Penny Stocks, which are often called over the counter stocks (OTC) or sometimes called micro caps- are stocks that trade for less than $5 per share and are not sold on the major stock exchanges.
The reason these stocks are so cheap is that they are insured by small unknown companies and as a result they are naturally volatile.
This makes for great investment opportunities but that comes at a great risk for a financial loss.
Penny stocks are very risky, but they do provide an opportunity for the small investor to get into the market.
In order to trade penny stocks online, you need two basic things: a penny stockbroker (which I will discuss in detail in another post) and good information.
In this post, I want to discuss a good place to start to get the information you need to become successful in trading penny stocks. The service is called microcapmillionaires.
It a penny stock trading alert service that alerts traders to stock picks. It was created by Matt Morris in 2008. Let’s take a closer look…
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What is microcapmillionaires?
Microcpmillionaires is an online service that provides investing information on penny stocks. The online service consists on email newsletters with recommended penny stock picks complete with when to buy and sell.
The service was created in 2008 by Matt Morris. Microcap millionaires provide specific information on a variety of penny stocks. The information provided includes background information on the stock and the companies, where you should buy and where you should sell.
It provides a step by step process for those that are new to trading. Along with updates via the email newsletter, microcap millionaires features a members’ forum and training material to help the novice investor become a more experienced and savvier investor.
The information provided by Matt is based on his actual trading experience that he backs with data and numbers.
He gives his members’ the data, the expertise, and allows them to form they’re on conclusions about the information he shares with them.
The alert system (emailed newsletter) is easy to understand and follow. He has set his system up so you can make money while you are learning about the market and trading.
The service has been around for over a decade and Morris prides himself in having a platform that doesn’t “over hype” worthless stock that will waste an investor’s time and money.
Instead, the focus on this platform is to help the small novice investor find and profit from under performing and over performing penny stocks. It isn’t about making a quick buck; it is about helping investors.
The training material that you will receive as a member includes videos of Matt Morris explaining his techniques and principles for finding ideal penny stocks along with actually reports and data to get you on the road to becoming a successful investor with penny stocks.
Penny stocks attract many scammers, but Matt Morris has worked very hard to create a quality that anyone can use to get a leg up in the marketplace.
Who is microcapmillionaires for?
As mentioned in this post, micromillionaires is a service designed for the novice investor. The system is set up for small investments and for those people who may only be able to trade on a part-time basis.
Of course, all investing comes with risks and certainly penny stocks are by far no exception.
Micromillionaires is for those individuals looking to make money quickly in the market, but are not experienced, don’t know where to start, and don’t want to waste time.
How much does microcapmillionaires cost?
Most online trading course are very expensive. Most trading alert systems are expensive as well. Fortunately, Matt is very reasonable with price to join microcapmillionaires. Microcapmillionaires is $97 to get access to the training material.
It includes one month free of newsletter and stock picks alerts. He has included a 60-day money back guarantee if you are not satisfied. The service is very reasonable compared to other comparable services.
So, you may be asking, Is this for me? Well that is hard to say. All trading involves risks. However, if you are interested in trading stock and ensuring you have good information to proceed with then this is a good place to start.
Pros and Cons
- It is for beginners
- It is easy to understand and follow.
- The alerts are timely and relative.
- The information is up-to-date and helpful.
- Insights from an experienced investor.
- The cost is low compared to other similar services.
- 60-day money back guarantee
- It is NOT a “pump and dump” service
- It is not an automated service
- It will take some time to learn the system
- Even though you can do this part-time, you will need access to the market during the work week to take advantage of all of Matt’s picks.
- The focus is only on penny stocks which are very volatile.
Whether you are new to trading or have some experience but maybe not much success, if you are interested in penny stocks, should take a serious look at microcapmillionaires.
It is a must have online tool for any serious penny stock trader. It provides clear and concise information and training that any inexperienced trader can follow and learn from.
Again, Matt Morris’ system isn’t a “pump and dump” scam that often associated with penny stocks. Instead, it is real expert training combined with real world picks that you can use to make financial gains.
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- Trading always comes with risk
- You will need some background knowledge