Test your basic knowledge |

Day Trading

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. Someone who commits capital in order to gain financial returns






2. .0001






3. Smallest trading amount






4. Prices include all public info






5. How long do swing traders hold positions?






6. A certificate documenting the shareholder's ownership in the corporation






7. The amount of time a Day trader holds his securities.






8. 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






9. 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.






10. Everything including inside information is represented in the price






11. New York Stock Exchange






12. How long do swing traders hold positions?






13. Basic interchangeable goods sold in bulk and used to make other goods - ie gold - oil - or lumber






14. The amount of time a Day trader holds his securities.






15. Planning to Fail






16. Everything including inside information is represented in the price






17. .01






18. Foriegn Exchange - more active in the afternoon






19. The nearly simultaneous purchase and sale of an asset in order to profit from price discrepancies.






20. .01






21. Basic interchangeable goods sold in bulk and used to make other goods - ie gold - oil - or lumber






22. Someone who commits capital in order to gain financial returns






23. Chicago Mercantile Exchange






24. Prices reflect historical information






25. The Trend is your ________ - those who fight the market lose.






26. Planning to Fail






27. Foriegn Exchange - more active in the afternoon






28. Prices include all public info






29. 1/8 of a dollar






30. The more you risk the more you can gain - thus the greater amount of possible loss.






31. 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.






32. The nearly simultaneous purchase and sale of an asset in order to profit from price discrepancies.






33. The more you risk the more you can gain - thus the greater amount of possible loss.






34. New York Stock Exchange






35. .0001






36. 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






37. The Trend is your ________ - those who fight the market lose.






38. A certificate documenting the shareholder's ownership in the corporation






39. Is the ability to buy or sell in large quantities without changing the price






40. Is the ability to buy or sell in large quantities without changing the price






41. A statistical measure of the dispersion of returns for a given security or market index






42. Wealth in the form of money or property owned by a person or business and human resources of economic value






43. 1/8 of a dollar






44. Smallest trading amount






45. Wealth in the form of money or property owned by a person or business and human resources of economic value






46. A statistical measure of the dispersion of returns for a given security or market index






47. Chicago Mercantile Exchange






48. Prices reflect historical information