Selling shares is not as hard task as some people make it look. If you hold shares in a specific company, you can sell them by following some simple steps that we will highlight in this article. Various websites are available where you can sell your shares. However, because the selling of shares is a very sensitive issue, you must be very careful with who you are dealing with. This article takes you through the basic steps of selling shares online.
Sell Shares in a Company that You Already Hold Shares in
Selling shares in a company that you already hold shares it is not at all a hard task. After logging in to your preferred online shares seller, click on the “sell” button (for most platforms). Here, you will be required to give your basic personal details including your name then you can proceed to decide what type of transaction you want to make.
Look at the Indicative Prices
After selecting your shares, information containing the indicative prices and the currencies will appear. The indicative price refers to the estimate of the initial price depending on the trading prices that were recorded previously. However, it is important to note that the indicative prices are there for informational purposes only. Normally, the market prices always have a 20 minutes delay, therefore, making the indicative prices useful.
Check the Quantity Field
When selling your shares online, the total number of shares that you can sell is indicated in the quantity field. In case, you want to sell all of your shares, there is no need of editing the details in this field. On the other hand, if you want to sell only a part of your shares, edit the field and indicate the amount that you have decided to trade.
When selling your shares, you are likely to come across the term “quote order.” This refers to the topmost prices that you can trade your shares. After looking at the quote order, you can decide whether accept or reject the deal. However, it is important to note that rejecting the quote order will mean that you will not place your order.
A limit order, on the other hand, refers to the lowest amount that you can accept for your shares. However, you must indicate a time deadline as to which the deal is valid. Several duration choices are available including “Good for Today Only” and “Good until Friday week.”
If you are happy with the quote order, indicate your currency and accept the terms by clicking on the Request Quote button. Once you have done that, you will have 10 seconds to review your quote once again and ascertain that you are happy with the deal. At this stage, you can still reject the quote. If the 10 seconds elapse before you accept or reject the quote, your quote will expire. You will have to cancel the transaction and go back to the platform’s homepage.
Today, you can sell your shares online without any major glitches. All you need to do is follow the steps above. Examine the quote order perfectly before signing up for anything. You will also have ten seconds at the end of your transaction to ensure that you are still okay with the deal.