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Curious about trading but don’t know where to start? Take a look at our step-by-step guide to placing a stock or exchange traded fund (ETF) trade.
Placing a stock or ETF trade order
Step 1
Tips
- You can also place a trade order directly from “Holdings” through the ellipses menu, or by using the “Trade” link anywhere in Quotes and Research.
- Take advantage of the wide range of resources available to help you select the security that meets your investment objectives. Check out our Stock Centre guide and ETF Centre guide.
Step 2
Tips
- Once you select a symbol, you’ll get a quote you can refresh throughout the trading steps.
- If you're selling a security, simply choose from the dropdown list of securities you currently own.
- Make sure you’ve chosen the correct market for your trade order when selecting the security for your order.
Step 3
Tips
- Select information icons for explanations of different order types.
- Consider using a Limit order, especially when placing a trade outside market hours.
Step 4
Tip
- If you're trading in the US market but choose to pay from the Canadian dollar component of your brokerage account, foreign exchange rates will apply.
Step 5
Tip
- Planning on making multiple trades? Save your trading password for the current session and use it later.
Confirm the status of your trade order
Tips
- Set up fill alerts to be notified by email once your trade has been completed.
- The standard settlement period for stocks and ETFs trades is the transaction date plus 2 business days (T+2).
- You can change or cancel any open or unfilled portion of a partially filled order. Trade orders with a status of pending can be cancelled but cannot be changed. Select the expand button for more options and details of your order.