# Trading Basics: Free Beginner ETF Course

> Trading Basics: Price and NAV, order types, spreads, premiums and trading costs. 7 free lessons on real ETF data, with quizzes and a certificate.

Data as of Nov 10, 2026. Rebuilt every trading night.

## Trading Basics

Data as of Nov 10, 2026. Rebuilt every trading night.

As of Nov 10, 2026, ETFIQ Academy’s Trading Basics course has 7 free beginner lessons on real ETF data, about 45 minutes in all.

Trading Basics · 7 lessons published 1 2 3 4 5 6 7

Start the course

### Lessons

- How an ETF trades: shares, price and NAV Lesson 1, 6 minutes

- Market, limit and stop orders: what each does to your price Lesson 2, 7 minutes

- The bid-ask spread: the trading cost you don't see Lesson 3, 6 minutes

- Premium and discount: when price and value split Lesson 4, 6 minutes

- Liquidity: why trading volume is the wrong clue Lesson 5, 7 minutes

- The open, the close and foreign hours: how timing changes your price Lesson 6, 6 minutes

- What a round trip really costs: spread, premium, fee and tax Lesson 7, 7 minutes

### Your progress

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.

### What you learn

- The difference between an ETF's market price and its NAV, and how authorized participants keep them close

- 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

- 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

- What an ETF premium or discount to NAV is, how to turn it into dollars, and why some funds drift from their holdings

- What makes an ETF easy or hard to trade, why daily volume misleads, and how the IQ Liquidity Score reads spread and capacity

- How the opening minutes, foreign market hours and rough market days change an ETF price against the value of its holdings

- How to add the spread, premium, fee and tax into the full cost of buying, holding and selling an ETF

### Where to next

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Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ, Trading Basics: free ETF course, data as of Nov 10, 2026. https://etfiq.com/academy/trading-basics/
Licence: https://etfiq.com/license/ Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.
HTML: https://etfiq.com/academy/trading-basics/