Learn the stock market
Free stock market courses, with real numbers
Everything about stocks and the market, from what a stock is to how options work. 24 courses, our own studies and tools, with real companies and real prices. No account needed.
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Study
Every stock market crash since 1928
12 crashesof at least 20%. The median return to the old high took two years.
Tool
If I had invested
SEK 54,846is what SEK 10,000 in Volvo in November 2016 would be today.
Lesson
What is a good P/E ratio?
What the number says, and when it misleads you.
Courses
Basics
The stock market from zero
What a stock and the market are, how they work and how you get started.
9 lessons · BeginnerWhy does a stock move?
What sets the price, and why prices go up and down.
9 lessons · BeginnerHow to trade on the exchange
The order book, order types, opening hours and fees, step by step.
6 lessons · BeginnerHow listed companies work
Listings, share issues, splits and what happens in a takeover or bankruptcy.
8 lessons · BeginnerRead a stock chart
Lines, candlesticks and volume, on real charts.
6 lessons · BeginnerDividends
What a dividend is, when you get it and what the numbers say.
5 lessons · BeginnerSaving for the long term
Compound interest and monthly saving, calculated on real years.
5 lessons · BeginnerFunds, ETFs and bonds
What they are, how they differ from stocks and what they cost.
7 lessons · BeginnerThe economy and the stock market
Inflation, interest rates and recession, and what they mean for stocks.
6 lessons · BeginnerFundamental analysis
Fundamental analysis: the basics
What fundamental analysis is, and how a company makes its money.
8 lessons · BeginnerKey ratios
P/E, P/S, equity ratio and return, compared on real companies.
7 lessons · IntermediateRead an earnings report
From the headline to the cash flow, on real reports.
7 lessons · IntermediateValue a company
Multiples, cash flows and the most common traps.
5 lessons · AdvancedSectors
Which numbers matter in each sector.
6 lessons · IntermediateTechnical analysis
Technical analysis: the basics
Trends, levels and averages, and how well they hold up.
6 lessons · BeginnerIndicators
RSI, MACD and Bollinger Bands, calculated on real prices.
7 lessons · IntermediateCandlesticks and patterns
The most common patterns, and how often they have held.
6 lessons · IntermediateVolume and volatility
What counts as a big move for this particular stock.
5 lessons · IntermediateTest a strategy
How to test a rule without fooling yourself.
5 lessons · AdvancedOptions and leverage
Options
What an option is, how it works and what you can lose.
9 lessons · IntermediateShort selling, warrants and leverage
How they work, and where the loss can exceed the stake.
7 lessons · AdvancedRisk and history
Risk
How big a loss can get, and how to calculate it.
5 lessons · IntermediateStock market crashes in history
1929, 1987, 2000, 2008, 2020: what happened and how it turned.
7 lessons · BeginnerMarket psychology
The thinking traps that cost the most, with examples from real prices.
6 lessons · BeginnerIs it true?
Things everyone says about the market, tested on real prices.
- Every stock market crash since 1928Twelve crashes of at least 20%. The median return to the old high took two years.
- Does technical analysis work?Five popular signals, tested on real prices.
- What happens to a stock after a dividend?How far the price falls, and how long it takes to get back, for every ex-date.
- How much does a stock move on earnings day?Earnings day against a normal day, company by company, and whether the direction held a month later.
- What is the stock market's average return?From different start years, and the worst result for each holding time.
- Sell in May: is it true?Month by month, for the index and the largest companies.
- What happens after a stock split?All the splits among the largest companies.
- What happens after a stock falls 10% in a day?Stocks that fell at least 10% in a day: a month and a year later.
Tools
- If I had investedWhat an amount in a stock would be worth today, with dividends.
- Monthly saving on the real marketCompound interest calculated on real years, not on an even percentage.
- Average cost calculatorWhat average cost is, and what you have paid on average after several purchases.
- Dividend calculatorWhat your stocks paid in dividends, year by year.
- P/E calculatorAlready in the lesson on the P/E ratio.
- Position sizeHow many shares a set risk corresponds to.
Common questions
- What is a stock?
- What is an option?
- What is fundamental analysis?
- What is technical analysis?
- What determines a stock's price?
- What is a good P/E ratio?
- What is RSI?
- How long does the market take to recover?
- Does technical analysis work?
- What is an ETF?
- What is inflation?
- What is short selling?
Want to know why a particular stock moved today? See the stock pages.