Can Penny Stocks Make You Rich?
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Penny stocks offer a low entry and often the lure of striking it big. Who hasn’t heard about traders becoming millionaires in a short time by trading penny stocks? But is it any reality in this? Can you get rich trading penny stocks? Unfortunately not:
You are unlikely to get rich trading penny stocks. Quite the contrary, you are much more likely to lose most of your money. Penny stocks and OTC stocks have an average negative annual return of 24%. Over 90% of penny stocks fail.
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