How to Buy Stock
Many investors have relationships with stock brokers who place purchase orders of stock for them. When placing a buy order for stock, it's a good idea to discuss with your stock broker whether placing a limit order on your purchase is better than placing a market order.
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Instructions
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1
Calculate how much money you have to purchase stock.
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2
Make a list of stocks that you are interested in buying so you can research the companies. You can find stock research information, as well as the price of the stocks, online at financial websites like Yahoo! Finance.
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3
Determine which stocks from your list are priced in a range that you can afford.
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4
Call your stock broker if you have an established relationship with one within a full-service brokerage firm. If you do not have an established relationship with a stock broker, use an online brokerage firm, such as TD Ameritrade or Scottrade, to purchase your stock.
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5
Tell your broker which stock you want to buy and the number of shares you want to buy. The number of shares depends on how much money you have to work with.
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Discuss with your broker the limit price you're willing to pay for the purchase of the stock you want.
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Instruct your broker to place a "limit" order to ensure you don't pay more than your requested limit price for each share of stock you purchase.
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