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Guide

Articles that explain the market in four chapters, easy to hard; read them start to finish like a curriculum.

Start from the Top

What Is a Stock?49 Articles · ~233 Min Read

All

Basics

11 Articles

Stocks, exchanges, indexes, funds — the building blocks, in the order a newcomer should learn them.

Basic9 Articles
01What Is a Stock?4 Min ReadOwning a small piece of a company — and who actually sets the price of that piece.02How the Stock Market Works4 Min ReadThe road your order travels from the moment you tap Buy to the shares landing in your account.03What Is an Index?3 Min ReadWhere the number called the S&P 500 comes from — and why it behaves differently from the Dow.04What Is an ETF?4 Min ReadA fund that trades like a single stock but carries dozens of companies inside.05Index Fund or Single Stock?5 Min ReadNot two answers to the same question: one buys the market, the other buys a company, and the risks come from different places.06What Is Volatility?4 Min ReadIt measures how much the price swings — not which way it is going.07Bull and Bear Markets3 Min ReadTwo animals, two thresholds, and the story the market tells about itself.08Liquidity and the Spread4 Min ReadThe invisible fee you pay on every trade, even when the commission is zero.09IPOs: How a Company Comes to Market6 Min ReadThe day a private company gets a public price tag — and why that day is so volatile.