The free NEPSE course
Written for someone starting from nothing on the Nepal Stock Exchange (NEPSE). It goes in the order the market will actually ask you to know things — what a share is, then the accounts you need, then what a trade costs, then how to judge a company. No sign-up and no fees, now or later.
Start at lesson 1 →
50 lessons published · about 5 hours
01 How the market actually works
5 lessons · 34 minWhat a share is, why companies list, and how NEPSE matches your order with someone else's. Trading days, market hours and the pre-open session.
- 1.1What a share actually isA share is a slice of a business, not a lottery ticket with a price attached.7m
- 1.2Why companies list on NEPSECompanies sell shares to raise money they do not have to pay back. Understanding why they list tells you what to expect from them.6m
- 1.3How your order gets matchedNobody sells you a share. You are matched against another ordinary person who wanted the opposite of what you wanted.8m
- 1.4When the market is openNEPSE trades Sunday to Friday. Saturday is closed. The session runs 11:00 to 15:00, with a pre-open auction from 10:30.6m
- 1.5What actually moves a pricePrices move when the balance between buyers and sellers changes. Everything else is a reason why that balance changed.7m
02 Your accounts: bank, Demat, Mero Share, TMS
6 lessons · 34 minThe four accounts every investor needs, what each one is for, and how to open them without visiting an office twice.
- 2.1The four accounts, and why there are fourBank, Demat, Mero Share and TMS each do one job. Knowing which does what saves you a wasted trip.6m
- 2.2The bank accountWhere your money sits, and where sale proceeds and dividends land.4m
- 2.3The Demat accountWhere your shares actually live, in electronic form, in your name.6m
- 2.4Mero ShareYour window into what you own, and how you apply for IPOs.6m
- 2.5The TMS accountThe broker's trading system — the only place you actually place a buy or sell order.6m
- 2.6Opening all four without a second tripWhat to carry, in what order, and the details that get applications rejected.6m
03 Brokers, fees and settlement
5 lessons · 30 minChoosing a broker, commission slabs, DP charges, SEBON fees, and what settlement means for your money.
- 3.1What a broker actually doesA broker is a licensed intermediary, not an adviser. Knowing the difference protects you.5m
- 3.2What a trade actually costsFour separate charges sit between the price you see and the money that leaves your account.8m
- 3.3Choosing a brokerCommission is set by regulation, so brokers compete on everything else.5m
- 3.4Settlement: when the shares are really yoursExecution and settlement are different moments. The gap decides when you can sell.6m
- 3.5Placing your first trade properlyA checklist to run before your first order, and what to expect afterwards.6m
04 IPOs, FPOs and rights shares
7 lessons · 46 minApplying through ASBA, allotment odds, book building, and what bonus and right shares do to your average cost.
- 4.1What an IPO actually isA company selling part of itself to the public for the first time — and why that is not the same as a bargain.7m
- 4.2Applying through ASBA, step by stepYour money is blocked, not transferred, and only debited if you are allotted shares.7m
- 4.3Allotment: why a bigger application rarely helpsWhen an issue is heavily oversubscribed, allotment is effectively a lottery for a minimum lot.6m
- 4.4FPOs and book buildingA further issue by an already-listed company, and the method used to price it.6m
- 4.5Right sharesExtra shares offered to existing holders, usually cheap — and ignoring them costs you.7m
- 4.6Bonus shares and cash dividendsOne gives you more shares and adjusts the price down; the other puts money in your bank account.7m
- 4.7What listing day really looks likeThe first day of trading is the least informative day, and the worst one to make decisions on.6m
05 Reading the price screen
6 lessons · 38 minLTP, open, high, low, previous close. Circuit breakers, price ranges, market depth, and why volume is the honest number.
- 5.1The numbers on the screenLTP, open, high, low, previous close — what each one is, and which one actually matters.6m
- 5.2Market depth: what you can actually trade atThe order book shows real buyers and sellers waiting, and it is the only honest answer to 'what price can I get?'7m
- 5.3Circuit limits and why they can trap youA daily band that stops a price moving too far — and can make a stock impossible to exit.7m
- 5.4Volume is the honest numberPrice says what happened. Volume says how much conviction was behind it.6m
- 5.5The floorsheetNepal publishes broker-level trade detail that most markets keep private. Here is what it can and cannot tell you.6m
- 5.6Reading a chart honestlyTimeframe changes the story. The same stock can look strong and weak at once.6m
06 Fundamental analysis
8 lessons · 55 minEPS, P/E, book value, ROE and dividend history, read straight from a Nepali company's quarterly report.
- 6.1Where the numbers come fromListed Nepali companies must publish quarterly. Those reports are the raw material for everything in this chapter.6m
- 6.2EPS and P/EProfit per share, and how many rupees you are paying for each rupee of it.7m
- 6.3Book value and return on equityWhat the company owns net of debts, and how well it uses it.7m
- 6.4Reading a bankBanks dominate NEPSE, and they are judged on numbers no other sector reports.8m
- 6.5Reading a hydropower companyA different business entirely: long build, fixed price, and the river decides the revenue.7m
- 6.6Dividends as evidenceA dividend history is one of the few things in a report that is hard to fake.6m
- 6.7Spotting trouble in the accountsThe warning signs that show up before the price does.7m
- 6.8Putting a value on itValuation is a range with assumptions, not a number. Anyone giving you one number is hiding something.7m
07 Technical analysis and timing
7 lessons · 47 minCandlestick structure, support and resistance, moving averages, RSI, and the discipline of a written trade plan.
- 7.1What technical analysis is forIt answers a different question from Chapter 6, and confusing the two is the common error.6m
- 7.2Trend, support and resistanceThe three ideas that everything else in technical analysis is built on.7m
- 7.3Candlesticks in practiceFour observations let you read most patterns without memorising any of them.7m
- 7.4Moving averages in practiceThe one indicator worth starting with, and what its lag really costs you.7m
- 7.5RSI and momentumWhat overbought actually means, and the mistake almost everyone makes with it.7m
- 7.6The written trade planDecide the entry, the exit and the size before you are in the position — because after is too late.7m
- 7.7What technical analysis cannot doThe honest limits, and why knowing them makes the tools more useful rather than less.6m
08 Risk, portfolio and taxes
6 lessons · 40 minPosition sizing, diversification that isn't fake, capital gains tax by holding period, and records the tax office will accept.
- 8.1Position sizingThe single decision that determines whether you survive being wrong.7m
- 8.2Diversification that is not fakeTen Nepali bank stocks is one bet held ten times.7m
- 8.3Capital gains taxHow it is charged, when it is withheld, and why the holding period matters.7m
- 8.4Keeping records the tax office will acceptWhat to keep, from your first trade, and why reconstructing it later is painful.6m
- 8.5The part that is about youThe predictable ways your own judgement will work against you.7m
- 8.6Where to go from hereWhat this course covered, what it deliberately did not, and what to do next.6m
Questions people actually ask
- Who is the free NEPSE course for?
- Someone starting from nothing on the Nepal Stock Exchange. It goes in the order the market will actually ask you to know things: what a share is and how an order is matched, then the accounts you need, then what a trade costs and how settlement works, then IPOs, then how to read the price screen, a company's report and a chart. There is no sign-up and no fee, now or later.
- What accounts do I need before I can buy a share on NEPSE?
- Four: a bank account, a Demat account, Mero Share and a broker's TMS account. Each one asks for details from the one before it, so the course walks through opening them in that order, what to carry, and the name mismatches that get applications rejected. A Mero Share account on its own lets you apply for IPOs but not trade in the secondary market.
- Does the course tell me what a trade actually costs?
- It explains the four separate charges that sit between the price you see and the money that leaves your account, and what each one is levied on. It deliberately does not print the rates as numbers, because they are set by regulation and revised; a figure written into a lesson goes stale silently. The lessons point you to a live calculator instead.
- Does it cover IPOs, rights shares and bonus shares?
- Yes. One chapter covers what an IPO is, applying through ASBA, why allotment in an oversubscribed issue is effectively a lottery for a minimum lot, FPOs and book building, right shares and why ignoring them costs you, bonus shares and cash dividends, and what listing day really looks like.
- Will it teach me to read a company's report and a price chart?
- Both, as separate skills. One chapter reads a listed company's quarterly report — EPS and P/E, book value and return on equity, and how a bank is judged on numbers no other sector reports. Another covers what technical analysis is for, trend, support and resistance, candlesticks, moving averages and RSI, and ends with what technical analysis cannot do. The last chapter covers position sizing, diversification, capital gains tax and keeping records.
- Does the course tell me which shares to buy?
- No. It is education, not investment advice, and it never gives a buy or sell recommendation. It teaches you to read a company's numbers and a price chart yourself so that you do not have to rely on a tip.