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. How long do swing traders hold positions?






2. New York Stock Exchange






3. Planning to Fail






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






5. Prices reflect historical information






6. New York Stock Exchange






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






8. Smallest trading amount






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






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






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






12. Smallest trading amount






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






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






17. .01






18. 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






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






20. Foriegn Exchange - more active in the afternoon






21. 1/8 of a dollar






22. 1/8 of a dollar






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






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






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






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






27. 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.






28. Prices reflect historical information






29. Chicago Mercantile Exchange






30. 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






31. How long do swing traders hold positions?






32. .01






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






34. Chicago Mercantile Exchange






35. Prices include all public info






36. .0001






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






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






39. Planning to Fail






40. Prices include all public info






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






42. Everything including inside information is represented in the price






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






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






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






46. .0001






47. Foriegn Exchange - more active in the afternoon






48. Everything including inside information is represented in the price