A stock market represents all the stocks (shares) that are issued and traded or just held. Stock market (equity market) is a part of a whole financial market but more extensive term than Stock Exchange. Stock Exchange is only one of hundreds (almost every country has one, some countries has few of them) when stock market covers all the stock exchanges and also those shares that are traded on OTC market.
The size of the stock market fluctuates over time depending on the economical cycle but usually it states less than half of total world’s investment market.
Read more about investment in stocks.
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