Do not let yourself get confused over deciphering what stock market symbols stand for. These symbols or simply stock symbols refer to the abbreviations of a corporation's name that became well-known when a ticker, which is a moving piece of tape on which prices of stock were first recorded as it was transmitted from the stock exchange, monitored stock prices.
Stock market symbols may vary according to types of stocks or classes and across different markets in the world.
To illustrate, market symbols of common stock are composed of alphabets and may be one to five characters in length. For example, the stock symbols for General Motors are GM, while the symbols for Microsoft Corporation are MSFT.
On the other hand, preferred stocks have symbols followed by a hyphen (-) plus optional class letters. The Aluminum Company of America's preferred stock carries the stock symbols of AA-.
Furthermore, symbols for the stocks in the New York Stock Exchange always consist of one to three letters, to which other letters may be added to denote classes other than common stock, while symbols for the stocks in the American Stock Exchange are always composed of three letters, to which other letters may be added to denote classes other than common stock.
There are many more examples as there are many other markets in the world and more corporations engaged in market trading. You can find these stock market symbols on the Internet.
The basics of the market can be learned relatively quickly. However the process of choosing stocks to invest in will take a lot more time. Once you can master the markets, you can basically choose how much you want to make via investing wisely. Just make sure you don't risk too much money because crashes can happen.
Stock market symbols may vary according to types of stocks or classes and across different markets in the world.
To illustrate, market symbols of common stock are composed of alphabets and may be one to five characters in length. For example, the stock symbols for General Motors are GM, while the symbols for Microsoft Corporation are MSFT.
On the other hand, preferred stocks have symbols followed by a hyphen (-) plus optional class letters. The Aluminum Company of America's preferred stock carries the stock symbols of AA-.
Furthermore, symbols for the stocks in the New York Stock Exchange always consist of one to three letters, to which other letters may be added to denote classes other than common stock, while symbols for the stocks in the American Stock Exchange are always composed of three letters, to which other letters may be added to denote classes other than common stock.
There are many more examples as there are many other markets in the world and more corporations engaged in market trading. You can find these stock market symbols on the Internet.
The basics of the market can be learned relatively quickly. However the process of choosing stocks to invest in will take a lot more time. Once you can master the markets, you can basically choose how much you want to make via investing wisely. Just make sure you don't risk too much money because crashes can happen.
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