- Contact a Broker of your choice to buy or sell shares on your behalf.
- Give him or her clear instructions, whether orally or in writing.
- The buying/selling process begins when you place an order with your Broker (member / dealer) for a specified number of shares in a company.
THERE ARE THREE (3) TYPES OF ORDERS THAT YOU CAN PLACE:
- A MARKET ORDER – this is where you ask your broker to buy or sell stocks at the market price.
- A LIMIT ORDER – this is when you set the price at which you want stocks to be bought or sold.
- A STOP ORDER – gives an approximate buying or selling price of stock and when the approximate price is reached the stock order becomes a market order.