With over 320 million active users, Twitter is one of the most well-liked social media platforms available today. Discover how you can access the company’s shares through IG and get a detailed look at the business.
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How To Buy And Invest In Twitter Shares?
Spread betting and CFD trading is two options you have if you want to purchase Twitter stock. Conversely, with trading, you can go long on the share price without owning the underlying stocks, whereas with share dealing, you can purchase and own the actual shares.
Investing In Twitter Shares
To invest in Twitter shares, use the IG share dealing service. Follow these steps:
- Create or log in to your share dealing account
- Type ‘Twitter’ in the search bar and select it
- Choose a deal price
- Enter the number of shares you want to buy
- Confirm the purchase
Trading Twitter Shares
Follow these simple steps to purchase Twitter stock (go long):
- Create an IG trading account or log in to your existing account
- Enter ‘Twitter’ in the search bar and select it
- Choose your position size
- Click on ‘buy’ in the deal ticket
- Confirm the trade
How To Sell And Short Twitter Shares?
1. Find A Good Online Broker
The exchanges that an online broker has access to are one of their distinguishing features. Simply put, some brokers don’t have access to the NYSE, so you can’t buy shares of Twitter through them. It goes without saying that you require a broker who grants you access to this exchange.
The broker should also fit you; this is the second crucial component. Not all brokers allow anyone to open an account with them; some brokers are very expensive if you only occasionally want to buy a few Twitter shares, while others may be completely free. You can actually get great recommendations on choosing the right broker using our questionnaire
2. Open Your Brokerage Account
You need to open an account after locating your online broker. This is very similar to a regular bank account, and opening one is typically done entirely online. Some brokers make it as simple as creating a new Gmail account, while others make you wait a few days while they check your background. You will use this to store your shares rather than money, so you will need it to purchase and store your Twitter shares.
3. Deposit Money To Your Account
To purchase those Twitter stocks, you must pay cash. This money must first be delivered to (deposited at) your broker. The majority of the time, opening a brokerage account is easier and quicker than doing this.
Bank transfers and credit/debit card usage are the two most typical methods of money deposit. Depending on the broker, you may be able to fund your investment account using multiple electronic wallets, such as Paypal. at eToro.
4. Buy The Twitter Share
You already have the share target, the cash, and the account. Pressing the “buy” button is the last step! You sign into your online brokerage, look up Twitter share, enter the number of shares you want to purchase, and then click the buy button to start the share purchase process (in trading jargon: execute the buy order).
Several hints in this direction are: when placing an order, you can choose from different order types. When you place a limit order, you can specify the precise price at which you want to purchase the share, whereas a market order will buy at the current market price.
5. Review Your Twitter Position Regularly
After purchasing your shares of Twitter, your work is not done. Now, it’s crucial to keep an eye on your investments. Applying your investment strategy is essentially what this means. If you purchased a Twitter share with the intention of holding it for a longer period of time, you may attend the annual meeting and take in all the company news and information.
Different position management tools might be used if you intend to sell it soon after a price increase. For instance, you can decide on a target price at which you want to sell the stock with a profit or use the stop-loss feature to decide on a price at which you want to sell the stock to stop further losses.
Once you have mastered the five steps involved in purchasing shares, take a moment to review the top five brokers we have recommended.
What To Consider Before Selling Twitter Stock?
If you need to sell your shares, simply enter TWTR and the desired selling price in your trading platform.
However, since selling shares at a profit may result in capital gains taxes, you might want to speak with a tax expert to discuss when it makes sense to sell and techniques for reducing your tax liability.
