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Educational Content Only

Nothing on this site constitutes financial advice, trading recommendations, or investment guidance. All content is for educational purposes only. Always do your own research and consult qualified professionals before making financial decisions.

LearnMarket Mechanics

Market Mechanics

10 lessons81 min

Understand how markets actually work - from order matching to price discovery. Learn the fundamental mechanics that drive every trade.

Your progress0 of 10 lessons complete
Start Module

Lessons

1

Module Overview

Introduction to market mechanics and what you'll learn in this module.

2 min
2

The Four Participant Types

Quiz

Learn about market makers, institutions, retail traders, and algorithms - and how they interact.

6 minQuiz included
3

Anatomy of an Order

Quiz

Understand market orders, limit orders, and how they're matched in the order book.

9 minQuiz included
4

The Bid-Ask Spread

Quiz

Why the spread exists, who profits from it, and how it affects your trades.

9 minQuiz included
5

Price Discovery

Quiz

How buyers and sellers find equilibrium and what drives price movement.

10 minQuiz included
6

Liquidity Explained

Quiz

What liquidity means, how to measure it, and why it matters for your trading.

8 minQuiz included
7

Slippage and Execution

Quiz

Why you don't always get the price you expect and how to minimize slippage.

9 minQuiz included
8

Market Microstructure

Quiz

The hidden mechanics of exchanges, dark pools, and order routing.

9 minQuiz included
9

Reading Time and Sales

Quiz

How to interpret the tape and understand real-time order flow.

10 minQuiz included
10

Market vs Limit Orders: When to Use Each

Quiz

Strategic considerations for order type selection in different scenarios.

9 minQuiz included