Tier 1 · Foundations

Setting Up for Success

Choose the right broker, understand your account options, practice without risk, and assemble the tools and data sources that professional traders rely on every day.

4
Sub-Modules
5
Hours
21
Quiz Questions
4
Case Studies

Module 1 taught you how markets work. Module 2 is about getting you operational. By the end of this module, you'll have a clear picture of which broker fits your needs, which account type matches your situation, how to build skill without risking capital, and which tools deserve a spot on your screen. This is the practical foundation everything else is built on.

Sub-Modules
2.1

Choosing a Brokerage

Commissions, execution quality, platform features, margin rates, and customer service. Mobile vs. desktop limitations, the ACATS transfer process, and a framework for matching broker to trading style.

1.5 Hours Beginner 5 Questions · 1 Case Study
→
2.2

Account Types Deep Dive

Cash vs. margin vs. IRA vs. taxable — and the trading implications of each. How account structure affects your buying power, tax treatment, PDT exposure, and long-term wealth building.

1.5 Hours Beginner–Intermediate 6 Questions · 1 Case Study
→
2.3

Paper Trading & Simulators

Building skill without risk. Market replay tools for accelerated practice, realistic performance benchmarks (win rate, expectancy), a structured first-week exercise, and the four-phase plan for transitioning to live trading.

1 Hour Beginner 5 Questions · 1 Case Study
→
2.4

Essential Tools & Data Sources

Screeners, charting platforms, news feeds, economic calendars, and SEC filings. Plus: how to build your first watchlist, set up price and filing alerts, and avoid the delayed-data trap.

1 Hour Beginner 5 Questions · 1 Case Study
→
By the End of Module 2, You Will Be Able To
✓
Evaluate brokers based on execution quality, costs, platform capabilities, and mobile vs. desktop features
✓
Choose the right account type for your capital, goals, and tax situation
✓
Use paper trading and market replay to practice strategies and measure your expectancy
✓
Build a focused watchlist of 10–15 stocks and set price alerts to scale your attention
✓
Navigate SEC EDGAR for filings and set up alerts for insider transactions
✓
Follow a structured transition plan from paper trading to live markets at minimum risk

Prerequisites

Module 1: How Markets Work — You should understand market structure, order types, trading sessions, and basic regulation before setting up your trading environment.

What Comes Next

Module 3: Reading Financial Statements — With your trading environment configured, you'll learn to read the income statement, balance sheet, and cash flow statement that drive fundamental analysis.

Begin Module 2