{"url":"https://etfiq.com/academy/trading-basics/","section":"academy","title":"Trading Basics: Free Beginner ETF Course | ETFIQ","description":"Trading Basics: Price and NAV, order types, spreads, premiums and trading costs. 7 free lessons on real ETF data, with quizzes and a certificate.","as_of":"Nov 10, 2026","structured_data":[{"@type":"Course","@id":"https://etfiq.com/academy/trading-basics/#course","name":"Trading Basics","description":"As of Nov 10, 2026, ETFIQ Academy\u2019s Trading Basics course has 7 free beginner lessons on real ETF data, about 45 minutes in all.","url":"https://etfiq.com/academy/trading-basics/","provider":{"@type":"Organization","name":"ETFIQ Research","url":"https://etfiq.com"},"educationalLevel":"Beginner","inLanguage":"en","isAccessibleForFree":true,"offers":{"@type":"Offer","category":"Free","price":0,"priceCurrency":"USD"},"hasCourseInstance":{"@type":"CourseInstance","courseMode":"Online","courseWorkload":"PT45M"},"hasPart":[{"@type":"LearningResource","name":"How an ETF trades: shares, price and NAV","url":"https://etfiq.com/academy/trading-basics/how-an-etf-trades/","position":1},{"@type":"LearningResource","name":"Market, limit and stop orders: what each does to your price","url":"https://etfiq.com/academy/trading-basics/order-types/","position":2},{"@type":"LearningResource","name":"The bid-ask spread: the trading cost you don't see","url":"https://etfiq.com/academy/trading-basics/bid-ask-spread/","position":3},{"@type":"LearningResource","name":"Premium and discount: when price and value split","url":"https://etfiq.com/academy/trading-basics/premium-and-discount/","position":4},{"@type":"LearningResource","name":"Liquidity: why trading volume is the wrong clue","url":"https://etfiq.com/academy/trading-basics/liquidity/","position":5},{"@type":"LearningResource","name":"The open, the close and foreign hours: how timing changes your price","url":"https://etfiq.com/academy/trading-basics/when-etfs-trade/","position":6},{"@type":"LearningResource","name":"What a round trip really costs: spread, premium, fee and tax","url":"https://etfiq.com/academy/trading-basics/trading-costs-add-up/","position":7}],"dateModified":"2026-11-10"},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Academy","item":"https://etfiq.com/academy/"},{"@type":"ListItem","position":3,"name":"Trading Basics","item":"https://etfiq.com/academy/trading-basics/"}]},{"@type":"WebPage","name":"Trading Basics: Free Beginner ETF Course","description":"Trading Basics: Price and NAV, order types, spreads, premiums and trading costs. 7 free lessons on real ETF data, with quizzes and a certificate.","url":"https://etfiq.com/academy/trading-basics/","dateModified":"2026-11-10","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":2520,"truncated":false,"content":"ETFIQ / Academy / Trading Basics \n \n Trading Basics\n Data as of Nov 10, 2026. Rebuilt every trading night.\n As of Nov 10, 2026, ETFIQ Academy\u2019s Trading Basics course has 7 free beginner lessons on real ETF data, about 45 minutes in all.\n Trading Basics \u00b7 7 lessons published 1 2 3 4 5 6 7 \n Start the course \n Lessons\n How an ETF trades: shares, price and NAV Lesson 1, 6 minutes \n Market, limit and stop orders: what each does to your price Lesson 2, 7 minutes \n The bid-ask spread: the trading cost you don't see Lesson 3, 6 minutes \n Premium and discount: when price and value split Lesson 4, 6 minutes \n Liquidity: why trading volume is the wrong clue Lesson 5, 7 minutes \n The open, the close and foreign hours: how timing changes your price Lesson 6, 6 minutes \n What a round trip really costs: spread, premium, fee and tax Lesson 7, 7 minutes \n Your progress\n Finish all 7 lessons and get 2 of 3 right on each quiz to earn the course certificate. 0 of 7 lessons passed on this device. \n What you learn\n The difference between an ETF's market price and its NAV, and how authorized participants keep them close\n What market, limit and stop orders do to the price you get, and how the bid-ask spread sets the cost of a market order\n What the bid-ask spread is, how to turn it into dollars for a round trip and when it costs more than a fund fee\n What an ETF premium or discount to NAV is, how to turn it into dollars, and why some funds drift from their holdings\n What makes an ETF easy or hard to trade, why daily volume misleads, and how the IQ Liquidity Score reads spread and capacity\n How the opening minutes, foreign market hours and rough market days change an ETF price against the value of its holdings\n How to add the spread, premium, fee and tax into the full cost of buying, holding and selling an ETF\n Where to next\n More in this track ETFIQ Academy For teachers: answer keys ETF explainers \n Cite this page. ETFIQ, Trading Basics: free ETF course, data as of Nov 10, 2026. https://etfiq.com/academy/trading-basics/ Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data .\n Other forms Plain ETFIQ, Trading Basics: free ETF course, data as of Nov 10, 2026. https://etfiq.com/academy/trading-basics/ APA ETFIQ. (Nov 10, 2026). Trading Basics: free ETF course. Retrieved from https://etfiq.com/academy/trading-basics/ Markdown [Trading Basics: free ETF course (ETFIQ, Nov 10, 2026)](https://etfiq.com/academy/trading-basics/)","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, Trading Basics: free ETF course, data as of Nov 10, 2026. https://etfiq.com/academy/trading-basics/"}