The bonsai is not a genetically modified plant or a hybrid tree. Many different trees found in nature can be made into bonsai, and master growers are always looking for new specimens. The bonsai tree is kept miniature by pruning its roots and keeping it in a small pot. The size of the tree is just one aspect of the bonsai. It's shape and style is the real way to tell the difference between a bonsai and just a small potted tree. The bonsai's trunk and branches are shaped sometimes over many years to get the perfect style.
Although you can find lots of different types of bonsai trees, the Juniper in windswept style is probably the most popular. This is where the tree looks like its blowing in the wind. The limbs spread out from the trunk in one direction as opposed to being symmetrical. You'll also see bonsai in the cascade style, where one branch flows down below the pot. Again, the trees don't grow that way by accident. It takes years of patient training and pruning, to achieve the shape.
If you own a bonsai, you know how hard they are to care for. They need just the right amount of water. A little too much or too little could be fatal. Your best bet is to use a moisture meter when watering. You also need to repot your tree periodically. This is a great time to inspect and prune your trees root system. One thing that kills bonsai faster than anything else is getting root bound. You need to care for your tree above ground and below.
If you don't already have a bonsai tree, but want one, my best advice is to find a nursery specializing in bonsai. This can be hard to do, but take to the Internet, and look for one around your area. There you'll be able to talk to a bonsai master who can give you plenty of advice on caring for your tree. He can also help you select the tree that's right for you and the amount of time you have to devote to caring for it. Its good to develop a relationship with a bonsai master just like you would with a car mechanic if you want your tree to last for years to come.