How to Buy & Sell Stocks for Dummies
Buying and selling stocks is still as rewarding and risky as ever. However, thanks to technology, the plethora of information available, the ease of access, and the demand, have all made buying and selling stocks something anyone can partake in.
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Significance
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The explosion of online trading firms has made trading stocks over the Internet readily available and easy to complete without using a stock broker. An investor needs to first have an account open, and funds in the account to buy, or the securities in the account to sell.
Considerations
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When entering a buy or sell order, you will need to specify that your order is an order to buy or an order to sell. You will need to provide the symbol or stock's name and the number of shares. You can specify a price you are willing to pay for a buy order, or a price you will accept for a sale order. These are called limit orders. A market order means your order will be executed at the price the stock is trading at when the order is received. Market and limit orders must be entered between 9:30 a.m. to 4:00 p.m for same-day execution. Limit orders can be entered as day orders or good until canceled.
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Considerations
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Never invest more than you can afford to and are willing to lose. Have a target price, and limit a loss if a stock is declining. Become an informed and educated investor by reading as much as possible on the subject.
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References
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