How Do You Buy Amazon Stock?
Open a brokerage account and deposit funds in it to purchase stock in a company, explains the Wall Street Journal. Companies such as Charles Schwab, E-Trade, and Ameritrade provide brokerage services. Once your funds are available for trading, indicate to the brokerage the number of shares you want. Amazon trades under the symbol AMZN, shows Yahoo Finance.
Investors may choose from four types of brokers, indicates Investopedia. Online and discount brokers are the cheapest, offering only trading services for a small per-transaction commission. Discount brokers with assistance execute trades but also provide research materials for a small account fee on top of the commission. Full-service brokers provide comprehensive financial advice for still higher fees. Money managers oversee clients' investments with minimal day-to-day input from the client. Money managers handle large accounts and charge substantial fees.
Investors may use different order types to purchase stocks, notes Investopedia. A market order instructs the broker to immediately purchase a stock at the prevailing market price. It is the simplest and fastest trade but does not guarantee a particular price. A limit order tells the broker to purchase a stock at a certain price. This locks in a price but the trade only happens if the market falls to the price set in the order.