Finally a site dedicated to providing quality information on Online Penny Stock Trading rather than trying to sell you scams.
With Penny Stock Trading we will take a serious, professional look at the business of penny stock trading. We will not be promoting stock picks or selling products related to the penny stock market. We will examine and present the cold hard facts and provide leads to legitimate established brokers and references.
As you will learn here, penny stock trading is not a means to “get rich quick” and it involves both serious work and serious risk.
The Motley Fool is one of the more long-standing and well-respected Internet resources for financial information and news. Simply put, if you’re even remotely interested in trading stocks regularly, you really should be reading it several times a week.
Just a couple days ago they published an article discussing penny stocks and
Be careful because penny stock fraud is frequent and pervasive. I don’t mean to scare you away from penny stock trading, however you need to realize that many unscrupulous individuals are out there eager to exploit newbies in this field.
The SEC (Securities and Exchange Commission) estimates that penny stock fraud costs the economy billions of dollars every year. As stocks not on the NYSE or NASDAQ often do not need to fulfill the same standards to trade within Pink Sheets or the OTCBB, they can be much more susceptible to being manipulated and falsified online.
While some microcap fraud may occur on the NASDAQ Small Cap Market, a vast majority of stock fraud occurs in the OTC Market. So proceed with caution and always do your due diligence when penny stock trading.
