The easiest way to purchase stocks in Canada is to select an online stock broking platform of your choice, choose an investment account, establish an account online, fund the trading account and start buying shares.
Stocks also known as shares and equities, is one of the growth investment asset classes that is widely invested in. A company raises capital for its operations by selling its shares.
If you purchase shares of a company, then you are one of the owners who has an interest in the company. You have a claim on the profits of the company which is distributed as dividend, depending on the number of shares you hold.
There are two ways in which you can purchase shares in Canada.
The easiest way to purchase a stock is through an online broking platform. Once you open an account with a good stock broker, you can easily purchase the shares of your choice, at the convenience of your home.
Here, we have illustrated the steps:
a. Type the name of the share or its ticker in the search bar.
b. Select the order type – market order, or limit order or trailing order, stop loss order etc.
c. Type in the number of shares you wish to buy.
d. Review your order.
e. Click ‘Buy”.
That's it! You are done buying the stocks you like.
After the advent of online broking platforms, it has become very easy and accessible to purchase shares. It is merely a click away.
However, It is important that you make a complete fundamental analysis of the balance sheet of the company and technical analysis of the stock’s historical trends before buying or investing in the units of a company’s shares.
For a newbie, this might seem a bit tricky. So, be very careful while putting your money in risky asset classes.
Now, that you have knowledge of buying stocks in Canada, which stocks do you wish to invest in? Feel free to share your thoughts.