How To Buy Stocks

How To Buy Stocks

February 3, 2019

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If you've never bought a stock before and want to learn how to, you've come to the right place!





When you buy a stock, you own a part of a public company. Maybe you believe in the company and think it will do well in the future, maybe you just want to buy and sell quickly for a profit or maybe your just curious how it works. Buying and selling stocks can be profitable, we will go over strategies in the future but for now let's keep it simple and teach you to buy a stock.





  1. First, you need to open a brokerage account to buy and sell stocks on the stockmarket. A brokerage account facilitates your buy and sell orders, provide you with the software tools to do so and are in regulation with federal governments to make sure everything is running smoothly. There are many different brokerage out there so make sure you keep your options open. You can view a list of our supported brokerages here. You will then need to follow instructions and fill out paperwork for tax purposes.
  2. Second, after you open your brokerage account you will need to fund your account. funding your account is as simple as transferring money from your bank account to your brokerage account via wire-transfer or whatever options the brokerage supports. TIP: most brokerages allow you to open a trial account and paper trade which simulates the stock market with fake money so you don't have to risk your real money and learn the ropes!
  3. Third, after you have signed up for your brokerage account and funded (or made a paper trading account) you now need to search a stock! Each stock has what is called a ticker symbol which is a combination of letters to designate which stock is paired with a company. For example Facebook's ticker symbol is FB, Apple's is AAPL. All brokerages provide a search engine to find ticker symbols, so type in your letter combination.
  4. Lastly, now you can buy your first stock! After you searched your ticker symbol there will be buy button and order type. To keep this short we will go over order types next time but it should default to market or MKT. Their are many order types that provide different execution conditions. Now just enter your quantity for the stock and click BUY (see the photo below, on the left is the ticker symbol for Facebook and on the right is the buy button).





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