Step 1: Find a Good Online Broker
One of the characteristics of a web broker is that the exchanges they need access to. Not all brokers allow you to shop for shares of Tesla, just because they do not have access to the NASDAQ. Needless to mention, you would like a broker that provides you access to the present exchange.
Step 2: Open Your Brokerage Account
After finding your online broker, you would like to open an account. This is very similar to a daily checking account and opening one is typically an online process. At some brokers it’s as quick as opening a replacement Gmail account, at some brokers, it takes a few days until they are doing some background check on you.
Step 3: Deposit Money to Your Account
You will pay to shop for those Tesla stocks. This cash first must be sent (deposited) to your broker. This is usually super easy and quick, actually even easier than opening your account.
The most common way you’ll deposit your money is through bank transfer and using a credit/debit card. At some brokers, you can deposit to your Demat account even from different electronic wallets.
Step 4: Buy the Tesla Share
You have the account, the cash, and therefore the share target. The last step is to initiate the buy button! You log in to your online brokerage, search for Tesla shares, insert the number of shares you wish to buy, and click buy, which will initiate the purchase of shares.
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Step-1. Open Capital Trader Application:
Login in to your Live Account using Username and Password.
Step-2. Select TESLA from the List of Scripts Available:
Step-3. Execute Buy Order
- Right click on chart then tap on “BUY TESLA at 700.45”
- Now, the New Position table will appear to select the amount (no. of shares) you are interested in buying (Don’t forget to consider the current market price and number of shares for which you are placing your order it should not exceed the total amount in your account)
- Now, the Order Executed Successfully message will appear on the screen.