A ticker symbol is a short version of a company name.
Benefits of Ticker Symbols:
-Every ticker symbol is unique (some companies have similar names and this eliminates confusion)
-It is faster to type than a full company name
-Faster for trade executions
Examples:
-McDonald’s = MCD
-Facebook = FB
-Caterpillar = Cat
-Google = Goog
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you made it very easy to understand, thank you!!
No need to do this..
why is cat one of your favorites?
I've been studying the stock market and high end real estate. I come to this channel after studying and my understanding shoots through the roof. I'm gaining confidence. thanks.
Good Stuff!