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. Prices reflect historical information






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






4. Prices reflect historical information






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






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






8. Chicago Mercantile Exchange






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






10. New York Stock Exchange






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






12. .01






13. How long do swing traders hold positions?






14. Foriegn Exchange - more active in the afternoon






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






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






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






18. Foriegn Exchange - more active in the afternoon






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






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






21. 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






22. .0001






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






24. Prices include all public info






25. Prices include all public info






26. Smallest trading amount






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






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






29. Planning to Fail






30. Everything including inside information is represented in the price






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






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






33. 1/8 of a dollar






34. New York Stock Exchange






35. .0001






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






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






38. Smallest trading amount






39. 1/8 of a dollar






40. Chicago Mercantile Exchange






41. How long do swing traders hold positions?






42. Planning to Fail






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






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






45. 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.






46. 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.






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






48. .01