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Penny stocks are shares offered by small and medium sized companies and usually cost less than $5 per stock. There are conflicting definitions where you find that some people believe they are shares sold at less than $1 per dollar. They are not traded in the stock exchange. Instead, they are traded by quotation which is an easier method of stock trading where you buy them over the counter.
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http://www.FreeInvestingLessons.com Over 30 FREE Stock Investing Videos! Stock market for dummies, online investing, learn how to invest,how to invest money safely. http://www.FreeInvestingLessons.com
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