adept-grumblefish28
adept-grumblefish28 t1_j28qwia wrote
Reply to comment by mayners in eli5; how does the stock exchange work? by dirtycumsock69420914
Yes, I should've added that. Thank you.
adept-grumblefish28 t1_j280bni wrote
Reply to comment by dirtycumsock69420914 in eli5; how does the stock exchange work? by dirtycumsock69420914
Your very welcome!
adept-grumblefish28 t1_j27xu3m wrote
The stock exchange is a place where people buy and sell shares of companies. When you buy a share of a company, your kind of like a tiny owner of that company. You get to share in the profits that the company makes and you can sell your share to someone else if you want to. The stock exchange is kind of like a big, crazy auction. People always buying and selling shares, and the prices go up and down all the time depending on how much people want to buy or sell - supply and demand. If lots of people want to buy a share, the price goes up. If lots of people want to sell a share, the price goes down.
The prices can change loads in just a few minutes. Some people make a lot of money on the stock exchange, but other people lose money. It's a bit like gambling.
adept-grumblefish28 t1_j2cmitq wrote
Reply to comment by dkf295 in ELI5: Why can't cell phones come standard with a thermometer? by [deleted]
Not sure on the external probe bit. I have a garmin watch that does ambient air temperature without an external probe.