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. .01






2. Prices include all public info






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






4. Chicago Mercantile Exchange






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






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






7. Planning to Fail






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






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






11. Foriegn Exchange - more active in the afternoon






12. How long do swing traders hold positions?






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






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






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






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






17. 1/8 of a dollar






18. 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.






19. Everything including inside information is represented in the price






20. 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






21. Prices include all public info






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






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






24. .0001






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






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






27. Smallest trading amount






28. Planning to Fail






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






30. New York Stock Exchange






31. Everything including inside information is represented in the price






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






33. .0001






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






35. 1/8 of a dollar






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






37. .01






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






39. Foriegn Exchange - more active in the afternoon






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






41. Chicago Mercantile Exchange






42. 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.






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






44. How long do swing traders hold positions?






45. Prices reflect historical information






46. Smallest trading amount






47. New York Stock Exchange






48. Prices reflect historical information