Many people within the investment world consider Penny stocks to be extremely risky to deal in as they are not traded within the major exchanges eg NYSE, NASDAQ, AMEX.  They are however bought and sold within the OTCBB (Over the Counter Bulletin Board. Not for the faint hearted but those willing to take up a risk will often trade within the chinese penny stocks due to the low priced stocks available from Chinese companies.  Therefore is this sounds like something you would enjoy why not have a go and see if you reap the rewards.  Juat remember though to carry out thorough research before making your final decision.