Penny stocks aren’t just another thing in today’s stock market. They have the potential to make you a millionaire if you are investing cautiously and consciously. Depending on the ideology of the company that you are investing in and the products and services that it offers, your bank balance can go up or down in this field. The whole world of penny stock is like a giant jackpot where you can be the winner in one second or try your luck several times to win nothing. Penny stocks are basically small cap investments where you are not involved with spending huge amounts of money like in major exchanges. You get to buy lots of shares at a small amount of money. But, the companies you will spend on is totally up to you. It is sometimes difficult to identify a company that can provide long term profit, but you can always get an understanding of the various symbols that represent different companies and accordingly you can choose to buy or avoid the shares of such companies.