NEW YORK--(BUSINESS WIRE)--In staying true to its mission to educate and advise today's small cap investors, Penny Stocks Lab has launched a virtual stock market contest that is free for its members to participate in.
In the contest, each player manages a portfolio of penny stocks (stocks trading below $5 per share), while seeking to increase their portfolio by the largest percentage, with the eventual winner claiming a $1,000 cash prize. The contest will encourage participants to hone their investing knowledge in a fun, risk-free environment.
"The risks that investors face in the stock market are often amplified when trading penny stocks due to liquidity and transparency issues, which are particularly prevalent in the OTC markets. With the release of our contest, we hope to allow investors the opportunity to acclimate themselves to the volatile nature of penny stocks, without risking loss of capital," said Michael Lord, president of Penny Stocks Lab.
The Penny Stock Investing Contest will also assist traders in developing their understanding of many core investing concepts including:
- Importance of portfolio diversification
- Implementing exchange orders based on market conditions
- Understanding the impact of commission structures
- Analyzing stock charts
- Using valuation multiples to determine price targets of equities
- Assessing the impact of macroeconomic indicators
To sign up for the contest, visit http://pennystocks.la/investing-contests.
About Penny Stocks Lab
Launched in 2013, Penny Stocks Lab is one of the preeminent small cap investor communities. The Penny Stocks Lab community was established to offer investors free, unbiased, and comprehensive education in an industry that is replete with misinformation. Penny Stocks Lab operates with the primary goal of creating successful small cap investors by teaching investing fundamentals with detailed trading guides, and by providing alerts for growth companies on the verge of breakthroughs.