exchange traded. Low-priced stocks (penny stocks) trade on over-the-counter exchanges. Due to the low price and value, they are usually lacking in trade volume. This lack of liquidity is the primary challenge in trying to buy or sell penny stocks. Step 1 Understand where to trade penny stocks. Penny stocks are traded on the Over The Counter Bulletin Board (OTCBB) and the Pink Sheets. These exchanges do not have the same rigorous federal requirements as the New York Stock Exchange. Step 2 Understand what you’re buying or selling. A penny stock is either a new business or a business in (or close to) bankruptcy. While these stocks are inexpensive, and the payoff can be great, they are als
