I have often stated that if you really want to buy, sell and trade Canadian stocks, in particular the junior resource, mining, gold and silver stocks, then you need to trade on the Canadian exchanges (Toronto and Venture) and NOT buy pink sheet stocks in the United States.
The reasons are many, but essentially the pink sheet stocks are NOT a Canadian equity. The trading is thin and you can easily get screwed. Also, you usually can only get an accurate, real time quote by calling up a market maker – good luck. Definitely use limit orders.
But where can you open a brokerage account so you, as a non-Canadian, can trade Canadian stocks directly, preferably with the benefit of real time quotes? And what else do you need to know about investing in Canadian stocks?
The folks at Casey Research have a 25 page special report titled “The ABC’s of Canadian Stock Investing” and it is free for all Casey Research subscribers.
How much does that cost to be a subscriber?
Well, if you really want to make money in Canadian juniors, like gold, silver, uranium etc mining and explorers then you want to be a subscriber to the International Speculator. It is a tad expensive, but worth every penny!
How about just $39?
A much less expensive option is to try a Risk Free Trial subscription to the Casey’s Gold and Resource Report. The recommendations of the Gold & Resource Report are more conservative than the International Speculator and $39, risk free, is a darn cheap way to get a special report worth $50 – $100 all on its own!
Here is a thumbnail of what you will find in the “ABC’s of Canadian Stock Investing”:
- Why to invest in Canada
- What to watch out for and be aware of
- How to decide between full service or online broker
- A review of both full service and online brokerages – for U.S. AND non-U.S. investors
- How to start buying
I have tried a number of the brokerages profiled in this unique special report and I concur wholeheartedly with what is reported.
And as a former series 7 registered broker, I know personally the pitfalls you need to be aware of. You can find these out in this special report.
Please don’t avoid the great opportunities of investing/speculating in Canadian gold & silver plays (not to mention uranium, lithium stocks also) just because you don’t know how to go about it. This report spells it all out.
I have written blog posts and online articles on this topic but nothing so comprehensive as was done in the ABC’ of Canadian Stock Investing. I wish I had taken the time to write it!
Get started right now, on the cheap, risk free and pick up your special report (one of many special reports available for free to subscribers). Casey’s Gold and Resource Report
P.S. – The only thing I will add to this report is the use of Stop Loss orders. You cannot (that I know of) enter stop loss orders on pink sheet stocks. If you can, good luck on having them work properly.
These Canadian juniors are volatile, and when bad news comes out or the world falls apart (like in 2008), you can lose most or all of your money. Stop loss orders CAN get you sold out of a good stock on a thin trading summer or holiday, so be careful where you set it. But they can get you out of a stock at a 50% loss, for instance, instead of holding (with HOPE!) until the stock is worthless.
Stop loss orders are a pain, you have to re-enter them every 60 – 90 days and monitor the stock to know what price to set. But if you don’t want to be looking at a portfolio of stocks at 90%+ losses (I admit, I have a few of those) then use stop loss orders to protect you. Just don’t set them too tight!
