What you will learn
- Distinguish ownership claims from market indices.
- Read quotations and compare order constraints.
- Explain settlement obligations and execution costs.
Before you begin
No prior market knowledge is required; basic arithmetic is enough.
Full lesson list
All lessons are freely available. No enrollment or payment is required.
Ownership and market measures
- Distinguish a share from a basket measure.
- Relate the same ownership percentage to changing market value.
Quotes and order constraints
- Distinguish displayed prices from available depth.
- Explain the price-versus-execution tradeoff of a limit order.
Settlement and trading friction
- Separate execution from settlement obligations.
- Include fees and execution differences in a cash calculation.