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






2. Prices reflect historical information






3. 1/8 of a dollar






4. Foriegn Exchange - more active in the afternoon






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






6. .0001






7. Foriegn Exchange - more active in the afternoon






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






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






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






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






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






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. .01






15. Chicago Mercantile Exchange






16. 1/8 of a dollar






17. New York Stock Exchange






18. .0001






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






20. Smallest trading amount






21. Chicago Mercantile Exchange






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






23. How long do swing traders hold positions?






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






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






26. How long do swing traders hold positions?






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






28. Prices include all public info






29. 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






30. 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.






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






32. 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






33. .01






34. Everything including inside information is represented in the price






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






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






37. New York Stock Exchange






38. Prices reflect historical information






39. Prices include all public info






40. Smallest trading amount






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






42. Planning to Fail






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






44. Everything including inside information is represented in the price






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






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






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






48. Planning to Fail