How Do I Buy Stocks on TradeStation?
To purchase shares of stock, you'll need to ensure that your brokerage account has enough money for the transaction. Enter the symbol (or ticker symbol) into the order box on your trading platform. Once you've entered this information, click Buy and wait for confirmation from TradeStation. Once confirmation comes through, TradeStation has executed your order, and you should purchase your stock at its current price on the market.
As a stock trading platform, TradeStation is a complete solution for investors. It has one of the best trading platforms in the world, complete with all the tools you need to trade stocks and options. TradeStation comes with advanced charting, powerful analytical tools, extensive online education, and research capabilities. In this tutorial, you will learn how to buy stocks on TradeStation step-by-step.
1. Login to TradeStation
You need to open an account with a brokerage firm once you decide to buy the stock. Open a new account by visiting TradeStation and clicking Sign Up on their homepage.
After signing up and entering some personal information, you will receive an email with instructions on how to fund your account and make your first purchase of stocks online or over the phone.
2. Click the Quotes and Trading Icon on the Toolbar
Accessing the trading window is easy. Click the Quotes & Trading icon on the toolbar. Alternatively, you can press the Hotkey F4 for it.
You can go to your dashboard page and click on Trading in the top left corner of your screen (or press Ctrl+R). From there, select Action Center followed by MarketWatch.
It will open up a new window that shows more information about stocks, including their latest prices and quantity available at each price level.
3. Enter the Stock Symbol or Name in the Search Field
Once you have opened the TradeStation platform, a search field will allow you to enter the stock symbol or name. Click on Buy at the top of your screen and type in the name of your stock.
The default setting lists all available stocks on major exchanges such as NYSE, Nasdaq and AMEX. You can also select from additional exchanges.
4. Click on the Stock Symbol From the List
Click on the stock symbol from the list of stocks on the Stock symbol and select Buy. You will find the display of the Total Position in your account. Click OK on this window to complete your order when satisfied with the price and quantity available. Also, confirm by selecting Buy or Sell.
5. Check the Latest Stock Price and Quantity Available
The next screen you'll see is the Stock Details screen. This screen should give you information about the current price of the stock and the quantity available to purchase.
Is this is your first time buying a stock? Note that there will be no quantity available to buy yet because your account doesn't have any money yet.
6. Enter Your Desired Quantity
To buy stocks on TradeStation, follow these steps:
- Enter the number of shares you wish to purchase.
- Click on the Review Order button.
- Confirm your order by clicking on the Buy button.
7. A Confirmation Window Will Appear
Once you have completed all the steps, a confirmation window will appear. Click on OK to submit your order(s). You can cancel your order any time before it is submitted by clicking on Cancel.
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