Hi everyone. I've NEVER purchased any shares before and i'm looking to make my first transaction very soon. I feel it is a good time to get into the market and at this stage i am contemplating purchasing $5000 worth of STW and if everything goes well possibly another $5000 in at a later time.
I have set up a commsec account and was hoping someone more experienced could give me some tips/advice in regards to what NOT to do and what to do. For example some simple questions including, does buying in two lots of $5000 sound like a good idea?....should i buy at market or put in a limit order? Basically i have very little knowledge in regards to shares and dont want to make any big mistakes when making my first transaction, so even some very obvious pointers would be much appreciated.
Is it as simple as transferring funds into my cash account and then placing a buy order?