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. 1/8 of a dollar






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






3. How long do swing traders hold positions?






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






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






6. Everything including inside information is represented in the price






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






8. .01






9. Chicago Mercantile Exchange






10. Prices include all public info






11. Planning to Fail






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






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






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






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






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






17. New York Stock Exchange






18. 1/8 of a dollar






19. .0001






20. Foriegn Exchange - more active in the afternoon






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






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






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






24. Chicago Mercantile Exchange






25. 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






26. Smallest trading amount






27. Foriegn Exchange - more active in the afternoon






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






29. Smallest trading amount






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. Prices reflect historical information






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






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






34. .0001






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






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






37. 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.






38. .01






39. Planning to Fail






40. Prices reflect historical information






41. 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.






42. How long do swing traders hold positions?






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






44. New York Stock Exchange






45. Everything including inside information is represented in the price






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






47. Prices include all public info






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