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Penny stocks free VideoTop 10 FREE Penny Stock Websites To Follow For 2016 They are not traded on major exchanges such as NASDAQ or the NYSE , so it is best to buy them without a traditional broker. All quotes are in local exchange time. Sites like E-Trade and TD Ameritrade will let you set up an account with a small deposit for making purchases and paying fees. According to the Securities and Exchange Commission SEC , "Penny stocks may trade infrequently, which means that it may be difficult to sell penny stock shares once you own them. They're better suited for short-term speculative plays.
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