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Test your basic knowledge |
Day Trading
Start Test
Study First
Subjects
:
industries
,
business-skills
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 more you risk the more you can gain - thus the greater amount of possible loss.
ForEx
Strong form
Failing to plan is...
Risk-Return trade off
2. Everything including inside information is represented in the price
Commodities
Strong form
points
Volatility
3. 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.
teenies
Ticks
Arbitrage
Derivatives
4. Planning to Fail
weak-form
semi-strong form
Failing to plan is...
Pips
5. A certificate documenting the shareholder's ownership in the corporation
CME
teenies
Stock
Strong form
6. Planning to Fail
Risk-Return trade off
Friend
points
Failing to plan is...
7. 1/8 of a dollar
teenies
NYSE
Volatility
Commodities
8. Prices reflect historical information
Failing to plan is...
ForEx
Day Trader
weak-form
9. Basic interchangeable goods sold in bulk and used to make other goods - ie gold - oil - or lumber
Commodities
Day Trader
NYSE
Failing to plan is...
10. 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
points
Stock
Ticks
Day Trader
11. Prices include all public info
Ticks
Capital
semi-strong form
points
12. Is the ability to buy or sell in large quantities without changing the price
Ticks
liquidity
Commodities
points
13. The Trend is your ________ - those who fight the market lose.
Volatility
Friend
Commodities
Capital
14. Chicago Mercantile Exchange
Days to weeks
CME
Friend
weak-form
15. 1/8 of a dollar
points
teenies
NYSE
Only 1 day everything is sold at the end of the day.
16. The nearly simultaneous purchase and sale of an asset in order to profit from price discrepancies.
teenies
Arbitrage
Friend
Capital
17. How long do swing traders hold positions?
Stock
Risk-Return trade off
Days to weeks
weak-form
18. Smallest trading amount
ForEx
points
Only 1 day everything is sold at the end of the day.
Ticks
19. New York Stock Exchange
Only 1 day everything is sold at the end of the day.
Stock
points
NYSE
20. .01
points
Strong form
Volatility
Volatility
21. A statistical measure of the dispersion of returns for a given security or market index
Capital
Volatility
Strong form
CME
22. The amount of time a Day trader holds his securities.
Only 1 day everything is sold at the end of the day.
weak-form
Derivatives
Pips
23. Chicago Mercantile Exchange
CME
Investor
Arbitrage
Risk-Return trade off
24. Is the ability to buy or sell in large quantities without changing the price
liquidity
Commodities
Day Trader
points
25. .0001
Pips
Volatility
Arbitrage
points
26. A statistical measure of the dispersion of returns for a given security or market index
ForEx
Strong form
Volatility
NYSE
27. Prices include all public info
semi-strong form
Failing to plan is...
Pips
Arbitrage
28. Smallest trading amount
Ticks
weak-form
Investor
Arbitrage
29. .01
points
Risk-Return trade off
Investor
liquidity
30. Someone who commits capital in order to gain financial returns
Commodities
Arbitrage
Investor
Stock
31. Everything including inside information is represented in the price
NYSE
Arbitrage
NYSE
Strong form
32. Wealth in the form of money or property owned by a person or business and human resources of economic value
Derivatives
weak-form
Capital
Arbitrage
33. A certificate documenting the shareholder's ownership in the corporation
NYSE
Failing to plan is...
Commodities
Stock
34. The nearly simultaneous purchase and sale of an asset in order to profit from price discrepancies.
Failing to plan is...
Capital
Ticks
Arbitrage
35. .0001
NYSE
Volatility
Pips
Derivatives
36. Foriegn Exchange - more active in the afternoon
semi-strong form
Investor
Pips
ForEx
37. 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.
Investor
Only 1 day everything is sold at the end of the day.
Derivatives
semi-strong form
38. How long do swing traders hold positions?
Arbitrage
Volatility
Days to weeks
CME
39. Basic interchangeable goods sold in bulk and used to make other goods - ie gold - oil - or lumber
Day Trader
semi-strong form
Friend
Commodities
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
Day Trader
NYSE
Failing to plan is...
points
41. The Trend is your ________ - those who fight the market lose.
Ticks
Friend
weak-form
Ticks
42. Wealth in the form of money or property owned by a person or business and human resources of economic value
Ticks
CME
Volatility
Capital
43. The amount of time a Day trader holds his securities.
Failing to plan is...
Only 1 day everything is sold at the end of the day.
ForEx
semi-strong form
44. Foriegn Exchange - more active in the afternoon
weak-form
Only 1 day everything is sold at the end of the day.
ForEx
points
45. Someone who commits capital in order to gain financial returns
CME
Investor
Risk-Return trade off
Strong form
46. New York Stock Exchange
NYSE
Pips
Strong form
ForEx
47. The more you risk the more you can gain - thus the greater amount of possible loss.
Friend
Investor
Risk-Return trade off
ForEx
48. Prices reflect historical information
Day Trader
Stock
weak-form
points