The NASDAQ, the first electronic stock exchange, lists more than 3,200 different stocks. You can recognise NASDAQ-listed stocks because they have four letters instead of three or fewer, as is common for stocks listed on the New York Stock Exchange (some stocks list on both exchanges). When discussing NASDAQ shares, however, most experts mean the Exchange-Traded Fund that tracks the NASDAQ 100 Index, an index made up of the exchange's s largest non-financial listed companies, many of which fall into the technology sector.
Review the information about PowerShares QQQ Trust Series 1, an Exchange-Traded Fund that trades under the ticker symbol QQQQ. You can enter this ticker symbol into any financial quoting site.
Navigate to your online brokerage account's trading page and enter the symbol QQQQ to purchase your NASDAQ Exchange-Traded Fund shares.
Set any additional order qualifiers, such as a limit price, then follow your brokerage firm's steps for reviewing and submitting your online order. Bear in mind that you must buy in shares and not in dollars, so be sure to double-check your expected buy total before placing your order.
Navigate to the order status page to confirm that your order has been received, and to see whether it has executed. If you place your order without additional qualifiers during market hours, it will generally execute immediately.
The symbol QQQQ changed a few years ago from QQQ, but the new symbol represents the same index as before.
Investing in stocks and Exchange-Traded Funds is risky and you can lose money.
Things you need
- Brokerage account