Google is a name we all are familiar with; the company has gained a lot of popularity in a short time. The biggest search engine in the world, Google, was established in 1998 by Larry Page and Sergey Brin. It has several other facilities like android, gadgets and technology-related services. Youtube, Google Chrome, Gmail and Cloud Storage etc., are some of its products. Alphabet Inc. is the parent company of Google based in the U.S., with a revenue of more than $30 million.

Google is traded on the NASDAQ under the name Google ticker. The company requires the investor to follow certain steps to trade in google shares.

Steps Of Buying

A trader cannot directly buy the company’s shares; they are required to follow certain steps to trade in these. In this article, we’ll be discussing the steps and know how a trader can purchase and trade Google shares.

Broker: The first step of trading in Google shares is to find a good online broker. Google shares are not traded on all exchanges so, the broker who has access to the NASDAQ exchange can only trade in Google shares. With the exchange, the broker should be as per the need of the trader. The fees, commission and countries that are allowed on the broker’s website should be considered. An expensive broker could cost more, and some brokers are free for the service so, the budget should be decided, and as per that, a broker should be chosen. Traders can get recommendations through friends, family or professionals who are already into trading. Google shares are expensive, so every factor should be kept in mind.

The facilities of brokers are also important; the trading platforms, tools, markets of trading and opening of accounts should be evaluated. With this, the safety measures of brokers, securities commissions and regulations should also be considered before investing in the shares.

Brokerage Account:
Once a broker is set, the investor can open an account. With the online procedure, the trader can register first with the broker’s website and open a brokerage account. The registration process requires investors personal details like first and last name, address of the trader, contact number, email address and a password. After that, the account is created with some options, as brokers provide various accounts with different facilities; a trader can discuss with the broker’s customer support or read about the same through information on the website. Some brokers’ account opening process is quick within a few minutes, while some take a day to start the trading. This is due to the profile check of the investor. The trader can store their shares with the account and have a look at market trading as well.

Deposits: The account needs funds to trade, so the next step is to deposit a minimum amount into the account. Through the brokerage website and account created, the trader can directly deposit funds in the account for trading. The deposit and withdrawal of funds in the account take place through bank transfer, wire transfer, various payment applications and debit/credit cards. Electronic wallets are also available nowadays to make trading more comfortable. These include etoro, PayPal, MobiKwik, Paytm and phonepe etc.

Buying the share: The deposits ask for shares; the Google shares can now be purchased with just a click. First, the trader should log in to the brokerage account and search for Google shares online. Once a trader finds the shares, the number of shares to be bought could be entered and click the buy button. The process of purchasing shares is done, and a message will be delivered to the trader about the investment.

Review: The purchase of Google shares requires regular monitoring of the shares. The trader should first decide whether the share is purchased for the long term or short term. Although the investor designs the strategy on that basis, in the long term, the trader needs all the information and news of the company. The market value of the share is also important to keep an eye on. For the short term, the worth of the share matters; traders should, once the price goes high, sell it in the market and earn double the investment. Management and fundamental tools are also helpful for short term trading.

Fees and Commissions

Traders are charged with various kinds of fees and commissions by the broker. The commission or fees are the same depending upon the trading volume of the investor. Different brokers have various charges as per the service they provide

Reducing Risks

Investing is always risky and comes with a lot of scams and frauds. To overcome these, an investor should follow some basic rules. Below are some of them:

Scams: This is something every trader should be aware of. The brokers, fraudsters, imposters and many other fraudsters are there in the market who look for a chance to steal money. To handle them, a trader should know about all the frauds online, take risk management help and turn the ads off.

Diversify:
Portfolio diversification is necessary; all the money invested in Google shares and the worth of shares fall all of a sudden could be a considerable loss. To handle this, the trader can diversify the investment.

Conclusion

Google shares have a good worth in the trading market. Being a firm from the U.S, traders are updated with the latest information. This makes trading easy and markets active. As a result, the shares maintain an increase and make profits. But sometimes, this could not be the situation. For that, an investor should take trading platforms, tools and market analysis to forecast the market in advance. Lastly, we could say that the company and shares of Google are of high value and would be profitable for investment.