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






2. .01






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






4. Chicago Mercantile Exchange






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






6. Chicago Mercantile Exchange






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






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






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






10. Smallest trading amount






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






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






13. Prices reflect historical information






14. Prices include all public info






15. Foriegn Exchange - more active in the afternoon






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. Someone who commits capital in order to gain financial returns






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






19. Planning to Fail






20. .0001






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






22. Smallest trading amount






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






24. Prices include all public info






25. 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.






26. 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.






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






28. Planning to Fail






29. Everything including inside information is represented in the price






30. Foriegn Exchange - more active in the afternoon






31. How long do swing traders hold positions?






32. 1/8 of a dollar






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






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






35. New York Stock Exchange






36. .0001






37. New York Stock Exchange






38. 1/8 of a dollar






39. 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






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






41. Prices reflect historical information






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






43. How long do swing traders hold positions?






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






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






46. .01






47. Everything including inside information is represented in the price






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