Basic 101
Like everything in life experience counts - Always speak with a licensed professional before making a decision
  • The Stock Market
  • Understanding Stocks
  • What Is A Stock broker
  • Buying Shares
  • Selling Shares
  • I want to buy to buy stock - Investopedia

Buying Shares

To buy shares without considering professional adice can be expensive on the other hand the market has no respect for opinions regardless of age or experience.

I Ackerman
To buy and sell shares you will need an account.

Buy Orders
When you want to acquire shares of a stock, you give your broker a buy order. Make sure you have enough money in your account to cover the cost of the shares, as well as the commission fee. You will need to know the following;
  1. The ticker symbol of the stock (i.e.- YHOO is the ticker symbol for Yahoo! Inc.)
     
  2. The market the stock is trading on (i.e.- NASDAQ)
     
  3. How many shares you want to acquire. This is also referred to as the volume. With penny stocks you should always buy in multiples of 1000 shares, as you may be otherwise subject to extra commission charges from your broker.
  4. The price you are willing to pay for the shares.
  5. The duration of your order. For example, you may keep your order good for just that trading day, or have it good every trading day until it expires on the date you specified, which may be weeks later.
Thus, an example order you might enter would be; �I wish to buy 6000 shares of Alternative Fuel Systems Inc., ticker symbol ATF, at 1.30 cents or less. The stock is on the Toronto Stock Exchange, and I want this order to stay active until Friday of this week.�

If the price of ATF hits 1.30 cents or less, your broker should acquire the shares for you. You will find that 6000 shares of ATF have been added to your account, and the money for them has been taken out (6000 shares x $1.30 = $7800 + commission fee).

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