How to buy Facebook shares with Pepperstone
Some basic information about Facebook
To buy Facebook shares you now need to trade Meta stock, ticker: META. The old stock symbol of FB (Facebook) was replaced on the 9th of June 2022. This was to highlight Meta platforms commitment to the virtual reality world, the metaverse.
The shares saw a strong rally of 179% through 2020 to the peak of $384.33. This was largely due to the world being in lockdown because of the COVID-19 virus with consumers bingeing on Netflix, online shopping, and social media.
Figure 1 Trading View 179% rally
Pandemic outperformers have since seen a strong reversal in sentiment. This has been stocked by high inflation, a higher US dollar and a general decline in the metaverse products like cryptocurrencies and NFT’s which stand for non-fungible tokens.
Buying Meta shares through Pepperstone
If you believe that META would make a good addition to your portfolio, you can do so through a Pepperstone account.You can buy the stock in the form of a CFD, Contract for Difference.
- Open your trading platform. We are going so use the popular Pepperstone cTrader in this example
- On the left hand side of the screen, you will have your watchlist(s) and popular markets.
- You will see the input box ‘symbol search’
- Typing ‘meta’ into the search box will populate Meta_Platforms – in US Equity CFDs. We can now add the shares to our dedicated watchlist.
- Double clicking on the product will open the chart and the trade ticket. Here we have the options of trading at the market, setting a limit or stop order for our entry. We can also choose our trade size, stop loss and profit levels.
Figure 2 cTrader symbol search
Figure 3 cTrader Meta Platforms
Figure 4 cTrader trade ticket
Opening an account at Pepperstone
If you are interested in trading Facebook shares though Pepperstone, please click on the link for more information about account opening at Pepperstone.
The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.