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






2. Foriegn Exchange - more active in the afternoon






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






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






5. Everything including inside information is represented in the price






6. How long do swing traders hold positions?






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






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






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






11. Chicago Mercantile Exchange






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






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






14. Smallest trading amount






15. Everything including inside information is represented in the price






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






17. Chicago Mercantile Exchange






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






19. 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






20. Smallest trading amount






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






22. Prices include all public info






23. .01






24. Planning to Fail






25. 1/8 of a dollar






26. Planning to Fail






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






28. 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.






29. Prices include all public info






30. .0001






31. 1/8 of a dollar






32. Foriegn Exchange - more active in the afternoon






33. New York Stock Exchange






34. How long do swing traders hold positions?






35. .0001






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






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






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






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






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






41. New York Stock Exchange






42. .01






43. Prices reflect historical information






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






45. Prices reflect historical information






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






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






48. 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