Sahmino Academy

Money, Inflation, and Purchasing Power

What Is an Asset? A Map of an Iranian Household's Assets

What Is Bank Deposit Interest? Nominal, Effective, and Real Returns Explained

How Markets Discover Prices

Tehran Stock Exchange 101: What Are Shares, Tickers, and the Overall Index?

Sejam and the Trading Code: A Step by Step Guide to Opening a Brokerage Account in Iran

Gold in Iran: 18 Karat, Melted Gold, and Coin Types

What Is the Coin Premium (Hobab) and How Is It Calculated?

Iran's Multiple Exchange Rates: Why Is There More Than One Dollar Price?

Crypto from Scratch: What Bitcoin Is, What Tether Is, and Why Tether Became Iran's Digital Dollar

What Is an Investment Fund? Fixed-Income, Equity, Balanced, Gold Funds and ETFs Explained

Risk and Return: How Are They Related, and Which Risks Threaten a Household's Savings?

What Is Diversification? Why You Should Not Put All Your Eggs in One Basket

What Is Liquidity, and Why Selling a House Differs From Selling Gold

Housing as an Asset: How Price per Square Meter, Deposit and Rent, and Transaction Costs Work

A Map of Global Markets: What Is an Index, and Why Does Its News Reach Iran's Market?

One Ounce of Gold in the World; Two Numbers That Set Its Price in Iran

Brent, WTI, and the OPEC Basket: What They Are and Why Their Prices Differ

TEDPIX vs the Equal-Weight Index: What Sets Them Apart and Why They Diverge

Earnings Per Share (EPS) and Price-to-Earnings (P/E): What They Are and How to Read Them

What Is Fundamental Analysis, and How Is a Stock's Intrinsic Value Estimated?

What Is Technical Analysis? Trend, Support and Resistance, and Moving Averages, Explained Simply

IPOs on the Tehran Stock Exchange: How Book Building Works

Fixed Income and T-Bills (Akhza): Why a Bond's Price Falls When Rates Rise

What Moves the Dollar? The Four Channels That Set the Exchange Rate

Pricing Gold in Iran: From the Global Ounce to the Number on Your Jeweller's Invoice

Coin and Bullion Auctions at Iran's Exchange Center: How the Price Is Discovered and What Happens to the Premium

Gold Funds: How They Work, What They Cost, and Why the Board Price Drifts From NAV

Money Supply and the Monetary Base: Where New Money Comes From, and Why It Is Tied to Inflation

Why Cars Became Quasi-Assets in Iran: Administered Prices, Lottery Rent, and the Depreciation Nobody Counts

Who Actually Holds Your Crypto? Private Keys, Wallets, and Centralized vs Decentralized Exchanges

Trading Fees and Taxes: What Leaves Your Pocket Before Any Profit Arrives

The Dollar Index (DXY): One Number That Usually Sends Gold the Other Way

The Fed's Chain to the Toman: How One Decision in Washington Reaches Tehran's Free Dollar and Coin

Every Day in Baghdad, an Auction Is Held: How Its Dollars Reach Tehran's FX Market

The UAE Dirham's Fixed Rate: Iran's Import Gateway and Remittance Corridor to Dubai

Turkey's High Interest Rate Didn't Save the Lira: What Does That Mean for Iranians?

Global & Regional Equity Indices: From the S&P 500 to Tadawul and Borsa Istanbul

How China's Yuan and Iran's Oil Are Tied Together

Valuing a Stock With Three Tools: Where NAV, Forward P/E and P/S Each Break Down

Dollar-Linked and Rial-Based Stocks: How the Exchange Rate and World Prices Enter a Company's Profit

Futures and Options: How Leverage, Margin and the Margin Call Actually Work

What Is the Iran Mercantile Exchange: From Physical Auctions to Deposit Certificates and Standard Parallel Forward Sales

Central Bank Monetary Policy: How the Interbank Rate and Open Market Operations Move Markets

What Is Government Budget Deficit and Fiscal Dominance, and Why Does It Reach Both Inflation and the Stock Market?

Sanctions Mechanics: Why Moving Money Under Sanctions Costs More

Housing Boom and Bust Cycles: What the Price-to-Rent Ratio Tells You

The Steel and Materials Chain: From Iron Ore to Rebar on the Iran Mercantile Exchange, and Its Footprint in Housing Costs

What Is Intermarket Analysis: How Long Do Iran's Dollar, Gold, Stocks and Housing Take to React?

Portfolio Risk Management, From Time Horizon to Scenario Planning and Rebalancing

Four Channels That Connect the Global Economy to Iran's Markets: From the Fed's Rate to Oil Prices

Who Sets OPEC+ Oil Quotas? The Monitoring Committee and Russia's Role

Why Did the Global Ounce Fall While the Coin Got More Expensive?

What Are Secondary Sanctions; How Do OFAC and the FATF Work?

What Is a Money Corridor? How Hawala, the Dirham and Tether Move Money

The Neighbors' Markets: How Does Iran Connect to the Persian Gulf, Iraq, the Caucasus and Central Asia?