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. Prices reflect historical information






2. Foriegn Exchange - more active in the afternoon






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






4. 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






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






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






7. How long do swing traders hold positions?






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






9. Prices include all public info






10. Chicago Mercantile Exchange






11. Smallest trading amount






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






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






14. Planning to Fail






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






16. New York Stock Exchange






17. Prices include all public info






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






19. 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.






20. 1/8 of a dollar






21. .0001






22. 1/8 of a dollar






23. Prices reflect historical information






24. Everything including inside information is represented in the price






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






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






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






28. .0001






29. How long do swing traders hold positions?






30. Chicago Mercantile Exchange






31. 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






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






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






34. Everything including inside information is represented in the price






35. Planning to Fail






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






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






38. .01






39. Foriegn Exchange - more active in the afternoon






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






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






42. New York Stock Exchange






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






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






45. 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.






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






47. Smallest trading amount






48. .01