How to buy Occidental Petroleum Corp (OXY) stocks
How to buy Occidental Petroleum Corp stocks (OXY) in a couple simple steps explained. The world is changing quickly and with an online stock market, buying stocks from the NYSE exchange is now an option for everyone on earth. So it’s also easy to purchase your Occidental Petroleum Corp stocks from your lazy chair. In this article we explain in easy steps how you can purchase Occidental Petroleum Corp stocks. Wherever you are, if you've an online connection, some money on the side and a device you're ready for it! When you follow these steps you can own your first Occidental Petroleum Corp stocks today! How awesome!
TIP! Before starting with the article below, make sure you create an account (only 1 minute) so you can follow the steps below directly. (saves time!)
- Find the best broker for your Occidental Petroleum Corp (OXY) stocks
- Trade with confidence on the world's leading social trading platforms
- Learn how to buy Occidental Petroleum Corp stocks within your account
- Buy Occidental Petroleum Corp stocks for the right price!
- What to do when you own Occidental Petroleum Corp stocks
How to buy Occidental Petroleum Corp stocks (OXY) for beginners
- Step 1 - Create & secure an online broker account
- Step 2 - How much Occidental Petroleum Corp stocks should I buy?
- Step 3 - Payment methods buying Occidental Petroleum Corp stocks
- Step 4 - Trade or purchase your first Occidental Petroleum Corp stocks (OXY)
- Step 5 - Prepare for the stock market
- Step 6 - More information about buying Occidental Petroleum Corp stocks
Where to buy Occidental Petroleum Corp stocks (OXY)
TIP: No management fee or transaction fee! So you can invest what you save into your stocks. ❤
With 20M+ traders on eToro globally it can name itself one of the largest exchanges for the stock market in the world. Big plus is that the interface is very simple to buy Occidental Petroleum Corp stocks on the NYSE exchange. Besides that the website is accessible in over 20 languages. Most trading platform ask for a management and or transaction fees for trading BUT eToro has NO management nor transaction fees. Once you bought Occidental Petroleum Corp stocks (OXY) you can see your stock portfolio online in your personalised portfolio.Benefits of eToro online stock exchange
- No limit on trading volume
- Possibility to buy fractional stocks
- Receive updates on the markets
- Free access to strategies of professionals
- Simply Auto Copy Strategies of professionals
Step 2 - How much Occidental Petroleum Corp stock (OXY) should I buy?
The good thing about stocks is that you can divide them and also buy small pieces of a full stock. This way you still own your piece of Occidental Petroleum Corp stocks without investing large sums of money. An extra benefit of buying parts of stocks is that you can diversify your stock portfolio much easier.Buying stocks with confidence
To build up your confidence it's good to test with a little amount to learn about the process of purchasing Occidental Petroleum Corp stocks (OXY) after that you know the procedure and can easily scale up your transactions and buy more Occidental Petroleum Corp stocks of the NYSE exchange.
Step 4 - Buy your first Occidental Petroleum Corp stocks (OXY)
Once you deposit money on eToro you will be able to buy your first Occidental Petroleum Corp Stocks. Make sure before starting to read the following paragraph carefully.Is eToro Safe?
eToro has been online since 2007 and has a great system in place, they are continuously striving to implement industry best practices to ensure that depositing money into your eToro account is safe, private and secure. All transactions are communicated using Secure Socket Layer (SSL) technology, safeguarding your personal information.Minimum and maximum deposit
The minimum amount you can deposit is $50 and the maximum deposit is $10,000 per day. This is for both first time deposits and redeposits.Difference between Trade (market order) & Order (limit order) on eToro
With a market order you can buy or sell an asset, stock or crypto currency for the best available price at that moment. If the market is open eToro will execute your order as soon as possible for the best available market price. You will see your order once eToro has settled your trade. (most of the time within seconds). When the market is closed eToro will execute your order when the markets reopen again. For less common stocks, you may only be able enter orders during market hours.Limit Order
The great thing about a limit order is that you can know what price you pay exactly for your asset as you choose the rate. At eToro you can set your price and buy or sell at that given rate. The order will only be executed when it hits that exact price. This way you can set your orders in advance and take profit or buy stocks at your rate without watching your screen all the time. You’re able to cancel a pending limit order at any time and reinvest the budget that wasn’t used for the trade.
Steps to buy your Occidental Petroleum Corp stocks (OXY)
- Deposit the amount you want to invest
- In the panel navigate to Trade Markets
- Search for the Occidental Petroleum Corp stocks (OXY)
- Click on trade
- Click on the dropdown in the right top corner and select Order (limit order) or Trade (market order)
- With limit orders you can decide for what price you want to buy the stocks
- If you choose Trade, you will buy the stocks for the current price (market order)
- Decide the amount you want to invest in Occidental Petroleum Corp stocks (OXY)
- Click Set Order / or Open Trade
Step 6 - More information about Occidental Petroleum Corp stocks (OXY)DYOR - Do Your Own Research
Before you're investing in Occidental Petroleum Corp stocks (OXY) it is important to do your own research on the history, product and the team behind the company.DCA - Dollar Cost Averaging Strategy
Dollar Cost Averaging (DCA) is a strategy that is popular in the investment world. It's a tactic where you buy systematic (per time frame) a certain amount of a certain asset/stock/ cryptocurrency or investment you believe in. For example every month $100 of Occidental Petroleum Corp stocks (OXY).
As you buy systematic it will reduce the emotional involvement and as you spread the money you invest you spread the risk of a unstable market.Pro DCA
- Invest small amounts
- Less stress about unstable markets
- Less chance on losses as you never purchase full amounts on peaks
- Won't make optimal trades as you don't invest all on the bottom
- Takes longer, as you're not rich after one trade
- If you DCA on one investment you can pick a loser investment that will only go down. Better is there to spread your investments while doing DCA.
Explanation Video DCA Dollar Cost Averaging