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






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






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






5. New York Stock Exchange






6. .0001






7. Everything including inside information is represented in the price






8. Prices reflect historical information






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






10. Foriegn Exchange - more active in the afternoon






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






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






13. 1/8 of a dollar






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






15. Prices reflect historical information






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






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






19. .0001






20. 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.






21. Prices include all public info






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






23. How long do swing traders hold positions?






24. New York Stock Exchange






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






26. .01






27. 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






28. .01






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






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






31. Smallest trading amount






32. Everything including inside information is represented in the price






33. 1/8 of a dollar






34. Planning to Fail






35. Prices include all public info






36. How long do swing traders hold positions?






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






38. Chicago Mercantile Exchange






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






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






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






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






45. Planning to Fail






46. Smallest trading amount






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






48. Foriegn Exchange - more active in the afternoon