Most people have been taught how to work hard instead of learning how to make money work hard for them. These days, having a financial aptitude skill set is tremendously valuable. The world has transitioned beyond cold hard cash, and people are now reaping the benefits of buying, holding and selling across the stock market.
This lucrative way of earning money has gained immense popularity, even in volatile and uncertain economic climates. How, you ask? Simply by choosing the right broker to assist you in your trade to buy, hold and sell Apple stocks. Compare top online brokers and get tips for putting your money to work in this guide.
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Overview of Apple
For decades, Apple has been one of the world’s most well-known, profitable tech companies. Apple was founded in Los Altos, California in 1976 by Steve Jobs, Ronald Wayne, and Steve Wozniak. The current CEO, Tim Cook, who assumed the position in 2011, has additionally made an ample impact on the corporation. Apple is known for its innovative products, including the iPhone, Apple Watch, Mac, Apple TV, and iPad. Its legacy of innovation began in 1976 with the Apple Computer, then called the Apple I. The Apple II came out one year later in 1977, and with incredible success, Apple turned into the leading computer manufacturer in America by the late 1970s.
All this success led Apple to decide to go public in 1980. Apple sold 4.6 million shares, each priced at $22. The initial public offering generated over $100 million in capital, the highest amount an IPO had seen since Ford Motor Company in 1956. By the end December 1980, 300 millionaires were created, and Apple had a market cap of $1.788 billion. Four decades later, Apple is still a public company, trading on Nasdaq under the “AAPL” symbol.
Apple is widely-considered to be a blue-chip company, thanks to its solid financial track record, large size, and stock valuation history. It is an attractive company in which to invest, particularly, if you are a long-term investor with a conservative stock investment strategy. The best way to trade Apple stock is to first select a brokerage that has optimal stock trading conditions– for example, low costs of trading, fast execution, and fair conditions. Thereafter, you should decide how much you want to invest and what trading appetite is. While making this decision, you will want to evaluate the financial health of Apple, as that will impact how much you invest into the company. After you’ve decided on your investment, you will pick an order type and place it, ultimately becoming an Apple investor.
How to buy Apple shares
Buying Apple stocks isn’t quite as easy as just clicking a button – well, not yet, anyway. Before you begin trading on the stock market, there are a few steps you must take:
Step 1: Find an online broker you can trust.
First, find a broker that you can trust. There are a number of reputable brokers with different account offerings out there—so, to make it easier for you, we have listed the main factors to consider when making your choice.
- Minimum Investment & Commission: The minimum investment required and commissions charged by the firm you choose are typically the predominant deciding factors for many ‘do-it-yourself’ investors, whose fundamental concerns surround keeping costs low. For novices this rings particularly true, as the less you spend to get started the more you can invest, and those preliminary savings will have the most time to compound.
- Securities Traded: The firm you decide on should offer all the equities and assets that you want to constitute a large portion of your portfolio. Take it one step further, and you should be seeking out a broker that offers fixed income securities, such as bonds, which are used to add some stability to a long-term investment plan. Beginner investors with minimal capital may also seek a broker that offers fractional shares, which is a new offering that will allow you to invest in Apple at a fraction of the market price. This can help investors diversify a smaller portfolio by investing in companies that otherwise might be out of reach. Having the ability to diversify your portfolio at any given moment is essential in any trader’s journey.
- Fast Execution & Volume Discounts: If you plan to be an active trader you should seek out a firm that can offer fast execution and volume discounts. A broker that can keep up with the speed of an active experienced trader, and one that can offer a price per share—rather than per transaction—is usually a firm that is a household name.
- Advanced High-Tech Platforms: High-tech industry-standard trading platforms, such as MetaTrader 4 and 5 are very popular amongst investors, and for good reason. Seek out a broker that can offer you the highest level of advanced interactive charts, analytical indicators, tools and other resources at your fingertips. If your chosen broker offers proprietary software, make sure that it is as top-notch as MT4 and MT5.
- Responsive Customer Support: At one point or another in your trading career you will encounter an issue that needs to be solved immediately. Customer solutions and direct digital communication services should be at the forefront of all great firms. Knowledgeable, fast customer support, with extended hours across multiple languages, is key for a positive and successful trading experience. We all need a little bit of support sometimes.
- Reliability & Security: A regulated broker has to follow the rules of the governing body. It is advised to seek out a firm that is governed by one or more agencies, for this very reason. A broker with no regulation poses security concerns for traders.
Step 2: Opening your brokerage account
After narrowing down your search for the right broker and finding the one that has all the offerings needed for your trading experience, the next step is to now open an account. The onboarding process should be straightforward—after all, they want you to start trading Apple stocks as quickly as possible.
A standard onboarding process includes a verification scanning, where you will need to submit your identification, proof of address and other standard documentation. After sailing through registration you will be asked to deposit a specific amount into your account in the base currency designated by the broker, in order to activate your profile. Seek a broker that offers withdrawal and deposit methods of your preference.
Step 3: Practicing your trading strategy through educational resources and tools
Before trading Apple stocks, make sure you have utilised the education resources offered to you by the broker you have chosen. Seek a broker that is able to offer you up-to-date pertinent and regulated educational courses, live economic calendars, real-time market news services, and so much more that will assist you in maximising your profits. When is the right time to buy Apple stocks? Your chosen firm should be able to guide you through the markets every step of the way.
Step 4: It’s now time to buy Apple shares
It’s now time to buy. Stock prices are constantly fluctuating throughout the trading day, based on market sentiment—so, as a trader and soon-to-be seasoned trader, you will get to know that certain times of the trading day offer better buying and selling opportunities than others. It is all the factors listed above that will help you stay ahead of the market, particularly when you are buying Apple stocks, or any other assets, for that matter.
Step 5: Review your positions regularly
Maintain diversification within your investment portfolio, and never take your eye off the mark. The stock market is ever-changing—and so, reviewing your portfolio composition periodically is essential to ensure your position is always within your risk appetite and capacity.
Fees for buying Apple stocks
Every broker has its own set of conditions, and one of those conditions is asset-specific fees for trading through their firm. An example of this type of cost is the commission-per-share charge, while trading Apple stocks. Firm fees should be identified and taken into account when selecting a broker – if certain costs are prohibitive, keep searching until you find your preferred broker.
Best suited brokers for trading Apple stocks
There is a handful of brokers which are known for having impeccable stock trading conditions and overall user experiences. We have compiled a shortlist of our preferred firms, where we believe you should be trading your Apple stocks.
- Capital.com: A highly reputable broker, Capital.com offers a variety of features that make it a great choice for trading Apple stocks. One of the key benefits of using Capital.com is its browser-based platform, which allows traders to conduct in-depth market analysis and create personalized forecasts using technical indicators. Additionally, Capital.com’s CFD-based approach to the stock market and its live market updates and chart formats, available on desktop, iOS, and Android, make it a flexible and user-friendly choice.
- Plus500: Plus500 is a well-established and reputable broker that offers a number of advantages for trading Apple stocks. The Plus500CFD platform stands out for its commission-free trading on shares, a key distinction from Plus500Invest, where commissions are applicable. Risk warning: 80% of retail CFD accounts lose money
- Admiral: Admiral offers a number of advantages for trading Apple stocks. One of the main benefits of using Admiral is that it provides an educational center for their clients, which can be useful for new traders or those who want to improve their trading skills.
Summary
Now that you understand how to trade Apple stocks through your chosen broker, it should be clear that timing and the discovery of your risk-appetite are what will help you get into the market. Every trader is unique in their own strategy— a one-size-fits-all solution never works—so, discover and build your investing persona through your chosen broker and start trading Apple stocks today.