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Test your basic knowledge |
Day Trading
Start Test
Study First
Subjects
:
industries
,
business-skills
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. A statistical measure of the dispersion of returns for a given security or market index
Volatility
Failing to plan is...
ForEx
points
2. Prices reflect historical information
Derivatives
ForEx
weak-form
NYSE
3. How long do swing traders hold positions?
Days to weeks
Volatility
Stock
semi-strong form
4. .0001
Derivatives
Risk-Return trade off
points
Pips
5. The nearly simultaneous purchase and sale of an asset in order to profit from price discrepancies.
Commodities
Arbitrage
CME
Capital
6. Someone who commits capital in order to gain financial returns
NYSE
liquidity
Investor
Strong form
7. 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
Ticks
Day Trader
Stock
Volatility
8. Planning to Fail
weak-form
Day Trader
liquidity
Failing to plan is...
9. Chicago Mercantile Exchange
CME
points
teenies
Pips
10. Is the ability to buy or sell in large quantities without changing the price
liquidity
Friend
CME
Investor
11. .01
points
Days to weeks
semi-strong form
Risk-Return trade off
12. How long do swing traders hold positions?
Days to weeks
Only 1 day everything is sold at the end of the day.
liquidity
weak-form
13. Planning to Fail
Failing to plan is...
Capital
Arbitrage
Arbitrage
14. 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.
CME
NYSE
points
Derivatives
15. Wealth in the form of money or property owned by a person or business and human resources of economic value
Arbitrage
Investor
weak-form
Capital
16. The amount of time a Day trader holds his securities.
Days to weeks
Only 1 day everything is sold at the end of the day.
points
CME
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.
Strong form
CME
Derivatives
Day Trader
18. Chicago Mercantile Exchange
CME
Commodities
liquidity
Derivatives
19. Basic interchangeable goods sold in bulk and used to make other goods - ie gold - oil - or lumber
Only 1 day everything is sold at the end of the day.
teenies
Stock
Commodities
20. New York Stock Exchange
Arbitrage
ForEx
NYSE
weak-form
21. The amount of time a Day trader holds his securities.
Day Trader
points
Investor
Only 1 day everything is sold at the end of the day.
22. A certificate documenting the shareholder's ownership in the corporation
points
Arbitrage
Failing to plan is...
Stock
23. A certificate documenting the shareholder's ownership in the corporation
teenies
semi-strong form
Day Trader
Stock
24. Is the ability to buy or sell in large quantities without changing the price
ForEx
liquidity
NYSE
Days to weeks
25. Everything including inside information is represented in the price
CME
Strong form
Volatility
Investor
26. Everything including inside information is represented in the price
teenies
CME
teenies
Strong form
27. 1/8 of a dollar
Derivatives
liquidity
Strong form
teenies
28. The Trend is your ________ - those who fight the market lose.
Commodities
Capital
Friend
semi-strong form
29. Smallest trading amount
CME
ForEx
Stock
Ticks
30. The Trend is your ________ - those who fight the market lose.
Strong form
Friend
Only 1 day everything is sold at the end of the day.
liquidity
31. .01
Commodities
semi-strong form
points
Pips
32. Basic interchangeable goods sold in bulk and used to make other goods - ie gold - oil - or lumber
Day Trader
Volatility
Friend
Commodities
33. 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
liquidity
Day Trader
Ticks
Risk-Return trade off
34. Prices include all public info
Commodities
points
Friend
semi-strong form
35. Wealth in the form of money or property owned by a person or business and human resources of economic value
teenies
Commodities
Capital
Stock
36. Smallest trading amount
liquidity
Ticks
Friend
CME
37. A statistical measure of the dispersion of returns for a given security or market index
Volatility
Capital
Commodities
Day Trader
38. Prices reflect historical information
ForEx
CME
weak-form
Arbitrage
39. The nearly simultaneous purchase and sale of an asset in order to profit from price discrepancies.
Arbitrage
Volatility
Capital
weak-form
40. The more you risk the more you can gain - thus the greater amount of possible loss.
Risk-Return trade off
Ticks
NYSE
Strong form
41. New York Stock Exchange
Days to weeks
points
NYSE
teenies
42. Prices include all public info
Capital
CME
semi-strong form
points
43. .0001
Day Trader
Strong form
Volatility
Pips
44. 1/8 of a dollar
Ticks
teenies
CME
weak-form
45. Foriegn Exchange - more active in the afternoon
Pips
semi-strong form
ForEx
Commodities
46. Foriegn Exchange - more active in the afternoon
ForEx
NYSE
Investor
liquidity
47. Someone who commits capital in order to gain financial returns
Investor
Arbitrage
liquidity
Friend
48. The more you risk the more you can gain - thus the greater amount of possible loss.
teenies
Friend
points
Risk-Return trade off