Have $5 or less with an interest in learning how to invest, starting small? Do you have a restaurant dinner's worth of money to invest in an easy-to-read self-help guidebook on how to understand the ins-and-outs of trading Penny Stocks? The beginner's guidebook Penny Stocks for Dummies by Peter Leeds is a self-help informational book with "cheat sheet" tips on the how and what of getting involved in trading Penny Stocks.
Also called Cent Stocks in some countries, investing in Penny Stocks are growing in popularity, especially during conditions of a "combination of increased understanding and tough economic times." This Penny Stocks For Dummies book review will provide a guide to interested, beginning investors about how Penny Stocks work, how to trade them, and how this guidebook compares to other informative self-help books on investing in Penny Stocks.
What Are Penny Stocks?
Penny Stocks are small common shares, usually under $5 investments, in small publically traded companies that trade at low-cost shares; It is an ideal opportunity for a beginner with small amounts of cash. Small Capital Markets in which Penny Stocks are traded can be a lucrative investment of watching your modest under $5 investment capital grow into larger earnings if chosen wisely and correctly. Investing in Penny Stocks can be risky if unaware of the potential scams and high volatility due to manipulations.
One must be cautious trading Penny Stocks as the risk is considered high due to the lure of the "hope of large and quick profits," and one must also be realistic of investing in Penny Stocks because the "low market price inevitably leads to low market capitalization." Stock promotors may commit Penny Stock "pump and dump" fraud by buying large quantities of stock and "pumping" up the share price through inflation and "false and misleading positive statements" and then "dumping" when the fraudster sell their holdings after the hype of unwitting investors quickly buying the increased share price.
However, the reputation of Penny Stocks has potential if one is willing to learn from reading the Penny Stock For Dummies Book and follow the expert advice "without falling victim to the most common, and costly, mistakes." Some of the largest companies today had humble roots starting out as selling shares of their stock at below $5!
"For Dummies" Series Books
Designed and written to be unintimidating and instructional guidebooks, the "For Dummies" Series Books covers a multitude of topics broadly ranging from Chess For Dummies to Fishing For Dummies. It breaks down topics into a relatable, understandable language and most "For Dummies" books are organized into parts or groups of related chapters. The "For Dummies" Series Books have achieved world-wide acclaim "with editions published in numerous languages."
The Series Books are "an example of a media franchise, consistently sporting a distinctive cover-usually yellow and black with a triangular-headed cartoon figure known as the 'Dummies Man,' and an informal, blackboard-style logo," The first title published in 1991 was called "DOS For Dummies," written by Dan Gookin and was popular from the start "due to the rarity of beginning-friendly materials for using DOS,." The "For Dummies," Series' success is evident "with more than 200 million books in print and around 2,500 titles,".
What Is the Penny Stocks for Dummies Book?
The Penny Stocks For Dummies Book is one of the 200 million "For Dummies" Series Book in print and is proving to be a popular instructional guidebook to navigating the world of understanding what Penny Stocks are and how to trade them. This helpful guidebook is recommended on numerous online sources as "Best Of" or "Top Pick" of Penny Stock Books. With the valuable reputation and success of the "For Dummies" Series Book's no-fuss, easy-to-understand writing strategy, it is no surprise why this Penny Stocks For Dummies Book is at the top of lists and ratings across the worldwide web.
Written by author Peter Leeds, also known as "The Penny Stock Professional," "this hands-on, friendly guide takes the guesswork out of investing in penny stocks and gives you the knowledge to make smart investment choices that can yield big returns," Leeds instills a sense of confidence in learning "how to identify properly and purchase winning penny stocks," and reap high rewards.
He has been featured on mainstream media interviews and publishes an online newsletter called "Peter Leeds Penny Stocks" which can be found on PeterLeeds.com. He has previously written "Invest In Penny Stocks" that received rave reviews described as "compelling, revealing, and original."
What makes this book shine and stand out is the author Peter Leeds as an authoritative leader on the subject of Penny Stocks. The Penny Stocks for Dummies Book is part of the "For Dummies" Series and is available in 336 pages in paperback or on various E-Readers and smartphone apps such as Amazon Kindle.
The publisher is For Dummies and the 2nd edition was published on April 18, 2016. The editorial reviews offer the description of the back cover as describing how to "discover and purchase lucrative penny stocks, identify growing trends and market sectors, [and] grasp the basics to make sound investments." It summarizes the key line for the book as "Want to win big? Think small!" The inside content features the pros and cons, common pitfalls, and tips and more of Penny Stocks!
The Penny Stocks For Dummies Book is purchasable online on the Amazon.com marketplace as a new paperback for about $15.63 or as a used paperback for approximately $11.48 plus the shipping cost if one does not subscribe to Amazon Prime. It is also available on the Amazon Kindle E-Reader for approximately $11.99.
Another alternative is downloading the free Amazon Kindle app and purchasing and perusing the book on a smartphone or tablet. These prices are approximate and subject to change due to availability. Another alternative is checking if your local bookseller such as Barnes and Nobles carries the title but expect to pay the full list price.
How It Compares
We picked a couple of similar products available on the market to see how they compare. We compared the prices, the ease of use, and the design quality of the following books to the Penny Stock For Dummies Book by Peter Leeds:
“An American Hedge Fund” by Timothy Sykes
“The Guide for Penny Stock Investing” by Donny Lowy
Penny Stock: Trading QuickStart Guide–The Simplified Beginner’s Guide to Penny Stock Trading
Where To Buy
We will also analyze the Pros and Cons of each book.
The approximate price to pick up a paperback or download on an E-Reader of Penny Stocks for Dummies is rated in the $16.99 price range.
Ease of use
It is 336 pages in paperback and is accessible on an Amazon Kindle tablet or on a smartphone Amazon Kindle app which gives it a 4-star rating for Ease of Use.
The Penny Stocks for Dummies is part of the "For Dummies" Series Books which features a common paperback cover theme of yellow and black colors and a chalkboard type title logo and the cartoon-like "Dummies Man" on the cover. It is a consistent design throughout the "For Dummies" Series Books which give the Design Quality a superior 5-stars!
A definite Pro is the author Peter Leed and his professionalism and authority on the subject of Penny Stocks which leaves readers in good, knowledgeable hands. Another Pro is the book's availability as a physical paperback or E-Reader download or smartphone/tablet app from Amazon.com. Yet another Pro is the "For Dummies" website offering a Penny Stocks For Dummies Cheat Sheet which is an incredible and invaluable resource to further understand the book and the concept of Penny Stocks! The author Peter Leeds maintains an author Page on Amazon.com where one can follow his updates and books.
A Con is finding other choices of store retailers or online dealers besides behemoth Amazon.com.
"An American Hedge Fund: How I Made $2 Million as a Stock Operator & Created a Hedge Fund" written by Timothy Sykes is a relatively recent book published on September 24, 2007, explaining how Sykes invested "$12,415 of Bar Mitzvah Gift Money into a fully audited pre-tax sum of $1.65 million while still in college." With that capital, he created his hedge fund Cilantro Fund Management, LLC achieving number one ranking for short bias hedge fund for 2003-2006 by Barclays. What makes this book unique is the author Timothy Sykes and his moving Rocky Balboa-like personal story.
This book “is the first realistic look at the world of stock trading and hedge funds-it will educate and inspire everyone.” The cost of the book is in the $19.95 price range but is slightly higher in cost for paperback than the Penny Stocks For Dummies Book; however, it is also available as an Amazon Audible free audiobook via a trial of the app which is a neat alternative reading experience. There is a low quantity of the paperback version left on Amazon.com. However, the stock will be replenished.
Ease of use
The Ease of Use earns a superior 5-stars because it is a presumed page-turner and is a smaller book at 235 pages.
The front cover design is appealing with a nerdy-pixilated font title and a statement from Kevin Kelly of bloggingstocks.com that draws the reader in: "Finally! A follow-up to the classics, Reminiscences of a Stock Operator and How I Made $2,000,000 in the Stock Market." The book is a medium-size giving the Design Quality an exceptional 5-star rating.
A definite Pro are the raving Editorial Reviews exclaiming the book's "realistic portrayal" of a "natural trader come of age" and "the risks, rewards, joys, frustrations, exhilaration and the depths of a trader's life." Another Pro is the book's appeal to draw the reader in with interest and the page-turning readability of a 235-page medium, ideal sized compelling account of Timothy Sykes' incredible life feat. Yet another Pro is that the author can be followed on Timothy Sykes' Amazon Page which builds a connection to the author by learning more about the author and following his latest endeavors.
Even though we love the inspirational aspect of this book as a personal success story narrative, a Con could be that this may not be an instructional, how-to guide for the average person trying to learn how to trade stocks and create hedge funds.
The style of writing of this book is a practical educational manual that offers helpful information and strategies and real-life examples of how to be a successful penny stock trader and investor.
“The Guide for Penny Stock Investing” written by Donny Lowy is a considerably older book published on September 25, 2000. It is similar in price as the Penny Stocks For Dummies Book in the affordable $18.08 price range, however, the stock of the item is very low, and the future availability may not be as reliable as the previous two books. This book is “dedicated to the experienced and novice investor who wants to invest in penny stocks” and “offers the investment and trading strategies used by the author and other experienced penny stock traders.”
Ease of use
Customer Reviews on Amazon.com gave it 3.2 out of 5.0 stars, suggesting the Ease of Use to be not as relevant for 2018; The book's use of real-life examples is outdated considering Xlibris, Corp. published it in 2000 - a lot has changed in the world of Penny Stock trading and the rise and fall of companies and investment strategies. The Ease of Use, therefore, earns a modest 3-stars as it might be wise to learn the history of trading Penny Stocks at the turn of the 21st Century.
The Design is much more serious than the previous two books and features an all-capitalized font and a front cover picture of numerous international coins and currency. It is also a relatively short, medium-sized book at 168 pages which makes it a convenient read. Therefore, this book earns 4-stars for Design Quality.
A Pro is that this book is a little gem of history in learning the ropes of Penny Stock trading in the early 2000s.
A Con is that this book is not readily available and is not a top, recent pick for customers on Amazon.com. The author also does not have an active Amazon Page to follow updates and books which is another concession.
The Penny Stock: Trading QuickStart Guided is written by the financial experts at ClydeBank Finance. ClydeBank Finance is the financial "division of the multimedia publishing firm ClydeBank Media LLC" and is an influential force in "providing reliable, high-quality and easily accessible information to a global customer base."
This book is an easy-to-read, informative, and end-user focused approach to learning “how to avoid the pitfalls, manage the risks, and secure the fortunes that lay ripe and waiting within this exciting market.” Penny Stock: Trading QuickStart Guide is widely available and is modestly priced in the $16.99 price range.
One can choose to read this book in multiple various formats: Hardcover, paperback, Amazon Kindle, and Amazon Audible Audiobook via app., however, this is only a sampling of options. A new paperback version can also be found at Barnes & Nobles for a retail price within the $ price range, or considerably less if bought used on the BarnesandNobles.com online Marketplace. The choices abound!
Ease of use
This concise 96-page book was recently published on March 25, 2016, and is full of relevant, informative advice to navigate the world of trading Penny Stocks, therefore making the readability and Ease of Use exceptional at 5-stars.
The book rivals the Penny Stocks For Dummies book's yellow and black color themes on the cover, hinting at the book's competition. Even further so, the font is large and captures our immediate interest and attention, and it features an artist's rendering of Abraham Lincoln on a penny. This Design Quality is definitely rivaling the "For Dummies" Series Book cover look, and we are giving this healthy competition an excellent 4-star rating.
A Pro to this book is the accessibility and affordability. It is also very readable and concise and offers helpful information for both beginners and veterans in Penny Stock trading. Another Pro is the author's active presence on the Amazon.com's ClydeBank Finance Page for following updates and books.
A Con could be the obvious rivaling of the Penny Stock For Dummies book cover. However, we think it is original enough to boost healthy competition.
The Penny Stocks For Dummies by Peter Leeds emerges from the crowd as a fun, trustable, engaging, and resourceful book about learning tips-of-the-Penny-Stock-trade. It is distributed by the "For Dummies" media franchise and consistently delivers high-quality content with some whim, comical humor, and interesting cartoon illustrations. What makes it so unique is the Cheat Sheet offering on the website which summarizes key details and important advice and facts.
In this way, the "For Dummies" media franchise has made a name and reputation for itself, making rivaling competitors second best. Penny Stock For Dummies explains Penny Stock trading in an accurate and understandable way for the beginner learning how to start trading Penny Stocks. Learning should be fun and straightforward and picking up Penny Stocks For Dummies is like picking up the Penny Stocks Bible; It is a must-have staple to breaking down the barriers of learning the ropes to Penny Stock trading!