Markets and trading
How trading actually works: order books, market makers, going long and short, returns and arbitrage.
- What gets tradedStocks, bonds, currencies and the contracts built on top of them.
- The order bookThe list of who wants to buy and sell, and at what price.
- Market and limit ordersTwo ways to trade: take a price now, or name your price and wait.
- Making a marketHow the firms in the middle earn a living, and what can go wrong.
- Long, short and profitMaking money when prices rise, and when they fall.
- ReturnsMeasuring gains in percent, and the surprise of compounding.
- ArbitrageWhen the same thing has two prices at once.
- Can you beat the market?Edge, costs, and how luck can look like skill.
- Indexes and fundsHow the market as a whole is measured and bought.
- FuturesAgreeing a price today for a trade later.
- Crashes and circuit breakersWhat happens when everyone sells at once.
- Track quizFive questions. Get four right to finish the track.