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. Someone who commits capital in order to gain financial returns






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






3. 1/8 of a dollar






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






5. Smallest trading amount






6. Prices reflect historical information






7. .0001






8. 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.






9. 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






10. .01






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






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






13. Foriegn Exchange - more active in the afternoon






14. .01






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






16. Chicago Mercantile Exchange






17. 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






18. Foriegn Exchange - more active in the afternoon






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






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






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






22. .0001






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






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






25. Prices include all public info






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






27. Prices include all public info






28. 1/8 of a dollar






29. Planning to Fail






30. Planning to Fail






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






32. Smallest trading amount






33. Everything including inside information is represented in the price






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






35. Everything including inside information is represented in the price






36. 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.






37. New York Stock Exchange






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






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






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






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






42. How long do swing traders hold positions?






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






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






45. Chicago Mercantile Exchange






46. New York Stock Exchange






47. Prices reflect historical information






48. How long do swing traders hold positions?