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Stock Market Symbols: You Must Learn Them All If You Want To Be A Serious Investor

f you find that you are having a hard time understanding stock market symbols, do not feel discouraged by this. These symbols trip a lot of people up. They can definitely be confusing for anyone who has not mastered the basics yet. It takes considerable time to do this, but I have taken the time to provide a few symbols to get you started off right.

The ticker symbol

The purpose of the ticker symbol is to inform investors and other people what corporation they represent. They are essentially acronyms. You will notice that they are comprised of up to four letters. In some cases an extra identifier might be added on. These identifiers are designed to tell a person what class of stock they are dealing with or what grade of stock.

Finding out what the ticker is for a company

It is going to be important for you to know all of the ticker symbols for the companies you will be investing in. If you do not know what they are then you can use a number of online tools to find them. Once you know the ticker symbol make sure you don’t forget it. After a while it should become easy to identify various stocks in this fashion.

The last trade/close symbol

In order to make an informed decision when it comes to investing in a stock, it is crucial to know what the price was when it was last traded. The last trade/close symbol discloses this information. When the price of a stock is reported after the market has closed, then the stock price will be reported as “close” rather than “last trade”.

The trade time symbol

You will want to keep up on when the last trade was reported for a given stock you might be interested in buying. This might help you to make decisions as to whether getting in on the stock is a good idea. The trade time symbol will give you all the information you need regarding the last time a stock was traded. This is done for all stocks.

The change symbol

Changes are important to know with stocks, because if you are trying to search for certain patterns you need to know what changes have occurred the most recently. The change symbol tell you how much the value of a stock has gone up between the price it finished at the previous day and what the price might be at the moment.

The previous close symbol

If you are a day trader you cannot afford not to know what price a stock closed at the day prior. That is what the previous close symbol does. You will be able to look at it and immediately tell what the value of a stock was the day before. This will give you indication as to how that stock is performing and what you might expect in the near future.

The open symbol

Stocks open at certain prices and then they can fluctuate throughout the day. For some day traders they base their entire method of trading on what the opening price is. Use this symbol to look at the value of a stock for a given day. Usually the change is going to be minor. There should not be a dramatic change unless something big happened with the company the stock is associated with.

There are many more stock market symbols, but the ones I described above should help you to get started on the road to learning what they all mean. You cannot hope to beat the stock market if you do not have a full understanding of these symbols. So even though it is not going to be pleasant, be sure you take the time to learn them all.

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