How to create Symlink/Symbolic Link in Linux?

Symlink/Symbolic Link : Serves as a reference for other file.
Possible Scenario’s for usage:

1. Change long path names to short one’s
   

   e.g. : /usr/local/My_Documents/My_GZip/KnowledgeExplosion to /usr/mysite

2. When software versions are frequently updated
   

   e.g: Java 1.6.1 to 1.6.11 (Changing JAVA_HOME is cumbersome)

Solution:
ln -s /usr/local/My_Documents/My_GZip/KnowledgeExplosion /usr/mysite
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