Ford is one of the biggest legacy stocks in America. Founded by Henry Ford and responsible for numerous advancements in the American automotive industry, Ford is currently tackling the electric and hybrid market by offering a hybrid Fusion, all-electric Mustang (which is almost unthinkable,) an all-electric F-150 (also previously unthinkable) and many more “green” vehicles—generating competition for automakers like Tesla while enjoying the visibility and brand loyalty of an established mark.
Step 1: Open up a brokerage account.
Open a brokerage account when you want to invest in Ford. This stock is not overpriced like other legacy brands, and you should choose the brokerage house with which you are most comfortable.
Step 2: Select your number of shares.
You have several things to consider when buying shares of Ford. Yes, you are taking partial-ownership of a company where you might already be a customer, but the number of shares you buy changes based on:
Budget—Decide how much you want to spend before proceeding. Budget with the understanding that you could lose your entire investment in any financial vehicle.
Ford’s volatility—Is Ford volatile, swinging wildly from high to low? Is it stable? This determines both your position and how long you’ll hold the stock.
Market volatility—There are other issues in the marketplace that determine Ford’s price and volatility.
Current events—The 24-hour news cycle can cause the price of any stock to change in a heartbeat.
Step 3: Choose an order type.
The order type often changes based on your position and the state of the market. For example:
Use a market order to buy or sell at the current price.
Use a stop-loss order to sell before the price falls too far.
Use a stop-limit order to sell before the price drops and erases your profits.
Use an all-or-nothing order to buy a certain number of shares, canceling the order if that is not possible.
Step 4: Execute your trade.
Press a button on your broker’s website, allow the trade to process instantly and check your dashboard. You can review your current position and determine your next steps.
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