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






2. 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






3. Prices reflect historical information






4. Foriegn Exchange - more active in the afternoon






5. 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






6. 1/8 of a dollar






7. Everything including inside information is represented in the price






8. .01






9. Smallest trading amount






10. .0001






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






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






13. New York Stock Exchange






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






15. Chicago Mercantile Exchange






16. Planning to Fail






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






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






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






20. Foriegn Exchange - more active in the afternoon






21. Everything including inside information is represented in the price






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






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






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






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






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






27. Prices reflect historical information






28. How long do swing traders hold positions?






29. How long do swing traders hold positions?






30. Smallest trading amount






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






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






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






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






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






36. .0001






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






38. Planning to Fail






39. Prices include all public info






40. .01






41. 1/8 of a dollar






42. 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.






43. Chicago Mercantile Exchange






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






45. Prices include all public info






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






47. New York Stock Exchange






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.