Penny stocks are the stocks that trade below $5. But the definition is rather not so far better because some people thought penny stocks are basically low-priced stocks that sell below $1. However, we can use this term as the stocks that can be trade at a lower rate.
Day trading is an effective way to make profits on the penny stock markets. It is not difficult to start doing, and by keeping a few key points in mind you may be able to begin turning a profit within a few days of starting.