How can you tell if a stock is a forex?

Daniel: How can you tell if a stock is a forex?
i’ve been looking at a specific stock:

Portage Resources Inc POTG:OTCQB – PINK OTC MARKETS INC

how do i tell if its traded as a foreign exchange or over the U.S.?

the reason i wnat to know is because my broker charges $ 50 extra if the stock is :”Trades placed on the U.S. over-the-counter market”

will i be charged $ 50 extra for selling this stock?

Answers and Views:

Answer by Aa Aa
Sorry if this is no help to you but I think you should know that if you get a lot of those stocks there is a great chance you will get loads of cash. I think you should stay with them. But, you will be charged extra because I don’t think it is American.

Answer by MVD34
Pink sheets is Over the counter US exchange…although some brokerages charge extra for that too.

It is extremely unwise to invest in such things. 97% of everything trading OTC is garbage and 99.999% of everything trading there for less than $ 1 is.

Answer by Common Sense
This stock did very well today. Up 37%.
Congratulations.

I have to say… beginners luck is something else!!!!!
You’ve done everything wrong & yet you’re profiting nicely. This will be your downfall…. because you’ll do the same thing again and again…..expecting the same results & it won’t happen. You’ll eventually lose everything you made on this stock…. and much more.

You invest in the last place a new trader should. You use terms that you have no idea what they mean (Forex is currency trading… it has nothing to do with stocks). This is an over the counter stock (which has nothing to do with it being foreign or not). And yes… based on what you say.. there will be an extra $ 50 charge. why would you have broker that charges more for the type of stocks you want to trade?????

Maybe you haven’t read any books on trading/investing. Maybe you failed to educate yourself before opening a brokerage account. Not a good idea when you’re risking your own money.

I wish you luck. I hope you take the time to read 4-6 books on investing/trading.

Answer by David Junior
well, the asnwer from Common Sense is somehow correct. But to tell you the truth, the stock went up because it is very very cheap (penny stocks). In the short term, it will really go down very hard, and people will start losing plenty of money.

Forex is Currency Foreign Exchange, used to trade currencies online.