TRADE BLACKBERRY LIMITED (BB) STOCK WITH IQ OPTION
Blackberry Limited (BB) Chart
Why Is It Better To Trade Stocks Instead Of Buying?
Buying stocks and trading stocks are two very different approaches to participate in the stock market. Usually, investors buy for the long-term, but traders generally buy and sell quickly to earn short-term profits. Trading has more advantages than buying when it comes to stocks. Stock trading offers fast action with the potential for significant profits within a short period. There is a range of strategies involved in it that allows traders to make money in both up and down markets. A skilled trader can trade full-time and live off their profits generated from trading.
Advantages Of Trading Blackberry Limited Stocks
There are many advantages of trading BB stocks, such as:
- BB stocks are up to almost 83% over several trading days as of January 2021. Moreover, the mobility solutions stock is also up to 172% since the beginning of this year. This unprecedented upsurge in the stock proves it to be profitable for the traders.
- BlackBerry is a stock with high liquidity that has an average daily trade volume of 43 million shares.
- The stock has been highly volatile over the past few months. As mentioned earlier, the 52-week range of BB has risen as high as $38.77 and hit as low as $2.7. This volatility provides traders with a lot of profitable opportunities to enter and exit the market.
How to Trade Blackberry Stock On IQ Option?
BlackBerry stock is now available on IQ Option to trade. Follow these steps to trade the company’s stock:
Determine the Number Of Stocks You Want To Trade
You can decide how many stocks you want to trade, depending on your trading strategy. For example, assume that BB is trending at $15.52 currently and you want to invest $1,000 in the company to start your trading activities. So, in the first run, you can buy up to 64 shares of BB.
Choose your order type
Next, you need to choose from a wide range of order types to execute your trade:
- Bid: The price of a stock fluctuates on the stock market constantly. A bid price is the highest amount of money a buyer wishes to pay for the stock. If BB is trading at $15.52, you can set the bid price at $14. Your order will execute as soon as the market price of BB falls to $14.
- Ask: the ask price is the lowest amount of money a seller wants for the stocks. For example, if BB is priced at $15.52 currently, you can set the ask price at $16. The order is executed automatically as soon as the market price of BB rises to $16.
- Spread: The spread is the difference between the bid and ask price of a stock. For instance, if the ask price of BlackBerry is $16 and the bid price is $14, then the spread is $2. Highly liquid stocks have plentiful buyers and sellers on the market. So, the spread is likely to get tighter. Similarly, stocks with low liquidity have fewer buyers and sellers on the market. Therefore, the spread is likely to get broader. In such cases, it may be challenging to trade stocks at the price you prefer.
- Limit order: Traders can buy and sell their stocks for a certain price with a limit order. You can assign your preferred price for a buy order. It is executed when the stock price drops to that value or a lower price. Alternatively, you may assign a price for a sell order and it is executed as soon as the stock price reaches that value or higher.
- Market order: You can buy or sell a stock instantly with a market order. Unlike a limit order, it is guaranteed for a market order to get executed. However, you may not get to trade the stock at the price you prefer.
- Stop-loss order: With a stop-loss order, you can limit your losses on a stock trade. For example, if the stock price of BB is $15.52, the stop-loss value can be set at $13. When the stock price reaches $13, it will turn into a limit order and execute automatically. A stop-loss order can potentially save the trader a lot of money if the stock price drops during market swings.
- Stop-limit order: A stop-limit order is similar to a stop-loss order. The trader has to assign two values for a stop-limit order – a limit value and a stop-loss value. For example, if the BB stock trades at $15.52, you can assign a limit value of $13 and a stop-loss value of $11. The order is not executed with the stock price falls to $13. Instead, it is turned into a market order and the trade is executed at any price between $13 and $11.
Execute Your Trade
Once you have determined how many stocks you want to trade and the order type, you can execute it on IQ Option. It may take a few minutes for the stocks you have traded to reflect in your portfolio.
Visit IQ Option to know more about the features and trading platform of the online broker and trade the BlackBerry Limited (BB) stock.