Those who play the micro-cap markets on a regular basis understand that searching for that one gem that will lead to penny stock fortunes is often times a futile search.

When looking for the best penny stock to buy right now these experts will almost always say it depends on what day and what time of day you are asking. This is because the penny stock markets can swing extremely high and low on any given day.

This is a good thing for someone looking to make short term capital on low cost investments. The penny stock or micro-cap markets are comprised of mainly small and very young companies that often fail. This is the risk factor in cheap stocks but there are ways to minimize risk and certainly make very nice profits.

The key with these markets is to have a very good understanding of "swing trading" or be provided some sort of information or penny stock tips form someone that watches the markets on a daily basis.

Finding penny stocks that you can make money with is not that difficult when you understand how much of an impact simple swings of a couple pennies can make when you can afford to buy thousands of shares in a cheap stock.

There are certainly tons of services out there that offer all kinds of stock and investment related information and many of them provide very good information.

Using one of these services for a new or young investor that has a few hundred dollars to invest is not a bad idea. You want to make sure you are connected with someone that has extremely current and relevant information as well as a solid track record.

Over all the answer to the question "What is the best penny stock to buy right now?" can be very tough but those that follow the markets can certainly offer a few opinions on any given trading day.