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 amount of time a Day trader holds his securities.






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






3. Smallest trading amount






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






5. .0001






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






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






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






9. Prices include all public info






10. Foriegn Exchange - more active in the afternoon






11. Smallest trading amount






12. New York Stock Exchange






13. Foriegn Exchange - more active in the afternoon






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






15. .01






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






17. 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.






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






19. Chicago Mercantile Exchange






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






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






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






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






24. Planning to Fail






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






26. Everything including inside information is represented in the price






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. Prices reflect historical information






29. How long do swing traders hold positions?






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






31. Prices include all public info






32. 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.






33. New York Stock Exchange






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






35. 1/8 of a dollar






36. Prices reflect historical information






37. How long do swing traders hold positions?






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






39. Everything including inside information is represented in the price






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. Planning to Fail






42. .0001






43. .01






44. Chicago Mercantile Exchange






45. 1/8 of a dollar






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






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






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