Penny stocks have been around for a long time.  I'm sure you have heard the term penny stocks during conversations with family and friends.  You have probably received email with enticing offers of instant overnight riches with these types of stocks.  It is true you can potentially strike it rich in a short amount of time with stocks. You should remember, as with any financial ventures there is a certain amount of risk involved.  To keep the risk down you should take your time and follow certain time-tested techniques to help keep your money safe and sound.