Academy How to trade Meta stocks

Meta stocks - brief, description, and characteristics

The biggest social network in the world, Facebook, is owned by Meta Inc. (META), which also offers a digital social media platform that connects billions of people. Although Facebook is best recognized as a platform for connecting friends and families, it is also utilized by political parties, startups, and major companies to reach a broad audience.

Description and history of Meta

Users may exchange information, thoughts, photographs, and videos via its platforms and apps. In addition to its primary social networking platform, Meta also provides the messaging applications Messenger and WhatsApp as well as the photo-sharing app Instagram.

It also provides items for virtual and augmented reality. The majority of Meta's income comes from selling advertising to businesses.

Four Harvard University students, one of whom is the company's Chief Executive Officer (CEO), Mark Zuckerberg, created Facebook in 2004. By 2012, there were one billion users on the social networking site. Facebook filed for an initial public offering (IPO) in February of that year, valuing the business at $102.4 billion.

The headquarters of Meta are in Menlo Park, California.
The firm is categorized as a member of the communications services industry. It faces competition from other businesses that provide communication and internet goods and services. Google, YouTube, and Twitter Inc., all of which are owned by Alphabet Inc. (GOOGL), are competitors (TWTR).

In FY 2021, Meta had sales of $117.9 billion and a net profit of $39.4 billion.

Meta stock performance information

The company Meta Platforms, Inc. (META) started transacting under its new stock ticker. Since the company's initial public offering (IPO), when it was still known as Facebook Inc., in 2012, its prior ticker symbol, FB, has been in use. The company's Oct. 28, 2021 announcement to rename from Facebook to Meta includes adopting the new ticker symbol, META.

By market cap, Meta (Facebook) is the seventh most valuable corporation in the world.
The market capitalization of Meta (Facebook) as of September 2022 is $562.19 billion.
In September 2021 META hit a market cap of over 1 trillion US dollars.
META stock price started climbing from a relatively steady price over the years to reach the top in 2021 almost doubling just to fall back down again to its original price range.

The company’s long-term uptrend was reversed in Sept 2021 as the COVID-19 pandemic raged and META announced its plans to lower the headcount through the year to prepare for, as CEO Mark Zuckerberg said, an economic slowdown. Currently in the price range of December 2018.

Trading Meta (META) with Purple Trading

To start your Meta CFDs trading, first, you need to locate the ticker META on our Purple Trading MetaTrader 4 platform. To open a trade, either double-click or press the new order button, and the following window will pop up.

Lot value calculation

When you open our MetaTrader 4 platform and click on the META ticker, you'll observe that the minimal volume for trading Meta CFDs is one lot (1.0). If you trade one lot, you will gain or lose 10 USD for each 10 USD the stock makes as you are buying at a 1:1 ratio (1 lot equals 1 share).

For example, you buy 5 lots at 150 USD, and Meta goes to 160 USD. Your total profit will be 50 USD (calculated as 10 USD (1000 cents) movement * number of lots/shares per the move). The same logic applies to calculating your profit or loss when entering a short position.

Keep in mind that META is quoted in US dollars, therefore if your account is in EUR or another currency, your profit or loss must be converted to EUR at the current exchange rate.
You can trade at the current market price (market execution) or utilize pending orders, (limit and stop orders). You can initiate the trade without the stop-loss and take-profit orders now and add them afterward.