The Ultimate Guide to Investing in Penny Stocks eBook Manny Backus
Download As PDF : The Ultimate Guide to Investing in Penny Stocks eBook Manny Backus 
The odds are stacked against you on Wall Street. After all, when you open your Ameritrade account with a deposit of a few thousand dollars, you’re competing against multi-billion dollar hedge funds, foreign investment banks, and big institutions like pension funds, all staffed by hundreds or even thousands of MBAs and PhDs. These professionals work literally around the clock, spending millions of man-hours every year, just to make a fraction of 1% on any given trade. They have years of experience, proprietary statistical models, and—most importantly—access to inside information.
Can you beat them? Sure, it’s possible—but for most traders, it isn’t likely… Unless you choose to trade stocks where mammoth size is a detriment, not an advantage The world of penny stocks!
Of course the “Wall Street industrial complex” wants us to believe penny stocks are a “sucker’s market”—they need us to buy stocks listed on the NYSE, Amex, and NASDAQ through their overpriced brokers. They need us to pay their big institutional firms to manage our money. The mainstream financial media (CNBC, Bloomberg, The Wall Street Journal, etc.) are dependent upon these exchanges, brokers, and institutions for advertising revenue, so they’re more than happy to conduct the propaganda campaign against penny stocks. It only makes sense.
Now the truth is that, yes, there are some scam artists pushing penny stocks to gullible novices who want to “get rich quick.” But this is true of every market everywhere since the dawn of mankind. Fools and money quickly part, and that’s just as true of the penny-stock market as anywhere else—but you’re not a fool are you? It’s fairly easy to see through penny-stock scams, which this book goes into great detail about, but if you’re smart enough to know that anything “too-good-to-be-true” is too good to be true, and you’re willing to invest the necessary time and energy, then there isn’t a better investment class in the world than penny stocks.
The Ultimate Guide to Investing in Penny Stocks eBook Manny Backus
Very informative, this book truly motivated me to learn more about trading. I purchases a few more penny stock books after finishing this book, Highly Recommended for beginner traders.Product details
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The Ultimate Guide to Investing in Penny Stocks eBook Manny Backus Reviews
Nice primer, easy to follow, explains how markets work and the incentives of buyers and sellers. Since downloading the book was free to Prime subscribers, I do wonder if the author has ties to the analysis service that he suggests, the tone of the book suggests not. I'm planning to buy a book from the same author.
This book has a lot of good information in it. The author warns the reader (multiple times) not to invest what you cannot afford to lose, but he does give you a good strategy (note -- not a 'system') to invest in penny stocks. It is not a 'get rich quick' guide by any means. He just explains ways to mitigate loses and ride upswings in the market. He focuses on how to find the right stocks and emphasizes that you will need to put in the work to be successful, otherwise you are just gambling.
He does push his website for investing, but it is not overly done (and there is a lot of other valuable information not related to his website). He spends a lot of time warning you about the grey market and scams, and explains how to avoid getting caught in these traps.
I have just started learning about penny stocks and this book has been very helpful in teaching me the basics and more.
This was a very informative introduction for an investor interested in how the penny stock market moves. It gave some interesting seldom known facts about the media and big industry manipulation of market investing; again, very informative.
The book was a steal for the money I paid.
Very good summary on the ins a nd out s of penny stocks. Highly recommended book for an y one starting out.
While I think that I was looking for more because of my experience, this is a really good introduction to penny stocks for anyone who knows very little to nothing about the stock market, and particularly trading in penny stocks. It takes a no-nonsense, simple approach to investing in penny stocks, and leaves the reader ready to move on to more complex works in the area. Particularly important are the cautionary statements about this venue, and some no-nonsense advice on due diligence before investing.
The book is a little disappointing in that I really didn't find much new as I had expected, but some of it is interesting to read.
The majority of people who invest in penny stocks have $500.00 or less. They are a dubious crowd...None the less...they are a crowd in need...IMO your advice of investing in stocks priced at a dollar or more takes away the idea of what makes America so great....rags to riches....So, I give you a 3 star...no doubt your book was a lot of work...but perhaps a penny investor's reality is to move to Vegas and to bet on sports.....better return....better odds.
Very informative, this book truly motivated me to learn more about trading. I purchases a few more penny stock books after finishing this book, Highly Recommended for beginner traders.
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