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How to buy and sell shares
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Short Description: •You need an agent, called a stockbroker to buy or sell shares. on your behalf. ... they simply buy and sell shares after being given your. instructions. ...
Content Inside: How to buy and sell shares Lesson SevenHow to buy and sell sharesLearn about:How to buy and sell sharesA market is where buyers and sellers come together for theASX computerised tradingpurpose of exchange. What is being exchanged or traded in the sharemarket are shares. There are a few differencessystemthough in how the sharemarket operates compared to yourStockbroking firmslocal food or craft market. The Australian sharemarket does not have a physicallocation such as a trading floor any more. Trading occursDid you know?via a computerised trading system linking stockbrokingTrading shares has becomefirms around the country.much cheaper in recent You need an agent, called a stockbroker to buy or sell sharesyears as stock brokers haveon your behalf. There are over 90 stockbroking firms acrossmade use of new technologyAustralia. Some firms offer financial advice. These firmsto provide a better service toare called full service brokers. Other firms are non-advisoryyou. Buying and selling shares they simply buy and sell shares after being given yourcan cost as little as $15 for ainstructions.transaction-only service. Youmay need to pay more if you Setting up an account with a broker requires completion ofwant advice and/or access topaperwork and the broker will often require a minimumresearch on a company.amount of money to be placed into an account before youcan buy shares.Famous quote Brokerage is the fee charged by the stockbroking firm forbuying and selling shares on your behalf."Seventy years ago the stockmarket was a rich man's A complete list of brokers can be found atgame. The average investorwww.asx.com.au > Investor Centre > Shares > Gettingput his money in the bank orstarted > Find a brokerput it in the mattress. Today, When buying or selling shares your order is enteredthe stock market has becomeinto a computerised trading system at a stockbroking firm.everyone's best hope for aThe trading system finds a seller in the market that isstrong retirement income"prepared to sell shares for the price you are willing toDiana Henriquespurchase them for. Within three days of your broker executing your order,payment will be executed. If you have sold shares you must provide access to the shares you have sold so they can be transferred to the new owner. If you are purchasing shares in a `float' or `Initial Public Offering' you can still organise thisthrough a stockbroking firm. For more details on buying shares in a float see Lesson Two. To buy and sell shares you must be over 18 years of age.Lesson 07561
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