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. Planning to Fail






2. 1/8 of a dollar






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






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






5. .01






6. Smallest trading amount






7. Chicago Mercantile Exchange






8. .0001






9. .0001






10. New York Stock Exchange






11. How long do swing traders hold positions?






12. Everything including inside information is represented in the price






13. 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






14. Foriegn Exchange - more active in the afternoon






15. Prices reflect historical information






16. Chicago Mercantile Exchange






17. Everything including inside information is represented in the price






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






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






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. Someone who commits capital in order to gain financial returns






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






23. New York Stock Exchange






24. Planning to Fail






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






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






27. 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






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






29. Foriegn Exchange - more active in the afternoon






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






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






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






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






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






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






36. .01






37. Smallest trading amount






38. 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.






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






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






41. Prices include all public info






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






43. Prices reflect historical information






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






45. 1/8 of a dollar






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






47. How long do swing traders hold positions?






48. Prices include all public info