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. Everything including inside information is represented in the price






3. 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.






4. Planning to Fail






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






6. Planning to Fail






7. 1/8 of a dollar






8. Prices reflect historical information






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






10. 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






11. Prices include all public info






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






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






14. Chicago Mercantile Exchange






15. 1/8 of a dollar






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






17. How long do swing traders hold positions?






18. Smallest trading amount






19. New York Stock Exchange






20. .01






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






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






23. Chicago Mercantile Exchange






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






25. .0001






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






27. Prices include all public info






28. Smallest trading amount






29. .01






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






31. Everything including inside information is represented in the price






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






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






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






35. .0001






36. Foriegn Exchange - more active in the afternoon






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. How long do swing traders hold positions?






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






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






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






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






44. Foriegn Exchange - more active in the afternoon






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






46. New York Stock Exchange






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






48. Prices reflect historical information