Can anyone explain stockbroking and stocks and shares to me in simplistic terms?
1) A point is equal to one dollar. If a stock goes up a point, then it would mean it went up by one dollar. 2) Stocks is the same thing as shares – one stock is equal to one share. 3) A stock exchange can be defined as a corporation or organization that provides the facilities for stock brokers and traders to trade securities,such as stocks and mutual funds, and has registered with the SEC under Section 6 of the Securities Exchange Act of 1934. In order for a security to be traded on the stock exchange, it must be listed there or be a member of the particular exchange. The three major U.S. stock market exchanges are the New York Stock Exchange (NYSE), Nasdaq, and the American Stock Exchange (AMEX).
