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. Smallest trading amount






3. Chicago Mercantile Exchange






4. Everything including inside information is represented in the price






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






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






7. New York Stock Exchange






8. New York Stock Exchange






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






10. Chicago Mercantile Exchange






11. .0001






12. .01






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






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. Planning to Fail






16. .01






17. How long do swing traders hold positions?






18. Prices reflect historical information






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






20. Foriegn Exchange - more active in the afternoon






21. Everything including inside information is represented in the price






22. Prices reflect historical information






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






24. Foriegn Exchange - more active in the afternoon






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. How long do swing traders hold positions?






28. Prices include all public info






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






30. Prices include all public info






31. Planning to Fail






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






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






35. .0001






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






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






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






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






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






41. 1/8 of a dollar






42. 1/8 of a dollar






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






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






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






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






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






48. 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.