Have anyone try trading Penny Stocks? How does it work and what are things that I should be wary of?

Depending on your risk apetite. I would stay away from it. Rule of thumb for me , only invest in companies with market cap above 1 billion. Blue chip stocks.

Of course penny stocks would have higher risk and also higher returns.

It involves technical analysis and most likely you would have to be a day trader.

You can gain everyting and lose everything.Double edged sword.

I made a video on how you can do your monthly investment

https://youtu.be/BVjjhDfvlHk

Do consider watching it!​​​

If you want to try trading. Absolutely try in a test account first, otherwise you are guaranteed to lose your capital. Check out YouTube tutorials on how to day trade. Learn the basics from babypips.com. Only trade for real if you manage to consistently produce results in your test account.