Buying or selling stocks is done by placing 'Orders'. You can place a 'Buy Order' to buy the stocks at a particular price. Similarly to sell a stock at a particular price, you have to place a 'Sell Order'.
Each Online platform has different ways to place these orders. But generally, all of these provide the following basic options when placing an order:
Option to choose whether you wish to Buy or Sell a particular stock
The name / symbol of the particular stock which you want to either Buy or Sell
The Number of stocks (Quantity) that you want to either Buy or Sell
The Price at which you would like to either Buy or Sell this stock.
After you have confirmed the order, it is placed in the stock exchange through the Online System. Your stocks are actually bought or sold once this order gets executed in the exchange.
Sunday, April 5, 2009
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