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Test your basic knowledge |
Day Trading
Start Test
Study First
Subjects
:
industries
,
business-skills
Instructions:
Answer 48 questions in 15 minutes.
If you are not ready to take this test, you can
study here
.
Match each statement with the correct term.
Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.
This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. The more you risk the more you can gain - thus the greater amount of possible loss.
Investor
Risk-Return trade off
points
Investor
2. Smallest trading amount
liquidity
CME
weak-form
Ticks
3. Chicago Mercantile Exchange
Arbitrage
Friend
CME
NYSE
4. Everything including inside information is represented in the price
teenies
Strong form
CME
CME
5. Basic interchangeable goods sold in bulk and used to make other goods - ie gold - oil - or lumber
Investor
CME
Capital
Commodities
6. A statistical measure of the dispersion of returns for a given security or market index
Risk-Return trade off
Pips
Volatility
Stock
7. New York Stock Exchange
Only 1 day everything is sold at the end of the day.
Risk-Return trade off
NYSE
Investor
8. New York Stock Exchange
NYSE
weak-form
Ticks
Day Trader
9. A certificate documenting the shareholder's ownership in the corporation
Stock
liquidity
Strong form
CME
10. Chicago Mercantile Exchange
Ticks
Derivatives
Friend
CME
11. .0001
Commodities
Stock
weak-form
Pips
12. .01
Strong form
Only 1 day everything is sold at the end of the day.
Derivatives
points
13. Is the ability to buy or sell in large quantities without changing the price
Investor
liquidity
Volatility
Only 1 day everything is sold at the end of the day.
14. Complex financial contracts used to hedge against risks. Credit default swaps - or contracts that allow investors to make bets on the likelihood a company will be unable to pay its debts - are a form of derivatives.
Days to weeks
Derivatives
Day Trader
Pips
15. Planning to Fail
Ticks
Failing to plan is...
weak-form
Stock
16. .01
Only 1 day everything is sold at the end of the day.
Days to weeks
points
Risk-Return trade off
17. How long do swing traders hold positions?
Commodities
Failing to plan is...
Stock
Days to weeks
18. Prices reflect historical information
weak-form
Risk-Return trade off
Pips
semi-strong form
19. The nearly simultaneous purchase and sale of an asset in order to profit from price discrepancies.
points
weak-form
Capital
Arbitrage
20. Foriegn Exchange - more active in the afternoon
ForEx
semi-strong form
Ticks
Commodities
21. Everything including inside information is represented in the price
Ticks
Friend
Volatility
Strong form
22. Prices reflect historical information
weak-form
Strong form
ForEx
points
23. A statistical measure of the dispersion of returns for a given security or market index
Capital
Investor
Volatility
Pips
24. Foriegn Exchange - more active in the afternoon
Investor
Derivatives
Friend
ForEx
25. A trader who tries to profit from short-term price movements during trading hours in any day - but offsets the initial position before market closing so that no position remains outstanding overnight
semi-strong form
Commodities
Volatility
Day Trader
26. Smallest trading amount
Ticks
Pips
Pips
NYSE
27. How long do swing traders hold positions?
Days to weeks
semi-strong form
Derivatives
NYSE
28. Prices include all public info
Derivatives
ForEx
Days to weeks
semi-strong form
29. A certificate documenting the shareholder's ownership in the corporation
ForEx
Investor
Commodities
Stock
30. Prices include all public info
weak-form
ForEx
semi-strong form
weak-form
31. Planning to Fail
Capital
points
CME
Failing to plan is...
32. The Trend is your ________ - those who fight the market lose.
Pips
Friend
Commodities
Days to weeks
33. A trader who tries to profit from short-term price movements during trading hours in any day - but offsets the initial position before market closing so that no position remains outstanding overnight
Risk-Return trade off
semi-strong form
teenies
Day Trader
34. Basic interchangeable goods sold in bulk and used to make other goods - ie gold - oil - or lumber
Commodities
Only 1 day everything is sold at the end of the day.
Stock
NYSE
35. .0001
points
Pips
Investor
points
36. Wealth in the form of money or property owned by a person or business and human resources of economic value
Risk-Return trade off
CME
Arbitrage
Capital
37. Someone who commits capital in order to gain financial returns
Arbitrage
Ticks
points
Investor
38. The more you risk the more you can gain - thus the greater amount of possible loss.
Failing to plan is...
Days to weeks
Risk-Return trade off
Strong form
39. The Trend is your ________ - those who fight the market lose.
liquidity
Friend
Arbitrage
Day Trader
40. Someone who commits capital in order to gain financial returns
liquidity
Friend
Stock
Investor
41. 1/8 of a dollar
Stock
Volatility
CME
teenies
42. 1/8 of a dollar
Pips
Arbitrage
teenies
Capital
43. The amount of time a Day trader holds his securities.
Arbitrage
Only 1 day everything is sold at the end of the day.
teenies
Commodities
44. The nearly simultaneous purchase and sale of an asset in order to profit from price discrepancies.
Only 1 day everything is sold at the end of the day.
NYSE
Capital
Arbitrage
45. Wealth in the form of money or property owned by a person or business and human resources of economic value
Failing to plan is...
weak-form
Stock
Capital
46. The amount of time a Day trader holds his securities.
Arbitrage
semi-strong form
Only 1 day everything is sold at the end of the day.
Ticks
47. Is the ability to buy or sell in large quantities without changing the price
weak-form
Volatility
Volatility
liquidity
48. Complex financial contracts used to hedge against risks. Credit default swaps - or contracts that allow investors to make bets on the likelihood a company will be unable to pay its debts - are a form of derivatives.
Derivatives
Capital
Strong form
Strong form