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 amount of time a Day trader holds his securities.






2. 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






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






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






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






6. Smallest trading amount






7. Chicago Mercantile Exchange






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






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






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






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






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






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






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






15. Prices reflect historical information






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. New York Stock Exchange






18. 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






19. Prices include all public info






20. Planning to Fail






21. Everything including inside information is represented in the price






22. .01






23. New York Stock Exchange






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






25. 1/8 of a dollar






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






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






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






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






30. Prices include all public info






31. Foriegn Exchange - more active in the afternoon






32. Planning to Fail






33. 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.






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






35. 1/8 of a dollar






36. How long do swing traders hold positions?






37. Smallest trading amount






38. Chicago Mercantile Exchange






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






40. .0001






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






42. .01






43. Everything including inside information is represented in the price






44. Prices reflect historical information






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






46. Foriegn Exchange - more active in the afternoon






47. .0001






48. How long do swing traders hold positions?