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






2. Prices include all public info






3. Prices reflect historical information






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






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






6. .0001






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






8. 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






9. Smallest trading amount






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






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






12. Everything including inside information is represented in the price






13. How long do swing traders hold positions?






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






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






16. .01






17. Prices include all public info






18. Chicago Mercantile Exchange






19. 1/8 of a dollar






20. 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.






21. .0001






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






23. 1/8 of a dollar






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






25. New York Stock Exchange






26. Everything including inside information is represented in the price






27. How long do swing traders hold positions?






28. 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






29. Chicago Mercantile Exchange






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






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






32. Planning to Fail






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






34. Prices reflect historical information






35. Foriegn Exchange - more active in the afternoon






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






37. Foriegn Exchange - more active in the afternoon






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






39. Planning to Fail






40. New York Stock Exchange






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






42. 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.






43. Smallest trading amount






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






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. .01






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