Hunting the penny stock trading should not be too serious but do not play around also. Yeah, most people say that it is not an investment but penny stock is a game. Nonetheless, it is not gambling and differs from the penny slot. Well, you surely often hear about how to trade penny stock. So, never say it is boring and you have understood. Absolutely, there are many things that you do not know to play the game. If you follow the journey of this page, you must have ever read it. However, it comes with different information.
7 Accurate Brokers to Play on the Penny Stock Trading
Playing in penny stock is very exciting but there is a high risk behind. Moreover, you not capable to play it. Meanwhile, understanding how to trade and buy penny stock is not enough only in one time. So, deepen your comprehension here and you will start from the 7 mainstay brokers to use:
1. Charles Schwab
It is the broker with offering a low cost of $4.95 commission when you sell or buy. It as well opens a lot of access to the online Pink Sheet and OTCBB.
Robinhood is the broker which is able to take a high presentation with the low budget. As the best stocks brokers for penny stocks 2019, it also rejects the free trading and pink sheet. The most important thing is Robinhood only trades on the stock in big exchange.
Fidelity is one of the best brokers with a lower cost offering than Charles Schwab. The rate is only $4.95 but the benefits pass this stock. Even, it offers premium benefits such as protecting the investor that does not want to take a risk.
Next, there is TradeStation offering $5 trading but it sometimes demands additional requirements. It is such as the additional payment of $5 per month and commission. Even though, it still includes as an option for you wherein the payment keep giving you more. As the examples are the high-classed access to the desktop and cellular. Special for the $5 fees per month eases you to access the OTC data.
This best broker for penny stocks trading in 2019 appears with two package options. Firstly, the package a flat cost per stock but it adds interest with the same rate. Nonetheless, this first package from InteractiveBroker is appropriate for all people. Secondly, there is a tiered package in which it greats for the high volume traders.
6. TD Ameritrade
TD Ameritrade coming from the thinkorswim trade platform. It carries a trading tool resembling like a Bloomberg terminal and offers 5 days per week of trading. During the trading, it opens 24 hours non-stop.
The last one from the 7 best penny stock trading 2019 has a uniqueness. Initially, it offers $6.95 trading but the E-Trade will lower the rate up to $4.95. However, you must trade your penny stock at least for 30 times. Apparently, this broker becomes the best trade-in cellular, desktop, and web version.
3 Steps to Trade Penny Stocks from Home
All this time, most people heard about many steps to trade penny stock. It turns out the way is too long and boring. So, this page comes back with a shorter way to do wherein the home is your best place to do. Exactly, it informs how to trade penny stocks in 3 easy steps. Certainly, it is so easy and simple where here what to do:
1. Do at home
The trading of penny stock, commonly, takes place in the morning even before your office hour. It implies you can do it both buy and trade the stock since you open the eyes. However, you must assure and understand the risk if you fail to trade.
If you still hesitate to make the action, find out the right guide. You can call the trader which has a lot of experience to avoid the mistakes that formerly ever done. The Second alternative is with adjusting yourself in trading through the paper trading. It gives you more time to make a decision without a fee.
2. Decide your investment amount
Next, you should start to decide how much money you want to spend on this stock? Although there is no minimum rate in investing penny stock, you must decide itself. Remember, penny stock includes the volatile type where the risk always is the phantom for the investors. So, keep considering the volatile when you decide the amount.
3. Start to trade
Okay, the third step is certainly to start your trading. Yeah, you can do it now because you have passed a big decision to choose the stock and amount. Even, you had tried some paper trading.
Those are 3 easy tricks on how to make money with penny stocks. Nevertheless, you must keep considering the volatile, volume, trade fee, exchange, and the investment return. Alongside that, beware toward the fraud that emerges around you. Usually, it comes with a promise to make you right only in one night. They also promote a lot of current stocks and persuade you to avoid the current stock. Definitely, they are so smooth but dangerous because they expert to influence the victim.
Simple Advice for the Beginners
What else to do in this trading? The information is useful for the beginners and once again this page had ever discussed it before. By the way, do you still remember what the beginners do to trade safely? Certainly, you must refresh your memory again through the penny stocks: a beginner trading guide. It merely to recall simpler wherein you only need to find the stocks before it makes a big step. Afterward, you must know the criteria to trade it. Find the big catalyst which floats under 100 m and the high volume.
Roughly, that is the additional information for you about the penny stock trading. In general, you might have ever read before but believed it that those all are able to remind you. It makes you more understand because reading at one time not assure to comprehend. So, do not bore to repeat what you have ever got before. Good luck!