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






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






3. Planning to Fail






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






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






6. Everything including inside information is represented in the price






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






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






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






10. Planning to Fail






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






12. New York Stock Exchange






13. 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.






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






15. Chicago Mercantile Exchange






16. Foriegn Exchange - more active in the afternoon






17. Chicago Mercantile Exchange






18. How long do swing traders hold positions?






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






20. Prices include all public info






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






22. Everything including inside information is represented in the price






23. How long do swing traders hold positions?






24. Smallest trading amount






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






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






27. .01






28. 1/8 of a dollar






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






30. .0001






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






32. 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






33. Foriegn Exchange - more active in the afternoon






34. 1/8 of a dollar






35. .0001






36. Prices reflect historical information






37. 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.






38. Prices include all public info






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






40. 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






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






42. Smallest trading amount






43. New York Stock Exchange






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






47. .01






48. Prices reflect historical information