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. Smallest trading amount






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






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






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. Chicago Mercantile Exchange






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






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






8. Prices reflect historical information






9. 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.






10. How long do swing traders hold positions?






11. New York Stock Exchange






12. Planning to Fail






13. Smallest trading amount






14. How long do swing traders hold positions?






15. Everything including inside information is represented in the price






16. Foriegn Exchange - more active in the afternoon






17. Prices reflect historical information






18. Prices include all public info






19. .01






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






21. 1/8 of a dollar






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






23. Chicago Mercantile Exchange






24. .0001






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






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






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






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






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






30. .0001






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






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






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






34. .01






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






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






37. Everything including inside information is represented in the price






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






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






40. Planning to Fail






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






42. 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






43. Prices include all public info






44. New York Stock Exchange






45. 1/8 of a dollar






46. 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.






47. Foriegn Exchange - more active in the afternoon






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