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Trading Quiz

Test your trading knowledge! Simply take the quiz below and we will send you the results via email.

1. Level II quotes are used to:

a. View the inside market prices on a stock
b. View the current quote and quote size available from each market participant, whether Market Maker or ECN
c. Determine the spread
d. Confuse novice investors

2. The difference between the high and the low of the day is called:

a. The spread
b. The gap
c. The range
d. The mood swing

3. Which of the following is an example of decision support?

a. A two-headed coin
b. News
c. Dart board
d. Relative strength study on a chart

4. When a day trader goes home "flat", it means that:

a. Trader has gotten run over by a truck on the way home
b. Trader closed all open positions and does not hold a stock overnight
c. Trader has run out of funds
d. Trader is in a crummy mood

5. Why might you want to execute an order on an ECN?

a. because it could be faster
b. because you might get a better price
c. because it's the cheap thing to do
d. answers "a" and "b" above

6. MACD stands for:

a. Moving Average Convergence/Divergence
b. Moving Average Continuation/Discontinuation
c. Mathematically Altered Counter Data
d. None of the Above

7. Leonardo Pisano Bonaccio is better known as

a. Leonardo Da Vinci
b. Fibonacci
c. Fibber
d. the Mathematician who created Linear Regression

8. Which of the following is not trading software?

a. CyberTrader
b. RealTick III
c. Uptick Now
d. TradeStation

9. The Inside Bid represents a buyers and support pricing, while the Inside Ask represents:

a. All of the sellers and resisting supply
b. The best selling price and upward resistance
c. The volume
d. All of the above

10. Institutional Trading accounts for the following trading volume in the Markets:

a. 75%
b. 82%
c. 90%
d. 61%

11. When was Direct Access Trading available to the Public?

a. 1997 – Order Handling Changes
b. 2000 – at the Millennium
c. 2001 – With Decimalization
d. 1987 – After the Black Monday Crash

12. What is the first question a trader should ask?

a. How much am I going to make?
b. Which way should I go?
c. What is my risk in this trade?
d. Should I put more charts on the screen?

13. What is slippage?

a. It is a sharp drop in the price on a chart
b. It is the difference in the price you expected to get on a market order and the price you actually got
c. It is synonymous with a market correction
d. a shift in Chart prices

14. Why would you sell short?

a. because you think the stock's price will go down
b. because you don't have enough money to sell long
c. because you are 4 feet tall
d. none of the above

15. What would be a good source of news?

a. Bloomberg
b. CNBC
c. MSNBC
d. all of the above

16. A broker/dealer generally offers margin. This is essentially:

a. A loan
b. An escrow account
c. Deduction from your equity
d. The amount that must be kept in a 401k

17. All of the following are Nasdaq stocks except:

a. INTC
b. MSFT
c. CLX
d. AMZN

18. All of the following are ECNs except:

a. BTRD
b. INET
c. ARCA
d. COWN

19. A commission is paid:

a. on each trade
b. on each buy-and-sell combination of trades
c. never
d. every 5 trades

20. When you want to learn how to trade as a Pro, you should enlist the help of:

a. Online Trading Academy
b. Online Trading Academy
c. Online Trading Academy
d. Online Trading Academy

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