Will you be millionaire buying penny stocks?

Buying penny stocks has really grown in popularity throughout the years. It used to be that traders only would look at the mid and large cap companies, whether it be for long term trades or even day trades. But with the emergence of traders penny stock trading, the stock market has changed. People would used to have to have a big time bank account in order to bring in a high income. Mostly because you needed at least a few thousand dollars in order to buy just 100 shares of some mid cap stock. With trading penny stock though, the doors have opened for the working class people.

Will you be millionaire buying penny stocks? Well it's pretty hard to become a millionaire trading any market. Everyone knows the statistics, however penny stocks gives you an advantage that you can't find in most trading instruments: leverage. With the kind of leverage that penny stocks give a trader, it means that the average Joe on the street can play the market. Also, many of them have grown to be extremely successful traders, and it all started with trading these dirt cheap stocks.

People that brush off penny stocks as disposable, forget the fact that many gigantic companies have started off on the bargain bins. Imagine if you were able to buy shares in those companies when they were 15 cents a share? It's the kind of thing that would not only make you rich, but it also gives you some bragging rights. That's what buying penny stocks can do.

Some say that the stock market has gotten more realistic. Fantasy land is over and GAMBLING YOUR WAY TO RICHES is not an option anymore. You might get lucky a few times, but your constant loses can wipe you out sooner or later.