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






2. Planning to Fail






3. How long do swing traders hold positions?






4. Smallest trading amount






5. Prices include all public info






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






7. Prices reflect historical information






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






9. Prices reflect historical information






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






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






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






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






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






15. .01






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






17. Foriegn Exchange - more active in the afternoon






18. Chicago Mercantile Exchange






19. 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.






20. Foriegn Exchange - more active in the afternoon






21. Chicago Mercantile Exchange






22. Smallest trading amount






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






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






25. Planning to Fail






26. How long do swing traders hold positions?






27. Everything including inside information is represented in the price






28. 1/8 of a dollar






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






30. .0001






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






32. Prices include all public info






33. New York Stock Exchange






34. .0001






35. 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.






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






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






38. New York Stock Exchange






39. .01






40. 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






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






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






43. 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






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






45. Everything including inside information is represented in the price






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






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






48. 1/8 of a dollar