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. Prices reflect historical information






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






3. Everything including inside information is represented in the price






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






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






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






7. Smallest trading amount






8. Chicago Mercantile Exchange






9. Smallest trading amount






10. 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






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






12. Foriegn Exchange - more active in the afternoon






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






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






15. 1/8 of a dollar






16. 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






17. Planning to Fail






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






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






20. New York Stock Exchange






21. 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.






22. .01






23. How long do swing traders hold positions?






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






25. New York Stock Exchange






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






27. .01






28. Foriegn Exchange - more active in the afternoon






29. Prices include all public info






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






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






32. 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.






33. Everything including inside information is represented in the price






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






35. .0001






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






37. .0001






38. How long do swing traders hold positions?






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






40. Chicago Mercantile Exchange






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






42. Prices reflect historical information






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






44. Prices include all public info






45. Planning to Fail






46. 1/8 of a dollar






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






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