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






2. .01






3. Chicago Mercantile Exchange






4. .01






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






6. Chicago Mercantile Exchange






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






8. Foriegn Exchange - more active in the afternoon






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






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






11. Prices include all public info






12. New York Stock Exchange






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






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






15. Planning to Fail






16. 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.






17. Planning to Fail






18. Smallest trading amount






19. Foriegn Exchange - more active in the afternoon






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. 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






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






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






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






25. 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.






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






27. How long do swing traders hold positions?






28. New York Stock Exchange






29. 1/8 of a dollar






30. 1/8 of a dollar






31. .0001






32. Smallest trading amount






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






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






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






36. .0001






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






38. Prices reflect historical information






39. Prices include all public info






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






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






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






43. Everything including inside information is represented in the price






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






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






46. Prices reflect historical information






47. How long do swing traders hold positions?






48. Everything including inside information is represented in the price