January 2019
Beginner
320 pages
9h 58m
English
Content preview from Securities Industry Essentials Exam For Dummies with Online Practice
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Chapter 14
Going to Market: Orders and Trades
IN THIS CHAPTER
Understanding the differences between the primary and secondary markets
Comparing stock exchanges to the over-the-counter market
Seeing the role of the broker-dealer
Looking at order qualifiers
Getting to know market participants
Part of your function as a registered rep will be to understand and explain to customers (and potential customers) how the stock market works. I designed this chapter with that in mind (along with the fact that you need to know this stuff for the SIE, of course).
In this chapter, I cover the basics of exchanges and the over-the-counter market, along with some of the active participants who help the market run smoothly (at least most of the time). Pay particular attention to the sections “Talking about order types” and “Factoring in order features,” because you’ll definitely use that information every day after you pass the SIE and co-requisite tests.
Shopping at Primary and Secondary Markets ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.