Purchasing Penny Stocks on ETrade
Purchasing Penny Stocks on ETrade
Investing in these types of stocks involves high risk as there is a possibility of making big money or suffer heavy loss. These are low priced investments that utilize over the counter form of trading instead of using a major stock exchange. There are some other names given to these stocks such as pink sheet stocks or board stocks. You may wonder why the term "penny" is associated with such stocks. This is because it requires very low investment for trading, generally, below $5 per share. There are some pennies that are available on etrade. Do you want to know how to buy penny stocks on etrade? Take a look.
When you are trying to purchase pennies on etrade, you will find the process of purchase is almost similar to the process of buying a stock, which is traded on an exchange. However, you do not a have any chance of placing a market order as the markets of pennies are being traded on a thin level. To start the process, first of all you need to open your etrade account and a new order ticket.
After that you have to select that 'Stock' tab. Here you will notice the symbol of the pennies along with the number of shares that are available to the buyers. Generally, the symbols of the penny stocks consist of four to five letters. It is important to note that you are unable to place a market order. You can place your order limit and mention the purchase price. The easiest way to place a limit order is entering the present quoted price of the pennies as your purchase price.
Carefully judge the information that you have provided before the order was placed. After verification, if you think that everything is perfect, you need to enter your order and wait to get the message of confirmation. Therefore, the process of how to buy penny stocks on etrade is almost similar to the process of purchasing a stock that is being traded on an exchange.
Though the process is similar, but it involves a huge risk factor. The nature of the penny stocks is unpredictable and it can cause huge loss if your predication goes wrong. There is no sure fire procedure that can guarantee 100% success in such investment. However, if you want to play safe, then it is better that you consult an expert broker and get his/her suggestion before investing in the pennies.
Do you want to learn how to buy penny stocks on etrade or any information related to penny stocks how to? Contact us as we can help. How to Rent College Textbooks Online Free Debt Relief Advice - How to Locate Legitimate Services For Debt Relief Online The Common Sense Approach to Protecting Your Online Reputation Watch the Pebble Beach U.S. Open Online - Live Stream What to know when Buying Rolling Stones T-Shirts Online Shop Online for Clothes That Fit! Need Help Picking a Promising Career Online? Grow Taller 4 Idiots Torrent - Grow Taller 4 Idiots Free Online Stream Online Tv Series Powerful Online Promotion Top Websites to view NFL, NHL, MLS, MLB, NBA on Streaming Live Online Free ESPN, FOX, CBS, NBC, ABC Megavideo The Pros and Cons of Hour Targeting of Online Ads Trade a Lower Credit Score to Eliminate 60% of Your Unsecured Debt - Debt Relief Tips