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If you are new to the stock market then you will hearing all the snazzy acronymns being bandied about like NYSE, NASDAQ and more. There are some international ones too which are LSE and Hang Seng Etc.
Do not get bothered by these terms. These are acronyms for stock exchanges all around the world. These stock exchanges are meant to be the place where the potential buyers meet the sellers and shares exchange hands.
New York Stock Exchange started in 1792 and is located at the epitome of the US financial icon street called the Wall Street. It is undoubtedly one of the largest exchanges in the country. All the companies aspire to be listed here so there shares can be traded on this exchange but before a company can be listed here they have to complete certain set of criteria in terms of financial strength as well as the industry they operate in.
As a beginner you may think that you can trade in the NYSE, you cannot, so you will either have to be a broker or a route your buy or sell order through a broker. Now if you want to be a broker on the NYSE, you will need to cough a million dollars to become a broker on NYSE or as they say buy seat at the NYSE. These brokers can then take your orders regarding selling or buying a stock.
Similar to NYSE is American stock exchange which is again in the financial district of the country called New York. The American exchange has stocks for trading but also has options for trading. The AMEX can trade smaller companies than traded in NYSE and hence it is attractive to a lot of companies.
NASDAQ is the baby of them all though not in terms of the sheer size of companies listed on it and the full form of NASDAQ is National Association of Securities Dealers Automated Quotations. It began in 1971 and has almost any company you could think of listed there. Historically though it was known for technology companies like Microsoft and Intel and a lot of new technology start ups like to list here. This exchange does not have a physical building and it works a computer network where buyers and sellers meet through computer software and sell or buy stocks.
Almost all international countries have their won stock exchanges but some are more famous than the others. Like the Bombay Stock Exchange in India or the FTSE in London or the Hang Seng in Hong Kong.
As a stock market for beginners guide you will need to know all you can about stock exchanges.
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