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. Prices reflect historical information






2. Foriegn Exchange - more active in the afternoon






3. .0001






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






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






6. Smallest trading amount






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






8. 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.






9. Smallest trading amount






10. How long do swing traders hold positions?






11. Prices include all public info






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






13. 1/8 of a dollar






14. Prices include all public info






15. 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






16. New York Stock Exchange






17. How long do swing traders hold positions?






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






19. Planning to Fail






20. 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






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






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






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






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






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






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






27. New York Stock Exchange






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






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






30. Chicago Mercantile Exchange






31. .01






32. 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.






33. Everything including inside information is represented in the price






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






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






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






37. 1/8 of a dollar






38. Chicago Mercantile Exchange






39. Everything including inside information is represented in the price






40. .0001






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






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






43. .01






44. Foriegn Exchange - more active in the afternoon






45. Planning to Fail






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






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






48. Prices reflect historical information