1. Choose Buy or Sell
The first step is always to choose what we would like to do, buy shares long or sell shares short. As a new investor, keep it simple, buy shares long!
2. Insert Quantity
Next we enter how many shares we would like to buy or sell in total. To calculate how many shares we can afford, simply take the total amount of cash currently in the account and divide it buy the stock’s last price. So, if stock XYZ is trading at $10 and we have $1000 in our account, we can afford to purchase 100 shares of stock ($1000 / $10).
3. Insert Symbol
The ticker symbol represents the company we are going to trade. For example, Disney has a ticker symbol of “DIS”, Apple is “AAPL”, and Facebook is “FB”. If we are not sure of the company’s sy