Buy stock online
broker is easy - but you do need to know a few points before pulling the
trigger on your online trade. Here are some pointers to get you started.Let’s
look at fictional company ABC. Let’s assume that, as of this writing, the last
trade was 84.77, but the price at the last trading session’s close was $84.12.
Meanwhile, the bid and ask are $84.76 and $84.79. What’s the real quote
then?The bid price, or bid, refers to the price at which you can sell stock;
the ask price, or ask, is the price at which you can buy stock. You’ll see
there’s a 3-cent difference between these two numbers in the example above;
that’s the spread. for ABC on the New
York Stock Exchange makes its money on the
spread.Start by choosing Buy and entering your ticker symbol (or looking it up,
then entering it): ABC. Enter the number of shares you want to buy, too.You
have a few more choices to make as you tee up the trade ticket. First, are you
entering a market or limit order? A market order says you want to buy ABC at
the best available stock market price, whatever it is. This is usually the
fastest way to place your stock trade. If you’re stock investing for the longer
term and not too concerned with market timing, that might be fine for your needs.
Patna, India
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