How To Buy Amwell Stock

How To Buy Amwell Stock

Welcome to Trading Brokers step by step guide to buying Amwell stock. Here you will find an easy to understand explanation of trading Amwell stock. This includes how to buy Amwell shares online, what you need to trade Amwell stock and how to open a trading account with a stock broker so that you can buy Amwell stock online today.

Maybe you have heard of buying Amwell stock online or through a friend. Perhaps you are looking to trade and are curious about the different options available to you. Whether you are looking to speculate, invest or just learn more, this guide on how to buy Amwell stock can help you along your journey.

Overview of Amwell

American Well Corporation (AMWL), also known as Amwell, is a telehealth company that connects patients and doctors through a live, on-demand video meeting via Internet. The Boston, Massachusetts-based company offers a platform that allows digital delivery of healthcare services. It offers a suit of management software that can handle and support various modes of doctor-patient interactions including audio/video call and secure messaging.

The company, founded in 2006, operates all over the United States with its multiple health plans that support more than 36,000 employers and covers over 80 million lives on combine basis. The company is offering its platform to a large number of health systems that include more than 2000 hospitals.

Operations

Amwell provides round the clock teleconference access to qualified and licensed doctors. Healthcare providers can sign up on the company’s online platform to put their physicians online and help patients to avail their services.

The company has different kind of services on its platform ranging from primary care and urgent care to telepsychiatry and specialty consultation. The platform is completely integrated with customer portals and healthcare systems, which can initiate telehealth instantly from their electronic health records and can access patient eligibility and claim systems.

Patients can avail the healthcare services through different channels according to their convenience such as mobile, Internet or video call.

Investing in Amwell

Investing in Amwell stock is when you buy Amwell shares to own them outright, usually with a view to holding them for the long term. Investors would usually look to buy Amwell stock in order to try and make a profit when the Amwell stock price increases in value.

Trading Amwell stock

Trading Amwell stock is when a trader speculates on the movement in the Amwell stock price without actually owning the shares in Amwell. Traders tend to buy and sell Amwell stock on a more frequent basis, usually speculating on daily, weekly or monthly price fluctuations.

You can buy and sell Amwell stock online through various methods including spot markets, futures contracts, options contracts, spread bets, CFDs (contracts for differences) and ETFs (exchange-traded funds).

Amwell CFDs

One of the most popular ways to trade Amwell stock is via CFDs (contracts for differences). When trading Amwell CFDs, you do not actually invest in Amwell shares, meaning you are not tied to them. You are only speculating on the rise or fall of the Amwell stock price. A CFD is a financial contract, typically between a broker and a trader, where one party agrees to pay the other the difference in the value of a security, between the opening and closing of the trade.

A CFD trader can go short or long, set stop and limit losses and apply trading scenarios that align with their own personal objectives. Traders would open long (buy) positions, if they think the stock price of Amwell will rise or short (sell) positions if they thought that the Amwell stock price will fall. The difference in price between the entry and exit price is the traders realised profit or loss, excluding any broker commission and fees.

For example, if you think Amwell shares are going to increase in price, you could buy a share CFD on the company. You will exchange the difference in price between when your position is opened and when it is closed, earning a profit if the shares increase in price and making a loss if they decrease in price.

On the contrary, if you think Amwell shares are going to decrease in price, you could sell a share CFD on the company. You will still exchange the difference in price between when your position is opened and when it is closed, earning a profit if the shares decrease in price and making a loss if they increase in price.

Amwell futures

Futures contracts are an agreement to buy or sell a specified asset at a certain date and price. Amwell investors can use futures trading to speculate on the price movement of Amwell stock in order to try and make a profit. Traders would look to go long (buy) a futures contract if they believe the price will rise or short (sell) a futures contract if they believe the price will fall. The difference in price between the price at the start and expiry date of the futures contract is the profit or loss from the contract.

Amwell spread betting

Spread betting is a financial derivative that enables traders to speculate on Amwell stock falling or rising without taking ownership of the underlying asset. If the trader makes a correct prediction and the asset does move in that direction, they could make a profit, minus any broker fees. On the other hand, if the price moves against their prediction, they would incur a loss.

Financial spread betting is similar in ways to CFD trading except that you are betting a fixed amount per point on the Amwell stock price movement (either up or down) and then pay or receive the difference between the opening and closing price of the bet.

Amwell options

Amwell options are financial instruments that are derivatives based on the value of Amwell’s stock. Traders usually enter into calls when they expect the price of the underlying asset to increase, and puts when they expect the price to decrease. Option contracts come with an expiration date before which the holder needs to exercise their option to buy or sell an underlying asset at an agreed-upon price. The stated price on an option is known as the strike price.

Buyers can choose to exercise their calls and puts or not whereas sellers are obligated according to the buyer decision. Therefore, the sellers (writers) can be exposed to more risk than buyers whose losses can be limited to the premium paid for the contract in the instance they do not exercise the contract. On the other hand, sellers could lose more depending on the Amwell market price.

Amwell ETFs

Exchange Traded Funds (ETFs) enable traders to invest in a basket of securities that trade intraday like individual stocks on an exchange, and are typically designed to track the performance of an existing market or group of markets.

Each ETF is usually focused on a specific sector, asset class, or category. ETFs can be commonly used to help diversify an investment portfolio and create a mini-portfolio, or, for the active trader, they can be used to try and take advantage of price movements.

Amwell is included in various ETF’s with shares in the U.S. ETF market. Traders who are interested in trading other companies alongside Amwell, may consider ETFs.

Where to buy Amwell stock?

Stock trades are processed via a stock exchange, where a stock broker represents each investor. The majority of investors will nowadays use an online stock broker to buy and sell stocks through a stock trading platform which will enable them to connect to the stock exchange. You can see a selection of our best stock brokers below with whom you can open an account to trade stocks online.

Broker
Rating
Regulated
Min. Deposit
Founded
Max. Leverage
1.

ASIC, BVI, CBI, FFAJ, FSA, FSCA

Min $100 Deposit

2006

1:400

Review Trade! Trade!
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
2.

FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF

Min $250 Deposit

1974

1:200

Review Trade! Trade!
Terms & conditions apply
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
3.

ASIC, FCA, DFSA, SCB, CySEC, BaFin, CMA

Min $200 Deposit

2010

1:500

Review Trade! Trade!
Terms & conditions apply
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
4.

ASIC, CySEC, IFSC, DFSA

Min $5 Deposit

2009

1:888

Review Trade! Trade!
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.28% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
5.

ASIC, CySEC, FSA

Min $200 Deposit

2007

1:500

Review Trade! Trade!
Terms & conditions apply
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Why trade Amwell stock?

Trading the stock market has become a popular investment activity for many people, especially with the technology that we have these days making it more accessible than ever. There are a vast number of trading brokers, trading platforms and trading apps available for buying and selling Amwell stock with relative ease. The cost involved to get started makes trading Amwell stock accessible to traders of all experience levels from across the globe.

The availability of leverage has also contributed towards the increase in aspiring traders. Leverage allows traders to hold a position size greater than they would have been able to without it. E.g. An account balance of $1,000, could take a position size of $5,000 with 1:5 leverage. Whilst this can increase potential profits, it also greatly increases risk. It is therefore of the upmost importance that you have a clear understanding of the significant risks involved with online trading, especially when using leveraged positions.

The majority of traders would look to buy and sell Amwell stock to try and earn profit from the variation in Amwell’s stock price. When trading Amwell CFDs you can speculate long and short on prices rising or falling without actually needing to invest in Amwell shares. This can make it a more convenient trading method for anyone who has a trading account with an online broker. Alternatively, long term investors may purchase traditional shares in Amwell’s stock for a more long-term hold.

Buying Amwell stock can also be a way to diversify a trading portfolio and to hedge against shares in other stocks or investments in other asset classes such as forex, commodities, precious metals and cryptocurrencies.

However, before investing in Amwell, it is important you understand the dynamics that affect the Amwell stock price.

Factors that move the Amwell stock price

Whether you are in for the short, mid or long-term, it is vital you know those factors that can affect the Amwell stock price. We will look at some of the important factors that you need to consider if you are looking to invest in Amwell stock.

Economy

The Covid-19 pandemic has changed the way people seek healthcare in the United States. Amwell on average saw a 10-fold increase in visits following the pandemic, helped by both on-demand and scheduled visits. People are now increasingly exploring virtual healthcare options that will ultimately help telemedicine companies to grow rapidly in the coming time.

Performance & reach

Amwell is among the leading telemedicine companies in the United States. Customers on average have rated its platform by giving 885 out of 1,000, which is relatively higher than industry average of 856. Another reason behind the growth of the company is its wide reach. Since its inception, more than 5.6 million patients have used AMWL’s platform for receiving telehealth services. Both good performance and wide outreach of Amwell makes it one of the top considerations for investment.

Business model

Amwell’s business model enables people to access experience physicians at the time of their choice. The company offers 24-hour service for 365 days, and helps people save time, about 2.5 hours on average for a single visit when they physically book an appointment and see a doctor The company’s revenue has substantially increased following the coronavirus pandemic that will ultimately have a positive impact on its stock.

Risks

With growth opportunism, there are also some risks that every stock faces. Industry experts believe that telemedicine is a great way for people to access healthcare services while staying at their homes, however, the platform is not suitable for some cases. For instance, in cases when patients need to get physically tested and had to go through blood sampling protocols for diagnosing a complicated disease. Moreover, some patients face language barriers on the platform while interacting with the doctors.

How to trade Amwell stock online?

If you have taken the time to read through the above, you should hopefully have an understanding of how to trade Amwell stock online. Here is a summary of the key steps:

1.     Decide if trading Amwell stock is for you

Trading Amwell stock online carries an element of risk and can take more time than other forms of investing. You will need to research the company, manage your positions, follow market news and decide how to react to it. It is important to understand the risks and dedication that comes with trading Amwell stock online.

2.     Educate yourself

Before trading Amwell stock, it is imperative to learn as much as possible about investing and trading online. Any mistake could prove to be costly. There is an abundance of free educational materials provided by many online brokers that can help you to improve your trading skills and knowledge.

Most brokerages will also provide a free demo trading account so that you can practice trading Amwell stock online with virtual funds in order to familiarise yourself with the trading platforms and practice your trading strategies until you feel confident enough to open a real trading account.

3.     Choose a Amwell stock broker

In order to trade Amwell stock online, you will need a broker account and trading platform to execute your trade positions through to the market. When choosing a broker, there are a few important things to consider such as regulation, commission fees, platforms, tools, education, funding options and customer support.

If you do not have the time to research brokers, you can see a list of our best brokers that we have already prepared to help traders. If you would like to know more, you can also view our detailed guide on how to choose a trading broker.

4.     Research Amwell

If you have made it this far then you may be ready to start trading Amwell stock online! The next step is to research Amwell to help increase your knowledge in the company. The best brokers should have this information conveniently displayed for you within their trading platform.

5.     Have a trading plan

Some of the most important factors that can help determine Amwell stock trading performance can be the trading plan and discipline. It is important to have a solid trading plan personalised to your own needs that includes the money management and trading strategy that you will use. Most experts and professional traders would try to not let negative emotions such as fear, anger and greed affect their trading strategy.

6.     Buy and sell Amwell stock

Once you feel ready to trade Amwell stock online, you can analyse the market to help decide if and when you will place your trades. After placing a trade on Amwell, you will need to keep track of how it performs and manage it according to your trading plan. Some investors will keep hold of Amwell trades for the long-term, whereas traders may buy and sell Amwell stock on a daily basis.

Is trading Amwell stock right for me?

Trading Amwell stock is a popular choice for long-term investors and active traders. It can be suitable for scalping, day trading and swing trading. Traders who would usually trade forex, trade indices, trade commodities, trade cryptocurrency, may look to diversify their portfolio.

However, it is important to understand the significant risks involved with trading Amwell stock online, especially when using leveraged positions. Most experts would suggest trading on a demo account with virtual funds to begin with.

This can be a useful way to familiarise yourself with how to trade Amwell stock and using trading platforms whilst allowing you to practice your trading strategies until you feel confident and produce consistent results. Most stock brokers provide unlimited demo accounts free of charge.

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