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;
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).
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;
- The ticker symbol of the stock (i.e.- YHOO is the ticker symbol for Yahoo! Inc.)
- The market the stock is trading on (i.e.- NASDAQ)
- 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.
- The price you are willing to pay for the shares.
- 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.
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).
