Buy GME Stock

Like most of us, you've probably imagined buying shares in a company that has skyrocketed in value in a couple of years, saving you enough money to travel and rest for the rest of your life. Maybe even GameStop was among your best choices to buy its shares, or it will be. In fact, investing is a bit more complicated than waiting for birds that fly in your mouth ready to roast, but hey, you have to start from somewhere correctly?

The good news is that unlike before, today you can buy shares in companies like GameStop entirely online.

Although we don't specifically recommend buying GameStop shares, this article explains in general terms how you can buy shares in companies in general, taking GameStop as an example. Whether or notWhether your first stake you buy should be GameStop, it's up to you. We strongly suggest contacting investment advisors as this article is not intended to be investment advice under any circumstances.

GameStop Overview

GameStop is a regular American consumer company, traded on the New York Stock Exchange under the symbol GME. It is famous for selling video games, electronics, and accessories, such as controllers or headphones. If you want to buy its shares, you need to find a broker that gives you access to the New York Stock Exchange because this is the main exchange on which it is traded (wait a bit, we will get into this matter shortly).

All this does not mean that GameStop is a good company or a bad company. As part of this example, you may want to be reminded of what you're thinking of investing in.

Let's see the steps now!

Steps to Buy GameStop Shares

Well, and for your own reasons you decided that you want to buy GameStop. This is a good start. Let's see what awaits you before you officially declare yourself a contributor to GameStop! This process is somewhat similar for the shares of any company, and again, we take GameStop as just an example.

Step 1: Find a good online broker

One of the characteristics of the online broker are the exchanges they have access to. Not all brokers allow you to buy GameStop shares, simply because they don't have access to the New York Stock Exchange. It goes while not spoken communication that you just would like a broker that offers you access to the current exchange.

The next important thing with a broker is that it should suit you too. Not all brokers allow every citizen to open an account with them; some brokers are quite expensive if you just want to buy two shares of GameStop occasionally, some brokers can be completely free. You can already get great recommendations on choosing the right broker using our survey:

When recommending a broker, we consider various factors, such as broker fees, trading platform, markets accessible for trading and how easy it is to open an account. Safety is also very important, but since we recommend only safe brokers, you don't have to worry about it.

Step 2: Open your brokerage account

After finding your broker online, you need to open an account. This is very similar to a regular bank account and is usually opening an account entirely online. For some brokers, it's as fast as opening a new Gmail account, and in some brokers it takes two days to do some security check. Instead of storing money on them, you'll be storing your shares on this though, so you definitely need this to buy and store GameStop shares.

Step 3: Deposit funds into your account

You will pay in cash to buy these GameStop shares. These funds must first be sent (deposited) to your broker. This is usually very easy and fast, and in fact even easier than opening your brokerage account.

The most common way to deposit your money is bank transfer and use a credit/debit card. With some brokers, you can deposit into your investment account even from different electronic wallets such as PayPal, for example in eToro.

Step 4: Buy GameStop Stock

You have the account, cash and target stake. The last step is to press the purchase button! You log in to online brokerage, search for the GameStop stock, enter the number of shares you want to buy, click Buy, which will buy shares (in trading language: execution of the purchase order).

A few hints about this: when placing an order, you can choose from different order types. A market order buys at the actual market price, while a limit order allows you to specify the exact price at which you want to buy the stock.

Step 5: Review your GameStop mode regularly

You're not done buying your GameStop inventory yet. Now it is the key to monitoring your investments. This basically means following your investment strategy. If you buy a GameStop stock to hold it longer, you can take part in the annual meeting and collect all the news and information about the company.

If you plan to sell it shortly after some price increase appears, you may use various tools to manage the position. For example, you'll be able to set the target worth at that you would like to sell the stock at a profit, or use a stop loss to work out the value at that you would like to sell the stock to avoid additional losses.

Now that you've mastered the five steps to buying stocks, take a moment to look at the top 5 brokers we've chosen for you.