If you already have a stock broker or financial advisor, you should contact them to determine which penny stocks would be wise for you to invest in. Or you could read blogs online.
NO THERE ISN'T A GOOD COUSE THAT TEACHES HOW TO PICK PENNT STOCKS.
First, you need to understand that Penny Stocks are the most unstable and volatile stocks to have. They are not for long term investing, and you could lose ALL your investment funds quite easily. More information: http://www.wikihow.com/Pick-and-Trade-Penny-Stocks
A great way to pick penny stocks is to look at markets whose products you invest in regularly by purchasing. If you are already buying the product, you might as well get some of your money back!
There is no difference between penny stocks and cent stocks.
Penny stocks refer to stocks that are very cheap and be bought at a very cheap price, usually less than a $1 a share. The pros are if they go up, even a few cents, it is a big percentage of your investment. A con is that penny stocks are very high risk and have a high rate of failure.
You should check legitimate stock quote sites and search for penny stocks that have high liquidity. These stocks are the ones most likely to change in value over time. Don't fall for pump and dump scams involving penny stocks. If a stock tip is sent to you unsolicited, then it's a scam.
You can find information on NASDAQ penny stocks online at the All Penny Stocks website. Once on the page, hover over "Hot Penny Stocks" in the left navigation menu and click on "Hot NASDAQ Penny Stocks."
Canadian penny stocks can be bought through a financial brokerage office. Also an online platform service can be used. Detailed information about Canadian penny stocks can be found on the website All Penny Stocks.
The main advantage to buying penny stocks is that they are so cheap. One also has to consider the downside. The major disadvantage to penny stocks is that these stocks often fail.
Penny stocks, usually called common stocks, can be invested in for as little as $5 a share either at a brokerage firm or online. Consultation with a broker who specializes in penny stocks is recommended.
There are tons of websites out there specializing in penny stocks. My favorite is www.pennypicks.net/. They update their website every day with the best penny stocks.
Penny stocks can be found at thehotpennystocks.com. It is also wise to go to allpennystocks.com as that site provides all the penny stocks for both the United States and Canada.