Picking good stocks is not an easy thing if you want to make money in the stock market. This ability to pick stocks is what separates the boys from the men. The experts do not look at other peoples' recommendation and do their own thing. Well that is good and bad. In the stock market the information is everything and in case you do not have the time to do your own research then relying on some other websites can do the trick.

Before you start visiting other websites it is better to do a sanity check of the websites. The reason being that these websites in general dish out all sorts of advice. Some may be very good and some may be very bad. Most of these websites employ several writers so make sure that you sort out the best writer among them and only follow that person's advice.

Before acting on the advice make sure that you check the strategy that person is advocating. For example if an expert is recommending a stock for short term then it may not be appropriate for you in the long term. Sometimes it is hard to guess and you may fall into a trap.

This is all the more true for the penny stocks. Most of the penny stock websites as well as newsletters have been known to send out frivolous information which is used by these operators to pump up the stock price of these penny stocks for a day. These website operators then make their killing and later dump this stock. This style of scam is very common and these types of stock newsletters are known as pump and dump newsletters.

That said it is all the more important that you do your own research and then invest. Better still use the free information given in these stock analysis websites and then use your own stock selection criteria to narrow down the list to suit your investment philosophy. This way you cut short on time you need for research and yet you can reach your goals for investing.

All major websites dish out advice by analysts which are employed by stock research firms. Always read the disclosure before investing in these stocks. It may so happen that these stock analysts are merely trying to increase the stock price of stocks they own. In fact this tactic very common and you should always be careful when reading the analyst recommendations.