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






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






3. .01






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






5. Planning to Fail






6. 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.






7. 1/8 of a dollar






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






9. New York Stock Exchange






10. 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






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






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






13. 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.






14. Prices reflect historical information






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






16. Smallest trading amount






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






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






19. Everything including inside information is represented in the price






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






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






22. Prices include all public info






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






24. .0001






25. Everything including inside information is represented in the price






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






27. 1/8 of a dollar






28. How long do swing traders hold positions?






29. Prices include all public info






30. Foriegn Exchange - more active in the afternoon






31. Chicago Mercantile Exchange






32. Chicago Mercantile Exchange






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






34. Prices reflect historical information






35. New York Stock Exchange






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






37. Smallest trading amount






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






39. How long do swing traders hold positions?






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






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






42. Foriegn Exchange - more active in the afternoon






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






44. .0001






45. Planning to Fail






46. 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






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






48. .01