There is NO advantage in trading penny stocks: The commission fees are the same. There is even a disadvantage with ultra cheap stocks: A buy order for 10,000 shares may not be filled entirely unless you'v got the "all or none" option.
penny stocks are also riskier: Losing 10 cents on a $1 stock hurts much more than losing 10 cents on a $100 one. And don't worry, they all lose 10 cents as fast.
Be careful with simulator: It's not after one, three or six months that you will know if you are qualified for trading. Not after one year neither, but after 5 years.
There are times when it's very easy to earn money and times much more difficult. It takes 5 years to get an average performance.
But go ahead. The real investing is the only way to learn. You realy start to worry about the fuzz when your hard earned money is at stake!
It like playing a car racing computer game and driving a car in the street.
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Is the only way to loose money is if the stock goes bankrup or you sell for less than you paid?
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Yes. A saying goes that as long as you didn't sell you don't lose. Thought not every stock recover, many does.