How To Buy Ford Stock
Learning how to buy Ford stock is easy, if you already have a brokerage account. If you do not, you will need to open one so you can purchase some Ford shares. Once your account is open, make sure you send enough money to cover the stock purchase. If you are going to use margin, do not buy any Ford stock until you thoroughly understand all of the risks associated with using margin.
- Make sure your brokerage account is funded. If you are just opening the account, it will take several days for any deposits to clear. Do not attempt to purchase any Ford stock until you see that your account has funds available for use.
- Find out the current price of Ford stock. Look online for the price, or simply use the broker software. Check the 52 week high and low prices compared to where the Ford stock is currently trading. If you decide you want to buy the stock, place an order for the number of shares you want using the broker’s software.
- Make sure the transaction went through. The broker software should show you exactly what price you paid to buy Ford stock. Any commission will also show in your account. Keep track of the stock as time passes, and you may want to set an exit price for the stock.
- Keep an eye on the news after you buy Ford stock. When you buy a stock, unless you have a time horizon that is years down the road, it is important to monitor the company. Follow the progress of Ford, and if anything changes that makes you feel uncomfortable holding onto the stock, you may want to consider selling it.