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. Foriegn Exchange - more active in the afternoon






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






3. New York Stock Exchange






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






5. 1/8 of a dollar






6. How long do swing traders hold positions?






7. New York Stock Exchange






8. 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






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






10. Prices include all public info






11. Chicago Mercantile Exchange






12. How long do swing traders hold positions?






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






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






15. .0001






16. Planning to Fail






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






18. Smallest trading amount






19. Smallest trading amount






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






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






22. .01






23. 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.






24. 1/8 of a dollar






25. 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






26. Everything including inside information is represented in the price






27. Prices reflect historical information






28. 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.






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






30. Foriegn Exchange - more active in the afternoon






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






32. Planning to Fail






33. Prices reflect historical information






34. Prices include all public info






35. .01






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






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






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






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






40. Everything including inside information is represented in the price






41. Chicago Mercantile Exchange






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






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






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






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






46. .0001






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






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