Understanding the stock market is fundamental to investing and having a good grasp on the economy.
The stock market tracks the supply and demand for various stocks/companies. The main big stock markets in America are the New York Stock Exchange (NYSE) and NASDAQ. The NYSE trades over 3,000 companies, including Walmart and McDonalds. NASDAQ is slightly less popular and has over 2,700 companies. NASDAQ has a large number of tech companies such as Apple and Microsoft. Trading in various forms: in-person, online, and through phone calls. Although online trading has generally become much more popular in the past years.
The stock markets can generally be used to see how well the American economy is doing. Although there can be descripancies, the stock market can be a good tool to evaluate the strength of the American economy at any given time.
The stock market isn’t really that complex in nature, but can be sporadic, which is what makes trading sucessfully so difficult. There is an abundance of websites that offer the ability to trade stocks and can now be done almost anywhere. Stocks are volatile, and can be extremely unstable. Bitcoin is a good example of the dangers of stock trading.
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