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. .0001






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






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






4. 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






5. Foriegn Exchange - more active in the afternoon






6. Everything including inside information is represented in the price






7. Prices reflect historical information






8. Prices include all public info






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






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






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






13. Chicago Mercantile Exchange






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






15. New York Stock Exchange






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






17. 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






18. How long do swing traders hold positions?






19. Foriegn Exchange - more active in the afternoon






20. How long do swing traders hold positions?






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






22. Smallest trading amount






23. .01






24. Planning to Fail






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






26. 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.






27. Planning to Fail






28. Smallest trading amount






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






30. Prices include all public info






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






32. .0001






33. New York Stock Exchange






34. .01






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






36. 1/8 of a dollar






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






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






39. Everything including inside information is represented in the price






40. Chicago Mercantile Exchange






41. Prices reflect historical information






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






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






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






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






46. 1/8 of a dollar






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






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