I think more penny stock traders should look into currency trading. Look at the resemblance: - The pace is the same, volatile and momentum packed - High profit potential in short time spans - High loss potential in short time spans - Little money needed upfront for big gains - Technical analysis is your best friend - You're familiar with breaking down a penny into many numbers beyond the decimal Now here are the important benefits of Forex over penny stocks: - A handful of currency pairs to watch instead of trying to keep up with hundreds of stocks - Liquidity so you are able to sell many units (shares) at a time without issue - Legitimate for the most part unless you somehow start trading some weird currency no one has ever heard of - You can buy/sell as many times a day as you'd like without a $25,000 deposit - You'll have less DD to do when you stick with the major currency pairs - Your commission is the spread itself in most cases - Pump and dumps do not exist - Extremely difficult to manipulate the price in someone's favor, be it an individual or an institution - Market is open around the clock Sounds good so far? Well there are also drawbacks: - Unpredictable movement - Use of leverage - Get rich quick mentality The above three things will have you losing every penny you invest in Forex if you are not prepared. Don't put a single dollar into an account unless you have weeks of training on a demo account and have built up a solid understanding of technical analysis. You will need to establish a general trading system that brings you steady profit weekly to actually make money in the long run. I haven't been on here for a while but when I was I used to trade penny stocks religiously for a few years straight. Then somehow I just got out of the game probably because I got tired of losing money. Just recently I have discovered Forex and am happy to be back in the financial world and community. For me its not about catching that ten bagger any more, but rather catching the waves leading up to the big move. I'm sure I left out a bunch of stuff but I just wanted to start a thread so people get an interest for currency trading. It has got me excited the same way penny stocks did the first time I bought and sold them for those unheard of percentages.