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






3. Prices include all public info






4. Chicago Mercantile Exchange






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






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






7. How long do swing traders hold positions?






8. 1/8 of a dollar






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






10. .01






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






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






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






14. Foriegn Exchange - more active in the afternoon






15. Planning to Fail






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






17. Chicago Mercantile Exchange






18. Everything including inside information is represented in the price






19. 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.






20. Smallest trading amount






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






22. 1/8 of a dollar






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






25. Prices reflect historical information






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






27. Everything including inside information is represented in the price






28. 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






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






30. Prices include all public info






31. How long do swing traders hold positions?






32. .01






33. New York Stock Exchange






34. Planning to Fail






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






36. Smallest trading amount






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






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






39. .0001






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






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






42. New York Stock Exchange






43. Prices reflect historical information






44. .0001






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






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






47. Foriegn Exchange - more active in the afternoon






48. 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