Your First Trade
~4 min read
Placing Your First Order
Placing a Buy Order
You have done your research, opened your CDS account, and funded it. Now it is time to buy your first shares!
Types of Orders
- Market order — Buy at the current best available price. Executes immediately during trading hours.
- Limit order — Buy only if the price reaches your specified price or lower. May not execute if the price does not reach your limit.
Step by Step
- Log into your broker's platform
- Search for the stock by ticker (e.g., SCOM)
- Select "Buy"
- Enter the number of shares or the amount you want to invest
- Choose order type (market or limit)
- Review the order summary (price, fees, total cost)
- Confirm the order
After You Buy
- You will receive a contract note from your broker
- Shares will appear in your CDS account after T+3 settlement
- Check your holdings on your broker's platform or Stockr portfolio
Congratulations! You are now a shareholder and part-owner of a listed company.