Everyone has heard of the major stock exchanges where ownership shares of major companies are bought and sold and the fortunes of day traders are won and lost. While it is certainly possible to get rich while trading in the big leagues, it can often be difficult for those who are starting off from a relatively cash-strapped place to ever generate the momentum required to ensure a massive payday when dealing with stocks. Enter the penny stock, a variation of traditional stock that will never sell for more than $5 per share, meaning that anyone can get started making significant trades for as little as a few hundred dollars. If you like the sound of that, then this is the book you have been waiting for.
The name penny stocks is the general classification given to a wide variety of stocks that can actually trade at anything less than $5 per share. In addition to sticking to smaller amounts per share, these types of stocks are going to be able to first be listed after a much less strict overall review process than they would with the larger exchanges, which means that they are subject to a much greater degree of overall volatility than more tested stocks. This can work both for and against you, leading to major wins or major losses. This book will help you to ensure that you have more of the former than the latter thanks to an in-depth discussion of everything you ever wanted to know about penny stocks, creating a personalized trading plan, choosing a trading style, and analyzing potential penny stocks with plenty of tips and tricks and mistakes to avoid thrown in for good measure.
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