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






2. Prices reflect historical information






3. How long do swing traders hold positions?






4. .0001






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






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






7. 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






8. Planning to Fail






9. Chicago Mercantile Exchange






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






11. .01






12. How long do swing traders hold positions?






13. Planning to Fail






14. 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.






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






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






17. 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.






18. Chicago Mercantile Exchange






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






20. New York Stock Exchange






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






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






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






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






25. Everything including inside information is represented in the price






26. Everything including inside information is represented in the price






27. 1/8 of a dollar






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






29. Smallest trading amount






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






31. .01






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






33. 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






34. Prices include all public info






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






36. Smallest trading amount






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






38. Prices reflect historical information






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






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






41. New York Stock Exchange






42. Prices include all public info






43. .0001






44. 1/8 of a dollar






45. Foriegn Exchange - more active in the afternoon






46. Foriegn Exchange - more active in the afternoon






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






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