Can you become a millionair by trading penny stocks


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Can you become a millionair by trading penny stocks

  1. 1. Can You Become A Millionair By Trading Penny Stocks?
  2. 2. There are plenty of penny stocks in the market. They are like a sword with two-edge, whoever invests in penny stocks can win a lot or lose a lot (sometimes may be every penny invested), but can penny stocks make millionairs? Or can you become a millionair by trading penny stocks?
  3. 3. Yes, can you become a millionair by trading penny stocks? Let take a look at what are penny stocks? There may be different precise definitions, but one thing can be very sure is they are very low prices and high speculative stocks which are traded at less than a dollar a share. They are highly volatile and can rise or drop hundreds of percentage points in minutes, sometimes can be as much as 400%. This is of course very dangerous, but if you know how to do it right, it is extremely profitable.
  4. 4. Now, you have a clearer view that what penny stocks are, what you need to know now is how and when to work quickly to maximise your profit? The best way you can do is only after you have put in hard hours, and hard weeks, and hard months and years to experience the market. And only you have made many trades using small low risk sum, and know how to analyse the trends and result over a long period. It means that you really understand stock trading, even you may do some lose trades, you can start trading a small quantity of penny stocks to gain some experience .
  5. 5. In addition, there are many shortcuts on offer. In the market, there are many “systems” available to help you to identify trends and profitable opportunities, but quite a lot of these “systems” are with huge problems. You need to know how to pick the right one. The biggest problem is these systems is relies on analysing the historical trends, and this takes time and effort. Anyway, there is still a new solution available.
  6. 6. There is software which has been created to perform scans of stocks, looking for companies which are forming bullish trading patterns (their stocks are about to increase). This software also records historical information constantly and learns more and more over time, and every week. It outputs recommendations of stocks it thinks should be bought or sold. These recommendations are only made when the software is confident in the outcome, based on the huge amount of data it has analysed.
  7. 7. But always remember, with all stock trading, there is no such thing of 100% win, especially in this volatile penny stocks market. Not every decision is correct, even the software cannot predict every possibility. But on the average, the software books a record of 105.5% gain weekly, even with some failure recommendations. This is a significant profits from penny trades, and if someone had put $5000 on each of the recommended trades, he would easily make $390,000 over 4 months of penny stocks trading. If you can control your greed and follow the system strictly, you are not far away to be a millionair .
  8. 8. Happy trading and best of luck
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