5

Buying Your First Stock

Before you buy your first stock, you need to know the vocabulary so that you will know how to place an order correctly. You have a number of order choices, and it’s essential that you learn them all. It’s very common for people to make mistakes when placing orders, which can cost money.

Let’s say that you have decided to buy 100 shares of YYY, which is trading at $10 per share.

Note: Before you buy shares of any stock, it’s suggested you do research. Where do you start? First, I suggest you not buy shares until you have read this entire book. Then you will know about the risks as well as the benefits of buying stock. Second, in Chapter 18, I list dozens of resources, including other stock market books and websites that ...

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