Should I start Binary trading to make few extra bucks, and then switch to penny stock market?

I m 17 years old, will be 18 soon.I really want to start penny stock market, but people keep saying to make the big money you need to start off with at least 1-5k.Now I know for sure I won t be getting 1k just like that(Some say you can start off with 500 bucks, but then again if I were to actually try and make

I m 17 years old, will be 18 soon.I really want to start penny stock market, but people keep saying to make the big money you need to start off with at least 1-5k.Now I know for sure I won t be getting 1k just like that(Some say you can start off with 500 bucks, but then again if I were to actually try and make money out if it, it might take me a whole day just to get 50 bucks.)So I thought of bringing in 100 bucks, and putting it on binary.(I know there is a risk of losing it)But the problem is people say its scam.I really don t get how its scam, they won t explain.And like within 60 seconds I can make 10 bucks or so, I saw some websites and they have like a percentage on what the people are going for.So that is like a little tip on to go high or low.And plus there is this other problem on what broker I should go with.

Other answer:

Army Usa:
It does not matter how you play with those methods; you will go broke. You will not be investing but gambling. You would have more fun going broke at a casino.

Penny stocks are cheap because those businesses are suffering or defunct. Why do you think you can make money by buying into ailing companies?

I recommend buying stock in strong companies that are earning good profits, then sit back and let the companies make money for you.

Jeff T:
With binary options, you are trying to outsmart the financial experts at their own game. That's a sure way to lose. A better use of your money is to get an education. If you learn about finance and binary options before gambling with them, then that's a wise investment.
Jerry:
Apparently you are a sucker for get-rich-quick SCAMS, because you have found two.

The links below are warning from the SEC about binary options and penny stocks respectively.

Some other current scams are forex robots, expert advisors, copy trades, and anything to do with Iraqi dinar or Vietnamese dong.

The Oracle of Omigod:
Bye Bye Money.
Mike:
Goodbye money.
?:
I believe so
Ziff Spiffington:
BOTH ARE IDIOTIC TO GAMBLE WITH – its not investing
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