| Young, small, and new Canadian companies focused | | | | option. If you wish to go for the other options, be |
| on the field of commodities and technologies may | | | | aware that the companies are usually listed on the |
| now take advantage of the opportunities offered to | | | | TSX Venture Exchange because they first have to |
| them by Canadian penny stocks and this is their | | | | meet all the requirements of the Toronto Stock |
| great chance to show their skills and abilities to build a | | | | Exchange before they can finally enter TSE. In |
| good shareholder value. Canadian penny stocks are | | | | addition to that, going for the second option can give |
| available through the Toronto Stock Exchange and | | | | you the benefit of extra research services from |
| the TSX Venture Exchange for only $5 or lower. | | | | stockbrokers. The advantage of going for the first |
| Indeed, it's a great opportunity not only for | | | | and third option is that you can save a lot from the |
| companies but for traders as well since Canada is | | | | currency exchange cost when trading in Canadian |
| known for its rich natural resources and great | | | | pennystocks. |
| manpower as produced by really good Canadian | | | | Below are the steps to buying Canadian penny |
| universities. | | | | stocks: |
| Canadian penny stocks may be purchased through a | | | | Step 1: |
| stockbroker who is authorized to buy Canadian | | | | If you have plans of purchasing Canadian stocks, |
| stocks. Canadian dollar is the currency used in | | | | inform your investor about this plan because he will |
| Canadian stocks trading. As with any hot penny | | | | be the one to contact a stockbroker. The |
| stocks, you would want to choose a company that | | | | stockbroker will then facilitate the purchase of |
| shows financial stability in the future through | | | | Canadian penny stocks either through TSX Venture |
| developing highly-competitive products and increasing | | | | Exchange or Toronto Stock Exchange. |
| their sales and profits. | | | | Step 2: |
| If you are an investor from the USA, you have three | | | | Make sure to research on companies that are headed |
| basic options to trade in Canadian pennystocks. Your | | | | towards the positive direction so as to make sure |
| first option is to buy pink sheets. Your second option | | | | that your investment will gain profit instead of loss. |
| is to register an account with an authorized Canadian | | | | Step 3: |
| stockbroker. Your third option is to register an | | | | Decide on how much you are willing to invest on |
| account with an authorized US broker that has an | | | | these penny stocks. |
| entry to the Canadian securities. | | | | Step 4: |
| When you choose the first option, you need to be | | | | Make it a habit to visit the website of Toronto Stock |
| very vigilant and careful by doing your research since | | | | Exchange or TSX Venture Exchange daily so that |
| pink sheets are considered as an unregulated | | | | you can monitor how your Canadian pennystocks are |
| secondary market. Gather more information from | | | | performing in the Canadian economy. This way, you |
| people with experience trading in Canadian penny | | | | can decide whether to wait or let the stocks go by |
| stocks or from magazines and newsletter using this | | | | selling them. |