hey guys it's Adrian here the Canadian in a T-shirt and today I'll be breaking down how
to buy stocks after market hours on Quest trade this is a new feature allowing you to buy U.S
stocks in the early morning and later evening giving you greater flexibility especially if you
work a nine to five and I'll show you exactly how to do this step by step the stock market is open
Monday to Friday from 9 30 a.m to 4 o'clock P.M eastern time most Canadians live in the Eastern
Time Zone and work a nine to five so it can be difficult to find time to buy stocks while you're
at work for me I have to take 10 minutes out of my lunch break in order to buy stocks but not
every job allows that opportunity now with these new extended hours questrade allows you to buy
stocks pre-market from 7am to 9 30 a.m when the Market opens and post Market from 4 pm to 8 PM
eastern time so if you get home from work work at 6 PM you now have time to buy stocks after hours
but note these extended Market hours only apply to U.S stocks and ETFs they're only for the U.S
exchanges like the New York Stock Exchange and the NASDAQ for Canadian stocks you're best to
stick to regular Market hours from 9 30 to 4. technically speaking questrade does allow some
aftermarket trading for Canadian stocks but there are some severe restrictions it's only available
for 45 minutes from 4 15 to 5 and worse you have to buy multiples of 100 shares unless
you're buying junk penny stocks 100 shares is a lot of money so for this tutorial I'm only
covering U.S stocks after hours before we jump in if you want to sign up with questrade which
is my favorite broker in Canada especially for buying U.S stocks then click my referral Link
in the box below to get 50 in commission free trade rebates for the first 30 days
when you sign up that saves you fifty dollars plus I'll get a small referral bonus as well and make
sure you watch the rest of my question tutorials the dark green colored thumbnails for step-by-step
walkthroughs on how to open an investing account how to buy stocks how to invest in U.S companies
as a Canadian how to use norbert's Gambit to avoid currency conversion fees how to transfer from
your bank's cheapest day or RSP how to read stock quotes and more so here is my rrsp account within
questrade and notice the time it is 7 44 PM so it is well after market hours the stock market closes
at 4 pm but now that Quest trade has extended their trading hours for U.S stocks until 8 PM
I have another 15 minutes to buy stocks you'll notice that I'm using the older user interface
which is now called quest trade Edge this is the version that I use every day I think it's
far superior to the newer UI which I've already talked about in detail in this video the new UI
is just two simple simple and limited for me I prefer questroid Edge because it shows me much
more information on the screen and it allows me to see a detailed list of all of my Holdings and
I can customize and sort them by different columns and you can't do this in the new UI also in order
to buy stocks after hours you have to be using Quest trade Edge so that's what I'll be using
in this tutorial so if you're new to questrade you're probably using the newer UI which looks
like this but to buy stocks after hours we have to switch to questroid Edge and I'll show you exactly
how to do that it only takes about 30 seconds if you're already using questroid Edge feel free to
skip ahead as always I include timestamps in my videos it's very easy at the top left we click
on accounts and then we click on all platforms at the top here click Quest trade Edge and then click
the button add questrate edge and then click add now click the green trade button and boom we are
now using questrate Edge I encourage you guys to use question Edge going forward but you can
always switch back if you want now I'm going to be buying US Stocks after market hours since I'm
buying US Stocks I need US Dollars and looking here at my cash balance you could see that in US
Dollars I already have 1919 dollars available to buy as always I used norbert's Gambit to convert
my Canadian Dollars into these US Dollars and by using norbert's Gambit I'm able to avoid paying
any currency conversion fees otherwise you'll be paying between 1.5 and 3 in conversion fees
that's huge I use norbert's Gambit every single time I buy U.S stocks and make sure you watch my
step-by-step walkthrough showing you exactly how it's done it's very easy and it will save you a
lot of money in the long run I'm gonna be buying one of my favorite U.S stocks and that's Proctor
and Gamble ticker symbol PG Proctor and Gamble is a great defensive stock as a consumer staple and
it's one of my all-time favorite dividend growth stocks and we know it's a U.S stock because it's
traded on a New York Stock Exchange as we can see here in Brackets NYSC so we clicked the green buy
and sell button and I'm going to be buying about a thousand dollars worth of shares so we pull up
our calculator we enter a thousand dollars the cash I'm going to spend and since we're buying
a stock we have to take away five dollars in commission fees so how many shares can I buy
we divide by the current share price click the circle icon to refresh the price and I divide by
the current share price at this moment 126.49 that gives me 7.86 but I can't buy a fraction
of a share I can only buy a whole number of shares so I have to round down to seven shares
so quantity seven shares for order type usually I do a market order which means buy the stock
right now at whatever price it is at this moment but the stock market is closed so a market order
won't work so I have to do a limit order instead and when I do a limit order I have to set a limit
price that is the maximum price I'm willing to pay for the stock so I'm telling Quest trade don't buy
this stock unless the share price drops below that limit price but there's a risk the share
price may never drop below that threshold and so my order won't go through but I want the order
to execute right away so I click this to set the limit price as the current asking price this is
important when I'm buying stocks after hours I have to change the duration the default is day
and day won't work because the Market's already closed the day is over so I have to choose gtem
which stands for good till extended Market in this case I'm buying in my rrsp account and
we click buy we get the confirmation window let's go over the details I'm buying in my rrsp account
I'm buying seven shares at this price so it will cost me about 885 dollars US I'll be paying about
five dollars in commission fees so total it will cost me 890 dollars this is how much cash I'll
have remaining and we click Send order and boom order was filled it was a limit order gtem good
till extended Market let's confirm so we go to my bounces and you'll see that my 890 dollars of cash
has been spent and if I go to orders you'll see that I successfully bought seven shares of Procter
Gamble at this price even though it was after hours you can see the time is 753 almost four
hours after the market closed but with this new feature I was still able to buy stocks so there
you have it that's how you buy U.S stocks after market hours the same steps apply for pre-market
And post-market Trades as you guys know I've been a huge fan of questrade for many years and
it's great to see that they're still adding new features and constantly improving and if you want
to sign up make sure you use my referral Link in the box below to get fifty dollars in commission
free trade rebates for the first 30 days that's saves you fifty dollars and you'll help to support
my channel thanks for watching guys and be sure to like comment and subscribe if you found this video
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everyone and I'll see you guys on the next episode of the Canadian and a t-shirt bye guys