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Basic trading knowledge of US stocks
Major trading markets of U.S. stocks
About  “Penny Stocks”
Transaction Fee
Basic trading knowledge of US stocks

Enter the transaction code, for example: Microsoft’s stock transaction code is msft.

The smallest trading unit for U.S. stocks is 1 share, and there is no limit on the ups and downs. The smallest unit of change is 1 cent.

The t+0 trading system is adopted, and it can be bought and sold within a day.

The transaction time of U.S. stocks

Daylight saving time

daylight saving time is adopted from early April to early November each year

9:30 pm Beijing time-4:00 am the next day

Winter time

winter time is adopted from early November to early April each year

10:30 pm Beijing time-5:00 am the next day

Major trading markets of U.S. stocks

New York Stock Exchange (NYSE)

The main business objects of the exchange are stocks, followed by various domestic and foreign bonds. The exchange has three stock trading halls, including the main hall, blue hall, and "car room", and a bond trading hall, which are places where securities brokers gather and trade with each other. Most of the companies listed on the New York Stock Exchange are giant companies with large assets, large market capitalization, and a long history of development. The listing standards are relatively strict and the listing threshold is relatively high.

American Stock Exchange (AMEX)

Nationwide trading is similar to the New York Stock Exchange, offering stock and bond trading, in addition to options business and trading fund (ETFs) business. More than 1,131 stocks are listed here. It is the only place where stocks, options and derivatives can be traded at the same time.

Nasdaq Market (NASDAQ)

Nasdaq is the world’s largest electronic stock trading market with 4,400 stocks and adopts a market maker system.

NASDAQ’s listed companies are mostly high-tech, small and medium-sized companies with good growth and development prospects. Its listing standards and requirements are much more relaxed than those of the New York Stock Exchange. Nasdaq has two sectors: the National Market and the Small Cap Market established in 1992.

About  “Penny Stocks”

Stocks trading under $1.00 were almost always small companies struggling to find their place in the market and as a result those securities were very speculative investments for traders or investors.

In this day and age, securities priced between $1-10.00 in many cases still represent some of the most speculative and risky investments. This is especially true for small companies in the Biotech, Internet, and Fintech sectors.

These stocks can come out with news overnight that result in a 50% drop to the downside or a 100% squeeze to the upside. Anyone investing or day trading in these types of securities has to be prepared for the possibility of a total loss.

Just for reference

when I took $583.15 and turned it into over $100k in 44 days, I was primarily trading stocks between $1.00 – $5.00.

These stocks all meet the min listing requirements for the exchanges, which is important to me.

If I’m putting my hard earned money into a stock, I want to feel confident the company isn’t going to disappear overnight.

Tier 1 Penny Stocks

These are the penny stocks that we focus. They are listed on a major exchange like the NYSE or NASDAQ and are usually priced below $5.00 per share but can be a little higher priced than that. Tier 1 penny stocks are still speculative but less open to manipulation because they are required by the exchanges to provide financial information and are held to a higher standard than OTC penny stocks.

Tier 2 Penny Stocks

Traditional penny stocks, in my opinion, are stocks priced between 1 cent and 99 cents. They aren’t below 1 cent (if you didn’t already know, stocks can trade at fractions of a penny). It’s not uncommon to see a stock priced between 1 cent and 99 cents that is still listed on the NYSE or NASDAQ.

These companies will typically get a letter (which is made public), that they need to meet the listing requirements to have their stock above $1.00 within a certain amount of time. If they do it, the stock remains listed, if they can’t it will be de-listed and move to the OTC market exchange.

However, it’s very important to note that stocks that trade above $1.00 will never have a spread less than 1 penny. That means the stock will trade 1.01 x 1.02, or 1.05 by 1.06, but never 1.015 x 1.017. When a stock trades BELOW $1.00, the stocks will trade down to fractions of a penny.

Transaction Fee

Types of fee


Charge for party




Platform fee

$0.004 per share, minimum $1


External organization and activity fees

$0.00396 per share, Minimum $0.9, maximum $4.9

Exchange external agencies

Stock settlement fee

$0.002*number of shares traded, minimum $ 1

U.S. Settlement Agency

Securities Regulatory Commission Fees

0.0000221*amount of the transaction, minimum $ 0.01

U.S. Securities Regulatory Commission

Basics of Hong Kong stock trading
Transaction Fee
Basics of Hong Kong stock trading
Main Board

Hong Kong stock market

The main component of the Hong Kong stock market is the stock market,

which is divided into the main board market and the ChiNext market.

The smallest unit of trading in Hong Kong stocks is calculated in "lots",

and the number of "one lot" for each stock is different. For example,

For example, Tencent Holdings currently has 100 shares per lot in Hong Kong stocks and 400 shares per lot for HSBC Holdings.

Hong Kong stocks adopt the T+0 trading model, which can be bought on the same day and sold on the same day, with no limit on the fluctuation range.

The delivery time for Hong Kong stocks is T+2, which means that the stocks traded today will be settled on the second working day after the securities company and the computing office are cleared.

The stock trading hours of the Hong Kong Stock Exchange

Monday to Friday

9:30 am - 11:30 am

13:00-15:00 PM

Transaction Fee

HKEX HONG KONG stock charges

Types of fee


Charging party


05%, minimum 12 HKD


Platform fee



Stamp duty

0.1% of transaction value (Less than 1 HKD will be counted as one HKD)

Hong Kong Government

Transaction fee

0.005% of transaction value +0.5 HKD

Hong Kong Stock Exchange

transaction levy

0.0027% of transaction value (Minimum HKD 0.01)

Hong Kong Stock Exchange

Stock Settlement fee

0.01%, minimum HKD 2, maximum HKD 100

Hong Kong Stock Exchange

Hong Kong stock financing charges

Types of fee

Types of fee

Types of fee

Annual financing rate



What is cryptocurrency?

Encrypted digital currency (cryptocurrency) is a virtual currency that usually uses a decentralized network for secure financial transactions.

What is Cryptocurrency Trading?
Cryptocurrency trading means taking a financial position on the price direction of individual cryptocurrencies against the dollar (in crypto/dollar pairs) or against another crypto, via crypto to crypto pairs. CFDs (contracts for difference) are a particularly popular way to trade cryptocurrencies as they allow for greater flexibility, the use of leverage and the ability to take short as well as long positions.
Main terms about cryptocurrency




Crypto 10 Index




Why Trade Cryptocurrency CFDs?
Because cryptocurrency is likely to fundamentally change the way the financial market operates, and the volatility of cryptocurrency is much higher than that of traditional assets.
Can You Trade Cryptocurrencies Using a Forex or CFD Platform?
Yes, you can. However, you must understand that there is a big difference between trading cryptocurrencies on foreign exchange and CFD platforms and trading underlying assets on crypto exchanges
How to Buy, Sell and Trade Cryptocurrencies?

A.Buying and Selling Cryptocurrencies:

Buying and selling digital cryptocurrency is to use one cryptocurrency (such as Bitcoin) to exchange it for another cryptocurrency (such as Ripple) on the basis of buying and selling through a cryptocurrency exchange.

B.Trading Venue:

The buying and selling of cryptocurrencies is done on cryptocurrency exchanges. Opening an exchange account by filling out an online form first. Generally, the exchange will have an order book, which records the objects that traders are buying and selling and where they are trading.

Where can I trade cryptocurrency?

Cryptocurrency Exchanges

CFD Trading Platforms

Bitcoin Halving 2020 (all you need to know)
Only 21 million Bitcoin blocks can be generated by the network. Bitcoins are mined, and people that mine them are rewarded, with Bitcoin as their prize. When a Halving event occurs, miners receive 50% fewer Bitcoin, for the same amount of effort. The purpose of a Halving event is supply and demand: With less supply, there is greater demand and thus the value of each Bitcoin is generally expected to increase.

In the aftermath of past Halvings, the price of Bitcoin against the US dollar has appreciated.

The market demand for Bitcoin may fluctuate sharply, and the market environment will be different every time the halving occurs.

Bitcoin stipulates that after every 210,000 blocks are generated, a block halving event will occur, on average every 4 years.

Positive impact: The price of Bitcoin increases after each halving, and Bitcoin owners will benefit from the increase in asset value.

Negative impact: The halving may cause losses to other altcoins, and Bitcoin may therefore face a huge risk of collapse.

You can choose to buy and sell Bitcoin CFDs and use price changes to make profits instead of directly buying assets. It depends on your judgment of the trading trend.

There are various measures you can employ to manage your risk, including limiting the capital you put into each trade. That can be 10%, 5% or less depending on your trading strategy.

What is ETF?

ETF is an open-end trading index fund, which can be listed and traded on an exchange, and the share of the fund is variable.

What ETFs can be traded on our VNSMART platform?

Our platform has ETFs that are usually traded.

How does the ETF work?

The operation of ETF includes multiple links such as issuance and establishment, trading, purchase/ redemption, management and information disclosure.

Why trade ETFs?

(1)Spread out your potential rewards – you can trade an entire market as though it were a single stock or commodity.

(2)Look for other opportunities to expose you to various markets/industries in the capital market.

(3)Enjoy tight spreads with zero commissions for making a deposit and opening/ closing a trade.

How does leverage work in ETF CFDs?

An exchange-traded fund (ETF) is a financial instrument that tracks (and sometimes amplifies) the market price of the top companies within a specific financial sector, such as aerospace, banking, energy, technology, or commodity, such as oil, natural gas, gold or lithium.

Trading leveraged ETFs doubles the transaction size by using borrowed capital, increasing the potential profit or loss that can be realized from the transaction.

What is the SPDR S&P 500 ETF?

The SPDR S&P 500 Trust, commonly referred to as SPY (or S&P 500-tracking ETF), is a popular ETF which follows the daily price movement of the S&P 500 - the main gauge of large-cap US-listed companies, and an important indicator of the US economy.

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Risk Note: Nothing on the VNSMART website ( should be construed as a recommendation to buy or sell securities, futures or other investment products. All historical data and content are for investors' reference only and should not be regarded as a basis for judging future trends. Before conducting investment activities, investors should fully understand relevant financial products, clearly understand their potential risks, and make rational decisions based on their own risk tolerance or the advice of professional investment advisers.

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Stock trading CFDS and Day trading complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading Stock CFDs and Day trading complex with this provider. You should consider whether you understand how Stock trading CFDs and Day trading complexwork and whether you can afford to take the high risk of losing your money.