Before you open the screen
Settle three things: the stock by its ticker, not just its name; the amount you will put in; and that your available buying balance covers it, charges included.
The order screen, field by field
- StockType the ticker and make sure the name shown is the company you mean.
- SideBuy. Mixing up buy and sell happens more than you would think, so look twice.
- QuantityThe number of shares, not the amount in EGP.
- Order typeYou pick from the types your firm offers, such as a market order or a limit order. Ask your firm what it offers; the difference has its own lesson in the trading path.
- PriceYou enter it for a limit order: the most you are willing to pay per share.
- ReviewCheck the estimated value and the charges, then send.
After you press send
Open the orders list in the app. The order may still be waiting, partly filled, or fully filled. While the order is still open, you can ask to cancel the part that has not filled yet, depending on your brokerage firm's system.
After settlement, to be sure the shares are really yours, you can follow your balances and executed operations through MCDR's inquiry services with your unified code. If the balance is missing, request a movement statement for that stock.
Look at the stock before the order
Before any order, open the stock page and read the price and the order book, so you know where the numbers you type come from.
Check yourself
1. 200 shares at 5.50. Estimated value before charges?
2. What does the Quantity field mean?
3. Your order shows partly filled. What does that mean?
Summary
- Pick the stock by ticker and confirm your balance first.
- Check side, quantity and estimated value, with charges on top.
- After sending, follow the status, and after settlement confirm the shares at MCDR.