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






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






3. Smallest trading amount






4. 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






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






6. Smallest trading amount






7. .0001






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






9. Chicago Mercantile Exchange






10. Prices reflect historical information






11. 1/8 of a dollar






12. Everything including inside information is represented in the price






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






14. 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.






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






16. Planning to Fail






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






18. Everything including inside information is represented in the price






19. New York Stock Exchange






20. How long do swing traders hold positions?






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






22. Prices reflect historical information






23. Prices include all public info






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






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






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






27. 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.






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






29. Foriegn Exchange - more active in the afternoon






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






31. 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






32. Planning to Fail






33. 1/8 of a dollar






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






35. .01






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






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






38. .0001






39. .01






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






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






42. Prices include all public info






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






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






45. Chicago Mercantile Exchange






46. New York Stock Exchange






47. Foriegn Exchange - more active in the afternoon






48. How long do swing traders hold positions?