i am brand new to the stock market and im sooooo lost. do i need to go through a broker? im looking at one particular stock and it has an ask price of 3.00 but it also has an x 1100 next to it, does this mean i have to buy 1100 shares? then there is a bid price... what is all this meaning?... need help!!!!!
2007-02-13 01:30:48 · 8 answers · asked by cacowboy_06 2 in Business & Finance ➔ Investing
before you think about buying stock, first buy "Investing for Dummies" It will be well worth the price. Except in very special circumstances, you do need a stock broker. Scottrade, TD Ameritrade, Fidelity, and Etrade are all good options for you.
2007-02-13 04:17:43 · answer #1 · answered by Anonymous · 0⤊ 0⤋
No you don't need a broker and no you don't have to buy 1100 shares. It means that there are 1100 offered at that bid price. You can invest on you own easily but it does require a little work. Educate yourself before you throw your money out the window.
2007-02-13 01:43:47 · answer #2 · answered by Anonymous · 0⤊ 0⤋
It's mostly done electronically now. When you enter a buy or sell order, that buy order goes electronically, through your broker's computer network, to a stock "specialist" on the stock exchange floor who finds a buyer or seller at your requested price, or at the going price. Some exchanges have people who work as specialists, but with some exchanges everything is done electronically by computer. For small orders, your order will probably be combined with some other larger orders.
2016-05-24 05:06:37 · answer #3 · answered by ? 4 · 0⤊ 0⤋
You don't always have to go through a broker. Even online, you are technically are going through a broker. Some companies allow you to buy stock literally over the counter at their headquarters. Generally those kind of transactions have low volume and no way to check to see if the stock is going up or down unless you call or cash in.
2007-02-13 05:53:16 · answer #4 · answered by gregory_dittman 7 · 0⤊ 0⤋
Yes you have to use a broker of some sort, whether it be a regular broker, discount broker, or online broker.
You can't get stocks any other way
2007-02-13 04:02:30 · answer #5 · answered by bob shark 7 · 0⤊ 0⤋
No, you dont have to go to broker, there are lot of online trading firms like ameritrade, Scott trade etc,. However, you seem very new to the system, so i would suggest to talk to a broker before your hands burned.
2007-02-13 05:03:55 · answer #6 · answered by Nice Conv 2 · 0⤊ 0⤋
There's literally thousands perhaps millions of ways to educate yourself on investing. Even if it is just starting with ,"Investing for Dummies", Watching MSNBC, reading Wall Street Journal, and/or other money magazines. Try to read Jim Cramers book.
2007-02-13 02:03:09 · answer #7 · answered by jaypea40 5 · 1⤊ 0⤋
wow, you sound really inexperienced. get a broker with low commissions. (and don't jump at every "tip" you hear)
2007-02-13 04:22:44 · answer #8 · answered by Ovrtaxed 4 · 0⤊ 0⤋