volatile penny stocks

Which Are The Most Volatile Penny Stocks?

If you are trading in penny stocks, then instability is something that you need to get accustomed to.

At the same time, you will have realized how some of the most volatile penny stocks can actually work in your favor.

This is because erratic prices often bring the promise of high gains and minimal losses if you know what stock to put your money in.

For others, unstable penny stocks may be a cautionary tale about what companies to avoid. Day traders love volatile stocks.

Here is a list with penny stocks that are the most volatile:

1. Insignia Systems

For the most part, the stock for Insignia Systems does look as though it is going to improve. Nevertheless, there are some confounding performances that add to the overall uncertainty. Let’s take a closer look at this to see where it can go…

On the one hand, this does look like a positive growth opportunity for traders that are interested in short-term as well as long-term stocks. This is largely because the company has experienced some heavy losses and is only now making its way back, in the latter portion of the year. Not to mention, the small, company-instigated flash crash caused the share prices to dip even lower.

Despite this, though, there is a silver lining for this company, particularly when you look at the way that the company is performing. The general direction of the company, including its sales, make this a company to watch out for. The main reason for uncertainty here is the fact that the share price is facing a mild resistance level. Should it be able to break out of this, however, things could start looking up.

2. Dogness Corporation

Once again, this is yet another company where it can be difficult to know the direction of progress. The main issue with Dogness Corporation is that it is standing in the middle of two rather extreme share price scenarios. Should the market stabilize itself and head in a more positive course, then there is a good chance that the share prices will move in a similarly upward direction. In the event that this doesn’t happen, though, you could take on some serious losses.

Ignoring this, there are a few other points to take into consideration. On the plus side, this company offers a rather innovative product – smart technology for pet-related products. Due to this, the potential for growth is high. That being said, as the main company is based in China, many potential investors may be put off by this.

These penny stocks are almost completely geared towards investors that don’t mind some speculation. They also need to be able to accept both the high risk and reward scenario. Last but not least, these individuals will have to conduct further review of the company to be certain about its performance.

3. LUNA Innovations Incorporated

This is yet another company stock price that is at the mercy of the surrounding market. As such, if the current volatility continues, then there is a good chance that the share prices of LUNA will follow suit. In this sense, it can be difficult to pinpoint just how well it will do, at least in the near future.

See, this company shows signs of long-term progress and therefore, a good share price for penny investors. This situation can be determined by looking at how well the company has been doing over the past few years. Where it gets tricky, nonetheless, is the short-term position. So, if the rest of the market looks to be in a tough position, then these shares will certainly not fare well.

One clue that may help you to decipher the situation is to check if there is a mild support level around the price point. As long as it stays at $3.00 or more, you should be fine. Still, if it gets any lower than this, you should stay away from the stock.

4. Turquoise Hill Resources Ltd.

Turquoise Hill Resources is a company that finds itself in a rather precarious position. On the one hand, this a company that has been performing quite well and for the most part, this was reflected in the stock price. Unfortunately, sentiment towards commodities changed in the marketplace. This meant that most investors began selling their positions in relation to commodities.

Nevertheless, there is also just as much good news for investors as there is bleak news. This is because the company is actually strong enough to make a comeback on its own. Therefore, buying shares for a lower price now could be beneficial in a short while. To add to this, if market sentiment towards commodities also rebounded, you could be looking at even more profits.

All these are great volatile penny stocks for day trading.

How to Find the Best Possible Penny Stocks to Trade With

As mentioned, trading volatile penny stocks does afford you the chance to make a good profit. This, however, is dependent on you making the right selections at the best possible chance. As such, you should always remember these following tips in this kind of situation:

  • Focus on the Facts: before buying stock, you will need to have a full understanding of how that company works. This means understanding the business plan and its potential for profit. At the same time, you will also need to look into how well that company can survive in a particular sector given its competitors.
  • Understand the Value: the other thing that you will need to do is to understand the value of the stock that you are buying. Keep in mind, it isn’t just share price that you need to focus on. You will also need to look at the number of shares that are still remaining. This will allow you to more accurately determine what your shares are worth in the company.
  • Consider All Factors: finally, there is more to penny stocks than just the company’s performance and share price. To really understand how the price will increase or decrease within a period of time, you will need to look at all compounding factors as well. This includes elements such as market sentiment, global issues, and various other aspects.

These are the most important volatile penny stocks that you need to know about. Based on this information here, you can plan how you would like to proceed with each of these companies. Just make sure that you make the best possible investment decision for you.

penny stocks trading apps

Free Penny Stocks Trading Apps

Penny stock trading has evolved with the rest of the industry and now, you can place trades on your laptop or smartphone.

Of course, to do so you, you will need the best free penny stocks trading apps to work on. After all, in such a situation, the success of your trades can largely depend on the technology that you are relying upon.

The popularity of mobile trading means that there are more apps than ever to choose from. Everybody tries to make money with trading and become a millionaire. Nevertheless, not all of these apps are equally up to scratch. To discover which ones you should actually be using, check out the information below:

What Does ‘Free’ Mean?

As you will have noticed, this article deals with free trading apps. However, you will find that each app uses the term ‘free’ in a different matter. Here is a closer look at the distinction:

  • Free Trading Apps Without Fees: these apps are free to download and use. As such, they have no additional fees attached to them, even when you are trading. One of the downsides to these apps, though, is that they may be limited in the services that they offer traders.
  • Free Trading Apps With Fees: then, there are the apps that are free to download but do have other charges tacked on. These will charge you fees or commissions when you begin to place trades or utilize other services on the app. While there are extra costs involved with such apps, there are more benefits as well. For instance, you get access to a greater number of features.

Now, let’s move onto what the best apps for each of these options are…

Free Penny Stock Trading Apps That Have No Fees

Let’s first begin with the trading app that is completely free to download and trade with:

Robinhood Trading App

Are you a beginner trader or want to limit how much money you spend on trades? If so, then the Robinhood trading app is for you. As you can imagine, the biggest advantage of this app is that there are absolutely no fees involved. So, even when you place trades using the app, you will not be charged any commission. This is particularly useful when trading penny stocks where each of the share values is so low.

At the same time, you should know that this app only works with the major exchanges in the industry. Due to this, you will not have access to over-the-counter or Pink Sheets stocks. So, your options for investment can be a bit limited at times.

Free Penny Stock Trading Apps That Have Fees

The list is here is a little more extensive. It must be stressed, though, that you will always need to double check the precise fees and commissions associated with any service on these apps.

Here is a list of apps that have fees but are free to download:

1. Charles Schwab

Just because Charles Schwab isn’t free doesn’t mean that it isn’t affordable to trade with. See, this app charges just a $4.95 flat commission when you buy or sell stock. To sweeten the deal, there is no account minimum which means that even beginner traders can use this app.

In case you are wondering just what it is that you get for this fee, the answer is quite a lot. For one thing, you will be provided with access to the Over-the-Counter Bulletin Board. You may also be able to see certain Pink Sheet stocks as well.

The broker also boasts an excellent and reliable app that makes it quite easy for you to make trades with. Not to mention, their top-notch customer service means that you will be able to easily speak to a professional, should something go wrong.

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2. TD Ameritrade

Now, as far as brokers go, TD Ameritrade isn’t the cheapest one around. This is largely due to the fact that it tacks on a $6.95 commission fees to any trades that you make. Fortunately, there is no minimum deposit required to get started. Nevertheless, if you try to sell your shares before the 30 days requirement, you may have to pay a penalty.

When you consider all of these points, you may be at a loss as to why TD Ameritrade is a good option. Well, if you are an experienced trader, then this app-based platform is going to blow you away. It provides you with all of the information that you need with a click of a button. You are even given the opportunity to construct your own indicators.

Free Penny Stock Trading Apps with Account Minimum Requirements

There is another tier when it comes to free apps with additional charges. There are some broker apps that require to have minimum account balances or deposits when trading. This is in addition to some other fees and commissions.

Here is a list of apps that have minimum requirements (free download):

1. TradeStation

TradeStation charges a $5 flat fee for each of the trades that you make. Depending on the services that you wish to access, there may be other charges levied against you as well. Last but not least, you are also expected to maintain an account minimum of $500.

Despite these numbers, there are many advantages to this app. It is certainly well-designed, simple to use, and efficient. Therefore, you will find it quite useful when making a trade. At the same time, there are also a few opportunities for you to bring down the overall cost of the trade. The per-share pricing and unbundled pricing options mean that both low-volume and high-volume traders can find a way to keep costs a great deal lower.

2. Interactive Brokers

Interactive Brokers offers a rather mixed bag when it comes to the trading app. On the one hand, the app functions extremely well and is known for its excellent trade execution. Furthermore, there will be quite a few trading options available to you. There is also the fact that you will be charged just a commission of 0.5 cents per share, with a $1 minimum per order.

There is a catch, though, with the minimum account. To get started, you will need to deposit at least $10,000 in your trading account. Afterward, if you don’t have a balance of around $100,000 you will be charged a monthly commission minimum of $10.

If you want to trade via your desktop or even smartphone, there are a lot of options for you to select from. With the information provided here, you will now be able to select an app that is perfectly tailored to your trading budget as well as your overall requirements.

How To Trade Ethereum

After Bitcoin, Ethereum is the most traded cryptocurrency at the moment.

Ethereum is a fast and cheaper cryptocurrency, compared to Bitcoin. If you want to know, how to trade Ethereum follow the guide below.

How Ethereum Trading Works

Trading Ethereum is not that complicated as you may think. All you have to do is to follow a few simple steps.

Here are all the steps needed, to start trading Ethereum:

  1. Open Account At An Exchange: You need to register an account on an exchange like Coinbase or Kraken. This exchange has to accept fiat money (USD, EUR etc.). This is the reason why we haven’t mentioned Binance here.
  2. Deposit Money On The Exchange: Once your account is opened, you need to make your initial deposit. It is not recommended to invest more than 10% of your net worth into cryptocurrency.
  3. Buy Ethereum With Your Money: If you are only interested in Ethereum, there is no need to buy Bitcoin first. Most exchanges allow you to buy Ethereum directly.
  4. Start Trading Ethereum: Once your first Ethereum coins are purchased, you can send the cryptocurrency over to Binance. We recommend Binance, because it’s the most trusted exchange that has most of the coins listed. Now you can follow your trading strategy and exchange Ethereum into other coins whenever you want.

When signing up to Binance, to trade Ether, you can use this Binance referral code.

Ethereum Trading VS Ethereum Investing

There is a huge difference between trading and investing.

You may have searched for “how to trade Ethereum” when you found this article. But in reality, you may be more interested in the investing part. Let me explain:

  • Ethereum Trading: This is for those of you who are looking for short term profits. There is day trading where you basically trade Ethereum a few times a day. Some people can make a living off of this. There is also swing trading ,where you trade the cryptocurrency one a week or month. This is also considered to be a short term trading strategy.
  • Ethereum Investing: Investors typically just buy and hold. You don’t care about short term losses or gains. You know that in the long run, you will be in profit anyway. For most people, investing is the simplest and safest way to make money with crypto.

Ethereum and Ethereum Classic

We must clear up one important detail about Ethereum vs Ethereum Classic – they are not the same.

  • Ethereum is abbreviated to ETH
  • Ethereum Classic is also called ETC and there are times when traders fail to make the crucial distinction and end up buying Classic.

At first, there was just Ethereum and later the Decentralized Autonomous Organization (DAO) was formed as a kind of crypto-hedge fund, which raised some 150 million dollars’ worth of Ethereum. However, the code it was based on was not all that perfect.

One hacker in particular managed to exploit the loopholes in the system well enough to land Ethereum tokens worth $50 million. So obviously, Ethereum users and developers were not amused and asked that the stolen currency be reimbursed and the code be given its due update.

Meanwhile, ETC supporters maintained that the code was the law and that whatever happened ought to be forgotten.

But losing $50 million is not easily forgotten. Thus, the split between ETH and ETC, and the latter still operates as the original Ethereum did.

Start Trading Ethereum With A Strategy In Mind

Ever since their arrival on the online trading market, cryptocurrencies have caused one heck of a fuss among traders. They represent some of the most lucrative profit potentials of any trading commodity. Ethereum is one of these wild cryptocurrencies with an insane capacity for inflation, able to raise its value from $8 to about $400 in less than half a year.

trade ethereum

But before you jump right into Ethereum trading and attempt to get yourself some of that, it is important to know that Ethereum, like any cryptocurrency, is a highly volatile commodity. If it has the capacity to make a rapid climb from $8 to $1000 in such a short time, you can be sure that it has the capacity to descend just as quickly.

If you are really going to make healthy profits by trading Ethereum, you will need to remain sober and focused on a long-term vision. It is all about implementing a successful strategy.

A good strategy is to buy Ethereum on support levels and sell it at resistance levels (or simply hold it for years).

Is It Still Worth To Trade Ethereum?

Like any prominent cryptocurrency in the world, Ethereum has the potential to sustain truly ridiculous surges in its price.

To put that into context, the price of Ethereum at the beginning of a given year can spike to as much as 5000% before the year is over.

That is growth like you have never seen before. However, factor in the opinions of analysts, and there is good reason to anticipate that the market as it were is on the way to correction. Nowadays you can even use Ethereum to play slots and bitcoin games.

Certain coins may well become outdated and a small number of coins are expected to increase in value from what they were.

Ethereum VS Bitcoin

As a trader, it is in many ways a good idea to invest your money in cryptocurrencies that are not carbon copies of bitcoin that have different uses and technologies.

In this regard, Ethereum has been developed with Smart Contracts as well as computation. That makes it a much more versatile and capable platform than Bitcoin.

In fact, you can perform more transactions on the Ethereum network than with Bitcoin, and for a lower fee too.

Some reports state that the market cap for Ethereum may well usurp that of Bitcoin in the not-so-distant future.

Others claim Ether could topple Bitcoin both in the number of users and the capability of its platform, specifically in computational power and cybersecurity.

Rest assured, Ethereum has a very capable team to work on it. Co-founder, Vitalik Buterin, was first introduced to bitcoin when he was merely 17.

Not long afterward, he would bring home the Bronze Medal in Informatics at the International Olympiads.

Ethereum developers have also concentrated on its legitimacy, and set up the Enterprise Ethereum Alliance or EEA, to make connections and assist global organizations such as Accenture, Intel, Microsoft, and so on in the use of blockchain technology.

As a matter of fact, a major reason why the price of Ethereum has soared so high is that the big players in EEA placing their trust in the technology and continuing with projects on the blockchain. So to answer the question “Is it too late to invest in Ethereum?” no, it most certainly is not. It is still very much a viable and recommended option for making any long-term investments.

Questions And Answers

The price of ethereum changes every second. You can check the ETH-BTC price here or the ETH-USD price here.

In most countries, cryptocurrencies are legal. There are quite a few shops where you can buy stuff with cryptocurrencies, like Ethereum

Selling Ethereum is as simple as buying. You just send your coins to an exchange that accepts fiat currency. Example: Kraken or Coinbase

Both are cryptocurrencies, but both serve a different purpose. Ethereum is faster and cheaper.

You have to calculate this for yourself. It also depends on how expensive electricity is, in your country.

Can I Buy Ethereum In My Country?

Just like with any other cryptocurrency, you can buy Etherum from online exchanges. Given the immense popularity of Ethereum, you can buy it in bitcoin as well as fiat currency. A few of the most recommended online exchanges to try are Coinbase, Bitstamp, Gemini, and Kraken.

Any online exchange with a significant reputation will require you to verify your account prior to purchasing Ethereum. The verification process involves uploading your personal ID from the government and going through the KYC process. All in all, the verification process takes a few days, going by how busy the exchange is.

Cryptocurrencies are only banned in a few countries, so there is a high chance that your country has no problem with this. The list of countries that accept cryptocurrencies changes on a daily basis. That’s why we can’t post a list here.

Upon verification, you can deposit fiat currency to your account and receive ETH. You can also buy ETH using Bitcoin.

It is important that you do not store any cryptocurrency in an online exchange for longer than necessary. Even with an updated system, the threat of hacking is constant and not to be undermined.

It is best to transfer your ETH into your own digital wallet just as soon as you receive it. That also means keeping your password and private key secure. Else, you might encounter problems with transferring ETH later on.

You would also do well to open an account with a highly recommended cryptocurrency broker such as Plus500 that counts deals with many of the world’s leading cryptocurrencies.

Should I Invest In Ethereum?

Ether works as a commodity which in turn works as a token of exchange to run the Ethereum Virtual Machine or EVM. The EVM is what enables smart contracts to be used and computers to work on blockchains.

For all intents and purposes, Ethereum is a new and improved platform, allowing its developers to build on the blockchain technology, especially with big names like Microsoft and JPMorgan using it in ongoing projects. If all does go according to plan, we may just see a new king on the Cryptocurrency front.

Here Are More Resources About Ethereum