How to Buy FuboTV (FUBO) Stock

Whether you plan to buy FUBO as a long-term investment or a day trade, the first step is to open your own account with a brokerage firm. Your broker will execute stock orders on your behalf, so it’s important to choose the right broker for your individual investing needs. Any broker in the United States will allow you to purchase shares of FUBO.

Keep the following in mind as you look for a brokerage:
- The cost (both per transaction and other annual fees)
- The average type of investor that uses the platform
- Whether the brokerage offers after-hours trading
- Markets the brokerage covers
- Any research aids the brokerage offers

After you open a brokerage account and deposit funds, you next need to decide how many shares of FUBO you want to purchase. Begin by looking at the current price of FUBO and decide how much capital you want to risk. Remember that the price of FUBO can decrease in value at any time, so only risk money you’re willing to lose. It can be helpful to look at a long-term chart of fuboTV’s stock price in order to have a better idea of when you want to buy and sell shares.

You want to select the appropriate order type, as this communicates crucial information to your broker, such as the price you want to pay. Choosing the right order type gives you as much control over your investment as possible.

Bid
The bid is the highest price that a buyer offers to pay for a share of stock. It is important to keep this in mind before placing a buy or sell order.

Ask
The ask is the lowest price that a seller is willing to accept for a share of stock. It’s also important to know this price before placing any orders with your broker.

Spread
The spread is the difference in price between the lowest ask and the highest bid. Blue-chip stocks like Apple (AAPL) usually have a low spread, while small-cap stocks and stocks that have lower trading volumes tend to have wider spreads.

Limit Order
A limit order is an order that tells your broker to buy shares in a company at or below a set price. For example, you could set a limit order to buy FUBO for $42. If the price of FUBO falls below $42 per share, your broker will automatically execute the order. If the price of FUBO rises back above $42 before your order is completely filled, your broker will stop buying shares until the price returns to below $42. Using a limit order allows you to have more control over the price you pay and your risk.

Market Order
A market order is an order that tells your broker to buy or sell shares in a company at the current market price. This order executes at the current price, meaning you put yourself at risk of being filled at an unfavorable price. Using a market order allows you to execute an order instantaneously but it sacrifices price control a limit order offers.

Stop-Loss Order
A stop-loss order is an order that tells your broker to sell your shares once it falls to a set price. For example, if you bought 10 shares of FUBO for $42 per share, you may set a stop-loss at $39.44. As a result, if the price of FUBO declines to $39.44, your broker will immediately sell your shares. Setting stop-loss orders allows you to better manage your risk in case of declines in the market.

Stop-Limit Order
A stop-limit order is an order that combines the characteristics of both a stop-loss order and a limit order. You can set both an upper and lower limit price with this order type. For example, if you buy FUBO, you might set a limit price of 42.50 and a stop price of $42. 

If the price of FUBO rises above $42, your stop-limit order will convert to a limit order. Once this occurs, your broker will fill your order as long as FUBO remains priced at $42.50 or below. If it rises above $42.50, your broker will stop filling your order. All in all, a stop-limit order gives you a lot of control over your entry point into your investment.

Now that you’ve submitted a completed order form to your broker, you can watch your broker do the rest of the work for you. The time it takes to fill your order depends on the order type you choose to use and the current market conditions. Once your order is filled, most brokers will notify you via email and/or push notification. If your order is not filled during regular trading hours, you may have to place your order again the next day.