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. How long do swing traders hold positions?






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






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






5. How long do swing traders hold positions?






6. Prices include all public info






7. .0001






8. Everything including inside information is represented in the price






9. 1/8 of a dollar






10. Chicago Mercantile Exchange






11. New York Stock Exchange






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






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






14. 1/8 of a dollar






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






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






17. 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






18. Is the ability to buy or sell in large quantities without changing 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. .0001






21. Planning to Fail






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






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






24. Chicago Mercantile Exchange






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






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






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






28. Foriegn Exchange - more active in the afternoon






29. Smallest trading amount






30. Prices reflect historical information






31. .01






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






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






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






35. Smallest trading amount






36. Everything including inside information is represented in the price






37. 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.






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






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






40. Planning to Fail






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






42. Prices include all public info






43. .01






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






45. Prices reflect historical information






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






47. 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






48. New York Stock Exchange