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






2. 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






3. How long do swing traders hold positions?






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






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






6. Prices include all public info






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






8. Chicago Mercantile Exchange






9. Planning to Fail






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






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






12. .01






13. Everything including inside information is represented in the price






14. Prices reflect historical information






15. Chicago Mercantile Exchange






16. Smallest trading amount






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






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






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. 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






21. Planning to Fail






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






23. Foriegn Exchange - more active in the afternoon






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






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






26. Everything including inside information is represented in the price






27. .0001






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






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






30. 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.






31. 1/8 of a dollar






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






33. Prices reflect historical information






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






35. Foriegn Exchange - more active in the afternoon






36. New York Stock Exchange






37. Prices include all public info






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






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






40. 1/8 of a dollar






41. How long do swing traders hold positions?






42. .01






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






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






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






46. New York Stock Exchange






47. .0001






48. Smallest trading amount