How to Buy Penny Stocks on ETRADE and Sell Them with Profit?

How to Buy Penny Stocks on ETRADE

A lot of people are wondering how to buy penny stocks on ETRADE, one of the most well known online trading sites. With over 25 years of trading expertise ETRADE is the industry’s leader in online trading. It offers unparalleled service, on demand education and fantastic professional advice for all levels of investors.

ETRADE has been ranked as one of the best online penny stock trading sites for a number of years due to ease of use, great customer service and fantastic research tools. It doesn’t take much to learn how to buy penny stocks on ETRADE. It is super easy to open an online brokerage account which will unlock a wealth of investment opportunities for virtually any investor. With only $500 initial investment, you will be up and running with your penny stock trading. It is absolutely free to open the account, you are charged only for actual trades, whether you are buying or selling shares. ETRADE pricing is easy to understand with no hidden or built-in fees starting with just $6.99 per trade for frequent traders, $7.99 for those making over 150 trades quarterly and $9.99 for everyone else. ETRADE penny stock forum connects investors and keeps investment interests high.

The quest how to buy penny stock on ETRADE starts with checking out their Top 5 or All Star lists with great penny stocks suggestions presented to you by an unbiased and independent researchers. By going in the Trading & Portfolio Tab you will be able to access Research/ Stocks tabs, here you can actually study various stocks and see which ones have been upgraded or downgraded by ETRADE analysis. In fact, professional ETRADE analysts go even further helping you learn how to buy penny stocks on ETRADE by assigning each stock a star value ranging from 1-5 stars, which is a great tool to help you compile penny stock companies list to consider. Stock screener in the Research section of the website allows you to pre-select penny stocks according to market capitalization, a particular stock exchange, a market sector or a stock price.

Once you have figured out how to analyze and research stocks on ETRADE and narrowed down to which hot penny stocks you want to buy, you can simply click the Buy button. On this page you can specify the amount of ETRADE penny stocks and the price type. Since most penny stocks are thinly traded, you may not put in an actual market price but rather a limit price accordingly. Once all of the specifications have been selected, you can click Preview Order to verify all of the financial information. This simple process explains how to buy penny stocks on ETRADE.

The process to sell penny stock on ETRADE is also very simple. In order to sell a certain number of stocks, go to your Account section and click on a particular stock ticker symbol. Now you should be able to hit Sell and specify the number of stocks to sell and verify information before you make the final decision. It is easy to buy and sell ETRADE stocks, what’s hard is knowing what and when to buy and also the best time to sell in order to actually make a profit. It is also important to factor in transaction fees into your calculations because these tend to eat up a significant amount of profit.

For those willing to learn more about how to buy penny stocks on ETRADE, there are various platforms and tools available depending on your personal preferences and investment goals. For newbie investors or those who simply want to track the real time quotes ETRADE Market Caster is hands down the most user friendly service combining fast access to quotes and dummy proof way to keep an eye on those quotes that change continuously throughout the day, especially with penny stocks. ETRADE Pro version is definitely for active traders and those looking for added bells and whistles and advanced research and statistics tools. These features require a Pro Elite status in addition to making at least 30 trades per quarter. As a final note on how to buy penny stock on ETRADE, it is worth mentioning that as a member you will have access to free checking account services along with free ATM access nationwide.

Watch this YouTube video to learn more about how to buy buy penny stocks on ETRADE: