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New to this, not sure what things mean!


RoyCB

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Hoping you can help! Trying to buy some USA stocks, done the W8BEN form, so good to go, but...When I go to the shares I want to buy, I am asked for share quantity,  (assuming monetary value I want to spend is what is needed here?) Order type...(only limit is available) and order quantity....what is needed here?

I thought that putting a value in share quantity would automatically convert to order quantity?  Not sure how to complete it to buy, or what question to Google to find out....🙄

 

 

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Hi @RoyCB

Quantity of shares: The number of shares that you would like to buy. You can change this field to be value of money that you would like to spend on the shares. 

Order type-Limit: This will trigger a purchase order when the share price of the stock reaches your specified buy price or a more favourable price

Order level: This where you specify what price you would like to buy the share at. 

Hopefully that clarifies it for you. 

All the best, 

Anda

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On 18/12/2021 at 03:18, RoyCB said:

Hoping you can help! Trying to buy some USA stocks, done the W8BEN form, so good to go, but...When I go to the shares I want to buy, I am asked for share quantity,  (assuming monetary value I want to spend is what is needed here?) Order type...(only limit is available) and order quantity....what is needed here?

I thought that putting a value in share quantity would automatically convert to order quantity?  Not sure how to complete it to buy, or what question to Google to find out....🙄

 

 

Hi @RoyCB,

Could you please clarify which filed you are referring to?
Are you using a share dealing account or Leverage account?
Effectively the first field quantity is the number of shares you would like to purchase or sell.
 image.png
Feel free to add an screenshot.

Thank you - Arvin

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Hi, it's shared  dealing, and my screen doesnt look like the one you show? Similar, but the 9ne that pops up asks for quantity of shares, then order type (default appears to be "limit") and then "order level" which seems to be expecting a numeric value?

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20 hours ago, AndaIG said:

Hi @RoyCB

Quantity of shares: The number of shares that you would like to buy. You can change this field to be value of money that you would like to spend on the shares. 

Order type-Limit: This will trigger a purchase order when the share price of the stock reaches your specified buy price or a more favourable price

Order level: This where you specify what price you would like to buy the share at. 

Hopefully that clarifies it for you. 

All the best, 

Anda

Thank you, it does.Have a great Christmas. 

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