This is the story of how I started my way as a binary options lame duck
and ended up being a guru in the penny stock industry!

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Hey there! Have you ever been thinking of getting rid of financial pressure to become more free, self-sufficient and successful?

Do you belong to the group of those who have been constantly chasing money and thus working for it instead of making it work for you?

If your answer is yes, then my story is definitely of interest to you. Check this out!

 

Click here to learn how to make money in penny stocks in 2017

 

This Is How It All Began…

For as long as I can remember, financial stability has always been the goal that I was looking to obtain.

Although I was born to a middle-class family, my parents were very conservative and did not indulge me with pocket money, and they taught me how to judiciously spend every single penny I had on me.

Of course, I wanted more! When I got older I promised myself to be making reasonable money despite all the difficulties I would encounter in in my life.

Like many young men, I started off with the catchy internet offers.

I saw dozens of multiple ‘money making deals’ and especially those associated with binary options and Forex trading.

As I was a finance student in my early 20s, I became very
interested in the trading business, especially in the currency market.

The binary options caught my eye first. Their pros seemed to be very impressive:

  • Over 70% payouts per trade
  • Minimum spreads
  • 50+ instruments in one place
  • Low initial investments
  • Sweet bonuses
  • Risk-free trades

My first binary options manager advised me to try out their welcome bonus but I turned his offer down, as it seemed like an unsecured deal for me.

However, I was very excited to get started as soon as possible and I hit the books to familiarize myself with the algorithms, trend analysis, fundamental cornerstones and other relevant material.

Yes, I did prepare beforehand and highly recommend other rookie traders to do that before investing any funds!

 

Click here to learn how to make money in penny stocks in 2017

 

At first, I was working hard to grasp the market sentiment to know where to enter and exit the market.

Systematically, I started receiving small payouts, and each time I was increasing my lot size the payouts were increasing accordingly!

I became confident in my trading binaries so I went further and invested more funds into my account.

Soon afterwards, I realized that the broker was playing unfair to me…

i lost my money on binary options 2017

Too many slippages and enter/exit buttons glitches, reduced payouts, time frames shrinking, withdrawal delays and so on and so forth.

My manager was ignoring my email inquiries as well as phone calls and I finally came to the conclusion that the broker was a plain market maker and did not intend to help me out in trading but made me lose instead.

It turned out to be a gambling scheme.

So I Lost My Money…

Well… I lost all the funds I kept in my trading account.

I felt very embarrassed and melancholy but there was not even a small chance to get a portion of the money back.

I played this game according to their rules and failed.

I did not even start a thread on forums to unfold the truth about this scammer because there were already so many of them and people desperately tried to seek compensation.

 

Click here to learn how to make money in penny stocks in 2017

 

Oh, well, unfortunately the internet police do not exist yet to protect us from frauds.

Luckily, I am not that type of a person who bursts into tears after a failure…

second chance - Luckily, I am not that type of a person who bursts into tears after a failure...

My Second Chance

You have to keep moving forward even if life hits you hard. Think positive and keep it up!

Therefore, after a couple of weeks I came back into my ultimate idea of how to make money online.

The financial industry remained a gold mine for me so I knew for sure I would be doing trading again and I turned my focus onto the Forex market!

There were a bunch of brokers out there at that time so I thought that it would be a great idea if I picked a well-known licensed broker for long-term business relationships.

I did my due diligence and all the roads, reviews and feedbacks led me to one reliable UK registered broker.

 

Click here to learn how to make money in penny stocks in 2017

 

I knew I had to start my trading journey completely from scratch but this turning point was a new step forward in my life experiences.

As days went by, I upgraded my trading skillset to a completely new level.

forex trading market 2017

 

Discovering the Forex Market

The Forex market has become an essential part of my daily life and I completely forgot about any financial troubles.

I have become an expert in currency trading with the focus on the major pairs.

High liquidity, volume analysis and classic price action techniques helped me achieve tremendous results, especially in 2016.

Unfortunately, due to a number of huge economic and political events (Brexit votes, Trump presidency, oil supply controversy, etc.) of the last year, the currency market has been dramatically shaken up and thus, to some extent, it lost its former attraction and credibility.

Since the beginning of 2017, I have not seen reasonable movements in USD, EUR and their counterparties. The GBP has dropped significantly.

 

Click here to learn how to make money in penny stocks in 2017

 

At some point, I realized that Forex trading was not doing that well and I had to search for other financial instruments to stay in the loop to keep making decent profits.

Since that time, I have read quite a lot of articles and books, gone through a number of market outlooks and eventually stumbled upon the penny stock market analysis.

Wait, What?

Yes, you heard it right! A way different market nature, a very different investor’s attitude, much better profits and less-risky environment.

The trading business is mainly about monitoring the trends, sitting at a computer to spot a better entry price and set a trade.

This is exactly what I have been doing for over 5 years now and, to be honest, I got bored.

However, with penny stocks I have completely altered my approach to intraday trades.

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No more tough analysis and speculative risk.

It is all about the stock market and thus industry analysis, competition, companies’ well-being, their financial health and profitability ratios.

 

So What Are Penny Shares Then?

Well, it is a type of publicly traded stock where investors have a chance to purchase it at a very low price (from $1 to $5 and sometimes for pennies, too) and sell it soon afterwards but with a ridiculously increased value.

 

Click here to learn how to make money in penny stocks in 2017

 

In addition, you can achieve that all within one single trade day!

Here is my personal list of reasons why I keep investing into the
penny stock market in 2017

 

1. Penny Stocks Are An Affordable Investment

Yes, it is obvious but still one of the main reasons why people trade pennies and turn them into nice profits.

You have skills, knowledge and you understand the game, but you do not have sufficient funds to get into the ordinary stock market. What would you do?

Exactly, you could choose penny stock trading and invest wisely without putting in an enormous amount of money.

Let me give you an example: you invest $5,000 and purchase 10,000 shares of a $0.5 penny stock. A great budget deal!

It costs you the same amount of money to purchase more shares of a penny stock than of a regular stock.

 

2. They Have A Nice Return Potential

Penny stocks are considered to be a constantly growing market. There are plenty of new and promising companies listed there and they have room to enhance and increase in value.

You as an investor have a unique chance to get a higher return potential within a short-term perspective.

Let me get back to our previous example. Suppose you have purchased 10,000 shares of a $0.5 penny stock.

 

Click here to learn how to make money in penny stocks in 2017

 

In the next couple of days, the price goes up to $1 per share and you will have received a 100% return or $5,000. And what if the price reaches $2?

Hell yeah, this is a very good deal and you should try it yourself!

3. OTC Advantages Over Regular Stock Exchanges

Penny stocks trade on the OTC (over-the-counter) market and specifically on the OTC Bulletin Board (as well as Pink Sheets), which is the NYSE or NASDAQ of microcap shares.

The capitalization of companies listed there is usually between $300mm to $2bn.

That could be both new joiners and mature businesses.

All the broker-dealers are connected electronically and since there is no standardized trading-floor, all the OTC listed companies have fewer requirement fulfilments as compared to the traditional stock exchange.

What are the pros of using the OTC bilateral contracts?

  • First off, there are a number of NYSE and NASDAQ stocks delisted from the regular stock exchange and moved to the OTC side. Investors have a chance to purchase once-best performers for a much lower price.
  • They actually do that because they expect a comeback of the stocks and this is the time when the allure comes in. Many top-movers went under due to various financial downturns but have a potential to recover in the form of penny stock shares.
  • All the OTC contracts run on a bilateral (buyer-sell) basis. It is literally a private deal with no need to disclose. The two counterparties have a right to agree on the stock price and quantity.

4. Due Diligence Helps You Achieve Great Results

Due diligence is an essential part of any investment or trading action but it is very much relevant with penny stocks.

 

Click here to learn how to make money in penny stocks in 2017

 

As mentioned above, pennies represent both small-size and medium-size businesses and literally a few minor pieces of news (likes personnel lay-offs or customer service complaints) or press releases could have a significant impact on their stock price movements.

You have to concentrate on the company’s financial ratios and profitability drivers.

Do not forget the operational side of the business and its product positioning.

The more effective research you conduct the better your trading results will be. That is absolutely guaranteed!

While trading penny stocks all you have to be aware of the following:

  • The name of the company
  • The ticker symbols (uniquely identified shares)
  • The price of the stock
  • The fundamental and technical analysis

 

5. It Is An Understandable Market

The penny stock market is way less rumored than binary options or Forex.

It is just simpler! Believe me or not, but Forex has gone so crazy that currencies spike or plunge just because of the alleged info or gossips that have no real supply or demand reasons.

Manipulation, news, rumors and the like are now in charge of market volatility.

Unlike Forex, penny stocks are still following the classical supply/demand trends with little variances.

This is what I actually love about trading pennies. All you need to know though is how to trade those trends, spot market reversals and trade them all the way up (or down).

 

6. Penny Stocks Are A Less Liquid and Leveraged Market

The ultimate goal of trading is of course making money.

Investors and traders seem to be taking risks to make as much as they can, especially when we talk about the unlimited profit potential.

Do you know how those people usually end up?

 

Click here to learn how to make money in penny stocks in 2017

 

Greedy people tend to follow the rules of the game in a highly leveraged market and eventually end up broke.

This is the only option they have. Not only did they lose all the money they had but they also owe funds to the once-best leverage provider.

Are you really interested in that? I don’t think so.

In the penny stock market, you don’t need to set high-leveraged trades.

The liquidity is low and so is the leverage. You simply buy shares on their way up and sell them on their down.

The chart patterns are easy to understand and you just trade conservatively and evolve over time.

 

7. The Chances of Succeeding Are Higher With Penny Stocks

The allure of trading penny stocks is that you can make a decent return within a short period.

Usually it is up to 30-40% in a couple of days.

My advice for all the people out there: if you reach that profit target, don’t go for more and sell the shares right away.

Yes, I mean it seriously! Sell them quickly, as greediness may kill you and wipe out all your profits in just one single trade. No need to aim for 500-700% per day!

 

Click here to learn how to make money in penny stocks in 2017

 

Of course there is a great probability of a stock to hit over 100% in a day but don’t go greedy!

The penny stock market has far less money as compared to Forex but you simply make this money and don’t get deluded. Your chances to succeed are very high here.

Why have I given preference to penny stocks over other
profitable financial market instruments?

A global financial market is full of handsome and attractive investments.

When I was doing my private research, I came across a very promising and, as it turned out, a reliable stock advisory service – The Microcap Millionaires™.

I was so impressed because those guys were terrific and really keen on what they are doing.

I would never ever trade penny stocks if Microcap Millionaires™ were not leading me.

Their unique system was designed to help all the members to pick the best movers and make tremendous profit on them.

Do you think that a 100% ROI is still not possible, huh? Then go and check them out!

 

Click here to learn how to make money in penny stocks in 2017

 

Email your questions at info@bestpennystocks2017.com or post in the comment section below!