Penny Stocks are a low value stock, usually under five dollars, that have the potential to make you a lot of money in a short period of time.
Since these stocks are so cheap, when their price does increase, even slightly, the stock holder will usually experience high gains.
The problem is, there is the equal chance that you will lose money.
However, before you buy penny stocks online, there are a few ways you can ensure that you are choosing profitable penny stocks.

• RESEARCHThe most consistent way to ensure profitable penny stock picks is to do research.
  Research is key and should be your number one priority before you buy penny stocks online.
  Proper research can determine whether penny stocks make or break you.
  
• NEWSLETTERIf you want to buy penny stocks online, then consider subscribing to a Penny Stock newsletter.
  These are a goldmine of information and will usually provide you with profitable penny stock picks.
  These are a great too for anyone who wants to start trading but doesn't have the experience to do proper research on their own.
  
• SOFTWARE Software is a great way to find profitable penny stocks without having to do your own research.
  These programs can rapidly analyze and research a stocks history and give you an accurate stock pick.
  These are one of the best resources you can use to buy penny stocks online.
  The problem with stock picking software, is that the price can sometimes be quite high.
  However, other methods can be just as successful.