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. Everything including inside information is represented in the price






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






3. Everything including inside information is represented in the price






4. .01






5. 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






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






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






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. 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.






10. .0001






11. How long do swing traders hold positions?






12. Chicago Mercantile Exchange






13. Smallest trading amount






14. Chicago Mercantile Exchange






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






16. Smallest trading amount






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






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






19. .0001






20. Planning to Fail






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






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






23. Foriegn Exchange - more active in the afternoon






24. Prices include all public info






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






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






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






28. Prices include all public info






29. 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






30. How long do swing traders hold positions?






31. Prices reflect historical information






32. New York Stock Exchange






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






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






35. 1/8 of a dollar






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






37. Planning to Fail






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






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






40. Foriegn Exchange - more active in the afternoon






41. Prices reflect historical information






42. 1/8 of a dollar






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






44. .01






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






46. New York Stock Exchange






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






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