This is a warning, especially to new traders starting with small accounts (<$1,300) and are hoping to make a success trading penny stocks. Earlier this summer, I began to trade penny stocks with the hopes of creating huge profits. I learned a lot from successful traders such as Timothy Sykes whom have made over $5 million in profits. Once I felt ready, I opened an E*Trade account, loaded it up with about $1,000 and began to trade my first stocks. I knew the techniques on how to find the best stocks daily and all that stuff. What crushed me were the commissions by E*Trade. They charged $13.90 per trade ($6.95 to get in, $6.95 to get out). So, if I made a profit of $10 on a trade, I would still end up with a $3.90 loss. Also, it takes 3 days for your money to clear up and be able to start trading again. After having almost $100 taken from me in commissions and having no profit gains, I decided to quit E*Trade. I looked into other brokers and Robinhood caught my attention. They give commission free trades, so I thought that this was my last chance at penny stocks. Their service is legitimate, but they have a slow and horrible customer service. You get what you paid for.

   After thinking about what am I gonna do next, I discovered Cryptocurrencies. Cryptocurrencies are digital currencies such as Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) to name a few. They have HUGE profit gains with low losses. You should research more about them and familiarize yourselves with Bitcoin. As I write this, BTC is now worth $4,484, ETH is worth $337, and LTC is worth $78. Also, the exchanges charge commissions so small that they are unnoticeable. On my first trade yesterday, I managed to make a $14 profit which left a good first impression on me. If you have any questions, you can message me or comment here. I will post another article sometime later on what Exchanges to use and to guide you through the whole process of trading Cryptocurrencies.