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
#stockbasics #tickersymbol #tickersymbols #stockticker #stockmarket
Posted at: https://tradersfly.com/blog/stock-basics-what-is-a-ticker-symbol/
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