Buy Amazon Stock – How To Buy Amazon Stock For Beginners
Buying Amazon Stock (NASDAQ: AMZN) could be one of the most thoughtful investment decisions a beginner in the stock market could make today. The allure of investing in amazon stocks strengthens as the company breaks new profit records and ventures into new business lines. With revenues of $321 billion in 2020, Amazon is the world’s third-largest company after China Petroleum & Chemical Corps closed the year with $342 billion.
Walmart recorded total revenue of twelve months trailing $355 billion by the end of the financial year ending 2020, making it the world’s largest company by revenue. Due to these results, any investors could wonder whether they can still invest in Amazon or it’s too late. Despite being the third-largest company by revenues, Amazon is the largest online retailer by Market Cap.
The firm is making aggressive moves by getting into new business lines to expand its revenues. We have seen it develop interests in the pharmaceutical industry and even grocery markets in the recent past. Historically we have seen stable companies start to have liquidity issues that led them to perform poorly after such rapid expansion as we are witnessing with Amazon. Should you buy Amazon stocks now or wait? Stick with us as we analyze Amazon and teach how to buy amazon stock and when to buy in the US in 2021.
How To Buy Stock in Amazon – #1 Platform eToro.com
Amazon opened as an online bookseller in 1995, with an initial investment of $250,000 from Bezos’ parents. It made its primary listing at an initial price of $18 in 1997 on the NASDAQ stock exchange, and since then, they have been listed on seven more exchanges across the world, and their share price has grown more than 150 times. Amazon shares are listed under different symbols in these seven stock exchanges, as shown below.
|USA||NASDAQ Global Select Consolidated||AMZN.O|
|Brazil||BM&F Bovespa Exchange||AMZO34.SA|
|Argentina||Bolsa de Comercio de Buenos Aires||AMZN.BA|
|USA||NASDAQ Global Select Market||AMZN.OQ|
|USA||Cboe BZX Exchange||AMZN.Z|
|USA||Cboe EDGX Exchange||AMZN.DG|
|UK||London Stock Exchange||0R1O|
|Germany||Frankfurt Stock Exchange||AMZN.F|
It’s all about Fractional Investing
It may not be feasible to buy Amazon stock if you’re on a tight budget because the stock is valued at over $3,400 as of writing this. Not only is that a ton of money to find, but also too much to invest in a single company share if you’re starting out. If you are still eager to buy Amazon stock in 2021, there is an easier way to do it even if your funds are limited; you need to learn about fractional investing.
These days online brokers allow traders to put money into fractional shares. That means you don’t have to buy an entire company share at a whopping $3400 when you can own just a piece of the share that you want. This way, beginners can start small and increase their stakes over time, making good revenues from the share market.
Not every online broker allows fractional investing, and there are some stocks that cannot be purchased infractions. The good news is you can buy Amazon stocks infractions and build them up over time as you gain more confidence. Brokers such eToro allow you to purchase amazon stocks infractions in the US today.
How To Buy Amazon Stock?
Buying Amazon shares is incredibly easy, and you do not need to be an expert to get started. You simply need to follow four significant steps to get yourself ready before making your first purchase of Amazon stocks:
Step 1. Research on Amazon Stock Price
The share market only favors those who prepare adequately before getting into buying stocks. Amazon has exhibited success in numerous ways, and you may simply want to jump in and get started. There is no such thing as a “sure thing” when we are talking about the stock market. Keep in mind this is a volatile market, and prices can shift in your favor or against at any time. You want to be sure that Amazon stock is still strong and that it is the right time to buy. As a beginner, you don’t want to buy your first stock only to see it lose value and get stuck at a lower price when you get in with all the excitement of how much money you will make. While this is normal in the stock market, you want to buy Amazon stocks at the right price to maximize your profits. It pays to do due diligence and make an informed decision.
Step 2. Find a Broker
The broker you settle for will have a lot to do with how successful you will be in the share trading business. You can buy Amazon stocks today with any broker, but we need to bring to your attention that not all brokers are equal. You want to make sure that your money is in safe hands and that you will get the best trading conditions from your broker of choice. Remember, we are in this to make money, so factors such as the cost of buying Amazon stocks and the efficiency of the broker platform will be vital when selecting a broker. Lastly, verify that CFTC and NFA regulate the broker. We recommend eToro because you get to buy Amazon stocks at zero commissions, lowering your trading costs and maximizing your earnings.
Step 3. Open and Fund your Trading Account
Now that you have picked your broker of choice, it’s time to set up your trading account. First, go to the broker’s website and signup for an account. You will find a “join now/get started/ signup” button on the broker’s home. Submit your details to get started; these will be the basic KYC (Know Your Client) details such as your name, date of birth, address, residence, and source of funds.
The broker will send you a link in your email that you will have to click to complete the first registration stage. You can now log in to your newly opened account to verify your identity before your account can be fully set up. Verification procedures for most brokers will require you to share a picture of your identification documents, such as your passport or driving license, and a utility bill that can be used to verify your residential address. Your account will be ready for funding as soon as you’re done with this procedure.
You can now fund your account using your preferred method as long as it is supported by your broker. Some brokers will require a high minimum deposit to activate your trading account, while others, such as eToro, need you to make a low minimum deposit of only $200.
Step 4. Buy Amazon Shares
You can buy Amazon shares anytime as soon as your funds hit your account. If you used eWallets such as PayPal and Neteller, your funds should reflect immediately. Card payments are also instant, apart from in rare situations where you may be required to verify that you’re the rightful owner of that card. To buy your stocks, simply navigate to the shares section and search for Amazon or AMZN, insert the amount of money you want to spend then proceed to buy, easy-peasy.