---
### Key Parameters for the Order
- **symbol**: The stock symbol you want to buy (e.g., AAPL
for Apple).
- **quantity**: Number of shares to buy.
- **price_type**: Can be Market
(default) or Limit
.
- **timeInForce**: Order duration, such as:
- Day
: Valid for the current trading session only.
- GTC
: Good Till Canceled.
---
### API Endpoints
1. **Base URL**:
https://api.schwab.com/v1/trading/orders
2. **Authentication**:
Follow Schwab's OAuth documentation to obtain an access token.
---
### Notes:
1. **Access Token Expiry**:
- Ensure you refresh the access token periodically if it's expired.
2. **Testing**:
- Use Schwab's **sandbox environment** for testing before deploying live.
3. **Error Handling**:
- Implement checks for API limits, invalid input, or connectivity issues.
4. **Rate Limits**:
- Schwab may have rate limits for API requests. Refer to their documentation for limits.
5. **Limit Orders**:
- If you're placing a limit order, include the price
parameter in the payload.
---
To place a **buy order** using the Charles Schwab API (also known as **Schwab's Developer Platform**), you need to integrate their API into your application. Below is a step-by-step guide and a sample code snippet for placing a buy order.
---
### Prerequisites
1. **Sign Up for Schwab Developer Platform:**
- Visit the [Schwab Developer Platform](https://developer.schwab.com/) to register and obtain API credentials.
2. **Obtain API Key and Access Token:**
- Follow Schwab's documentation to get your **client ID**, **client secret**, and generate an **access token**.
3. **OAuth 2.0 Authentication:**
- Authenticate and authorize your application using OAuth 2.0 to interact with Schwab's APIs.
4. **Understand Order Parameters:**
- Familiarize yourself with the fields required for placing an order, such as account number, symbol, quantity, price type, and action.
---
### Sample Buy Order Code (Python)