Trivial But Important Information For Beginners-1 (Market Holiday post)

• New York Stock Exchange(NYSE) is what people usually call U.S. Stock market

• Regular market hours for NYSE are 9:30am to 4:00 pm Eastern Time

• It opens from Monday to Friday, and it doesn't operate during the weekends.

• Dow Jones, Nasdaq, and S&P500 are all indexes of U.S. stock market. Indexes show how the overall market is doing. If the Indexes decline, that means that the market isn't doing well.

• Companies use abbreviated names for stock market. For example, Amazon is named AMZN in stock markets. The abbreviated names may be different from the company name, like Alphabet Inc. and GOOG.

• In order to buy stocks, you have to choose whether if you want to buy from a stock broker or a online brokerage firm, and then choose the type of order that you want to make. You will have to pay little amount of money to the broker/brokerage firm.

• There are five types of order; there are market, limited, stop, stop-limit, and trailing stop order.

• Market order is the normal order that you would make during trading hours

• Limit order executes at a specific price and can be open in a specific time period.

• stop order is triggered when a stock hits a certain price, which is the stop price of the stock.

• Stop-limit order is the same thing as stop order, but instead of market order an limit order is executed.

• Stop order based on percentage change in the market price.

• Sometimes you can buy stocks directly from the company, which allows you to save money