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It does not take very long when trading penny stocks (especially if you hang around on Twitter, Facebook, message boards, etc.) until you come across the tried and true “stock pick” scam. While it is most prevalent in the world of penny stocks, the concept still holds true for stocks on any exchange. In this Quick Tip lesson I expose how this scam works and why the majority of people will lose money, particularly those who are brand new to the market.

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