Penny Stock Message Boards

How to Use a Penny Stock Forum to Find Hot Stock Picks

Penny stock message boards. A list of penny stock forums. How to use a stock forum to find new penny stocks to watch without getting ripped off.

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But the truth about penny stocks message boards is that there are a lot of shady people and also many inexperienced traders who routinely post on them.

Because of this you have to take everything you read on a penny stock forum with a grain of salt.

A common penny stock profit scam is to buy shares of a stock at a low price, then post a lot of encouraging messages on penny stock forums for the purpose of driving the price of the shares up. Then the scammer sells his shares into the ensuing buying frenzy.

This is called pumping and dumping. It's illegal but people still do it. This is the main thing you need to be cautious of when using stock market forums.

The other big pitfall is that there are so many people on them who don't know what they are talking about. After visiting these online communities for a while, you will develop a 6th sense for who to listen to and who to ignore.

To protect yourself in the interim, ALWAYS do your OWN research before buying someone's free penny stock picks.

I have discovered some of my best penny stock trades on penny stock forums but it's a bit like panning for gold. You've got to sift through a lot of worthless pebbles to find the few valuable nuggets.

A paid penny stock picking service like this one is a much better way to learn about profitible penny stock trades.

Best Penny Stock Message Boards

Allstocks - Stock bulletin board. Forums for swing traders, stock picks only, pink sheets stocks, micro penny and hot stock picks.

HotStockMarket - Popular penny stock forum.

Investor's Hub - Free and paid membership penny boards. The over the counter stock exchange board (OTCBB) is free.

Yahoo! - Penny stock message board.

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