Buy stocks and shares
Shares are often surrounded by mystique but the principle behind them is simple and straightforward. Companies do not have to be quoted on the stock market to issue shares. When businesses start out, many of them raise money from outside investors, who are given a share of the company in return. These investors tend to be friends, family or benefactors and their shares are known as unquoted because the companies are not listed on any stockmarket. This is just a legal status for the company. When a company wants to raise money more widely, it can apply to become publicly listed or quoted on an exchange, such as the London Stock Exchange.
How to buy stocks and shares: five steps if you're a first-time investor
If you have any problems logging into myDavy, please read How do I log in. The shares that you currently hold are listed on the trading page. This will enter the name into the Share Name field, and you can proceed to choosing the type of order you wish to place. This tool is available when you are logged in.
You can access this by clicking on the Search Shares link above the search box in the Trade Shares section. Once we add the share to our list of shares, you will be able to trade it online. However, if you place an order with the Dealing Desk by phone, you will be charged the higher commission for telephone trading more information on charges.
The indicative price is an initial estimate of the price based on the last recorded trading price of the shares. This is provided for information purposes only, as the reporting of market prices is delayed by 20 minutes. This price is not guaranteed, and the quote that you receive for the shares will probably differ from the indicative price. The currency that the share is traded in is displayed beside the Indicative Price, and beside the price that you will set for the shares.
A quote order is a quote on the lowest price that these particular shares are available to trade at through myDavy. You can decide whether to accept the quote and deal at the quoted price, or reject the quote. If you reject the quote, your order will not be placed. Quote orders are only available on myDavy for Irish and UK stocks during market hours. A Limit Order means that you set the highest price that you are willing to pay for the shares at this time. You must set a time limit on the order, known as the duration.
Your duration choices are:. The currency that you wish to pay in. If you hold sufficient cash in that currency with Davy Select, you may prefer to pay for it in this currency, so that no currency transactions are required. If you do not hold cash in this currency or if you have insufficient cash in this currency, Davy Select will automatically undertake a currency deal on your behalf to fund the transaction from the currency in which your cash is held. Once you place your quote order, you will have 10 seconds to accept or reject the quote.
In this time, you must review the quote and choose to accept or reject the quote. You can either cancel the order and return to the Trade Shares page, or choose to place a limit order. If you neither accept nor reject the quote within 10 seconds, the quote will expire. At this point you can cancel the transaction and return to the Trade Shares page, or choose to place a limit order for the shares. Choose your duration: Good for Today only or Good until Friday week explanation of duration.
Click Calculate to see a breakdown of the charges on the trade. Calculate allows you to see how much each trade will cost or recoup for you.
It gives you a breakdown of the charges on the trade in both the settlement currency and the transaction currency. The settlement currency figures are an estimate, as a currency deal may be required.
If you are happy to proceed with the trade, click on Preview Order to review the details of your order before placing it. If you have signed up to receive confirmation of your trades via email My Profile section , you will receive an email when your trades have executed.
Warning: The value of your investment may go down as well as up and you may lose some or all of the money you invest. Past performance is not a reliable guide to future performance. Investments denominated in a currency other than your base currency may be affected by changes in currency exchange rates. Execution-Only is not for everyone.
You should ensure that you fully understand any investment and the associated risks before making a decision to invest. Alternatively, Davy can arrange for you to open a different type of account, where we can advise you in relation to investment decisions, or where we can manage investments on your behalf. This website does not constitute investment advice as it does not take into account the investment objectives, knowledge and experience or financial situation of any particular person or persons.
Prospective investors are advised to make their own assessment of the information contained herein and obtain professional advice suitable to their own individual circumstances. Details about the extent of our authorisation and regulation by the Financial Conduct Authority are available from us on request.
Contact Us. Customer Services 01 Pensions 01 Trading 01 Request a Call. Customer Services How do I …? Log in to myDavy and go to the Trading section If you have any problems logging into myDavy, please read How do I log in.
To buy shares in a company that you already hold shares in The shares that you currently hold are listed on the trading page.
Find the shares that you want to buy To buy shares in a company that you do not currently hold shares in: Click on the Trade Now button. Enter the company name into the search box. Select the share you wish to buy.
Proceed to choose the type of order you wish to place. Once you have selected your shares, the Indicative Price and the Currency are displayed The indicative price is an initial estimate of the price based on the last recorded trading price of the shares.
Order type: Limit or Quote? You now need to choose the type of order you want to place. Quote order A quote order is a quote on the lowest price that these particular shares are available to trade at through myDavy. Limit Order A Limit Order means that you set the highest price that you are willing to pay for the shares at this time. If you input the order after market close for the relevant Exchange, the order will be treated as Good for Next day and will expire when the market closes the next day.
If you wish to place a quote order: Enter the number of shares that you would like to buy. Choose your settlement currency. Click Request Quote. Settlement Currency The currency that you wish to pay in. Quickly review the quote Once you place your quote order, you will have 10 seconds to accept or reject the quote. Accept the quote If you accept the quote, your order will be executed at the quoted price. Reject the quote If you reject the quote, your order will not be placed.
If the quote expires If you neither accept nor reject the quote within 10 seconds, the quote will expire. If you wish to place a limit order: Enter the highest price you are willing to pay for the shares at this time.
Enter the number of shares that you would like to buy. Preview Order On the Preview Order page you can review the details of your order. Open orders are those currently working in the market and which have yet to be dealt in the market. Open orders can be valid for up to 14 days inclusive of weekends.
Open orders include those partially executed where the order is partially dealt but not completely executed, or the order can be partially executed but where the remainder of the order is pending cancellation. You can chose to Cancel Order in the Open order section. Confirmation of Trade If you have signed up to receive confirmation of your trades via email My Profile section , you will receive an email when your trades have executed.
Customer Service 01 Have a member of our team call you back. First Name. Error Sending Unable to process the request. Please try again. Sent Thank you. A member of staff will be in contact with you shortly. You can email us with your enquiry by completing the form below.
Applies to certain products and volumes. Stock trading carries risks. Open an Account in 60 Seconds & Start Experiencing The Stock Market Today!
Search Search. Menu Sections. Some stockbrokers charge twice as much if you buy shares from them over the telephone rather than online.
Getting your savings to grow has never been tougher.
Your investments are not guaranteed; they can decrease in value as well as increase and you may not get back the full amount you put in. A share's a unit of ownership in a company.
Investing in shares
Consumers Home Business Home. Stocks and shares can be complex for the first-time investor. In this section you will find information to help you understand how they work. A share is a small part of a company that you can buy for a set price. Share prices can move up or down in value, depending on the performance of the stock market, the current profitability of the company and the expected future profitability or potential of the company.
Stocks and shares
Those who invested in these companies during their penny stock days could have made a substantial gain over time. Read ahead for everything you need to know about penny stocks, and how-to identify good penny share opportunities. The low share price means the stock is likely to be a highly speculative investment. But generally, penny stocks have low share prices. They are usually characterised by very high volatility and are seen as higher-risk stocks, with the possibility of significant growth. The appeal of penny stocks and penny shares is easy to see. And of course, if your penny share one day goes on to join the blue-chips, you could end up making large returns with the right trading strategy. It is also best practice to trade in industries where there is large market growth as opposed to industries that are declining. Penny stocks tend to not see much daily trading volume on the stock markets, therefore it often doesn't take a large buy or sell order to move the price. If plenty of people are talking about a penny share, on internet forums for example, that could also influence the price.
Investing in the stock market for the very first time can seem a daunting task.
If you have any problems logging into myDavy, please read How do I log in. The shares that you currently hold are listed on the trading page. This will enter the name into the Share Name field, and you can proceed to choosing the type of order you wish to place. This tool is available when you are logged in.
Davy Select: Making sense of investing and pensions
For a better user experience and secure browsing, please upgrade to the newest version of Internet Explorer or other alternative. Join more than , other investors and trade with incredibly low rates. Read the full article. Check out our new Knowledge Centre to learn more about what investing entails, what kind of trader you are, different strategies and how you can use our tools to your advantage. Access global exchanges anytime, anywhere, and on any device. We give you the tools and the possibilities. You are in charge of your financial future. You can register an account online in under 10 minutes. The registration process is simple and there is no minimum deposit needed. If you have any questions, our Service Desk would be happy to assist. Invest worldwide at unprecedented low rates. Data protection and safekeeping of clients assets are our priority. Our investment platform is at the forefront of the industry but we are not content to stop improving. We are continuously expanding our services. Our investment platform is at the forefront of the industry.
How to buy shares online
Achieving this is not easy, but you have to start somewhere. Investing in shares online is one of the best ways to reach this goal. And the good news is you that can do all of this completely online, from the comfort of your own home. In this article, we will explain jargon-free, in plain English, how to buy shares in a company. People usually ask about how to invest in a company because they either want to make money profits or gain some trading experience. Both are possible, and can also be fun, if you select the right stocks. You can make a profit if your share pays dividends or its price increases. This is one of the best long-term investments. Have your friends ever talked about investments or the stock market, and you had no clue what any of it meant?
