Qtrade penny stocks
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Penny Stocks Calculator Qtrade : Penny Stocks Trading-a Risky But Really Good Return On Investment ~ Get Money Back
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Giving up on Questrade | Canadian Capitalist
If you are a new trader and have never done any investing before I would HIGHLY reccomend you stay away from penny stocks. I see the main problem with penny stocks is that they are very very small companies and are extremely volatile. Also a lot of the time their financial statements can be incorrect etc.
Rob Carrick ranks the best and worst online brokers of - The Globe and Mail
Also usually people trading them are all basing their opinons on speculation and not what is actually going on in a company. If you are new to trading I reccomend you get to know a bit more about it before going headlong into that type of trading. Also, most of the websites on penny stocks are all out there to get people to buy into penny stocks because if they hold a position in it before they post an article and then release that article and get their readers to invest in it, they profit.
So honestly it isnt worth it.
Online Discount Brokers Review For Canada And The US - Stocktrades
About quest trade, I believe they do allow you to do penny stocks, most likely most brokers do allow you to do it.
Although honestly I would hold off on opening an account at Questrade just yet because ive heard their resources are minimum to NONE and their customer support is pretty bad. I would say look at the article below before you make your decision on what broker to go with Here is a second article with a chart of the brokers. Notice how questrade ranks second last? That isnt a good sign, and they say their resources are crap Hint, check out Qtrade There is a lot of bad comments on Questrade, but I've had my TFSA with them for about a year.
Not sure what constitutes a penny trade. Anyways, never had an issue.
If anything, I wish transfers from my bank TD were a little faster. I think my last one happened over night, but I remember it taking 4 days once - which sucks when you've been given a tip on a hot, err, um.. Tenax, I really reccomend you check out Qtrade for starters, so far as I have found is that their research tools are quite exstensive, their prices are OK, so far I am excited to really get my hands on what will be available.
They also have a mobile site so you can place trades and check your assets quickly. Also their stock quotes etc are really nice. I will post some screenshots once my account is fully opened. The only downside to Qtrade is that since I live in Ontario I had to mail my application off, which is going to take a few weeks to get to their offices: Stupid snail mail haha I've had penny mining stocks that look good on paper , up 15 cents a share say , when you try to sell them , they never sell , so you change your sell order to a market sell , and it sells for less than you paid.
Stay away from anything listed solely on the pink sheets , they have very lax reporting rules and there are a lot of scams there , if a stock says "PINK" , don't touch it , unless it is listed on the NASDAQ , TSX or NYSE as well.
Some brokerages don't even like to sell pink sheet stocks.
A good newsletter to look at is http: I haven't actually subscribed to his newsletter, but I have met him at a conference in Vancouver and heard him on the radio and he makes a lot of sense.
I did make money on symbol ORV which he recommended and I bought it at 70 cents and look at it now. I forgot the why? It is because he does the leg work and looks for those companies with the very strong fundamentals which I mentioned in my first reply. Last edited by dogcom; at All times are GMT The time now is