Futures Test

Futures Trading Knowledge Test

Instructions: Answer all 25 questions. Each question is worth 4 points. Total score: 100 points.

Attempt Limit: You may take this test up to 3 times using the same email address.





1. What does GC represent in futures?

2. Which futures month code represents September?

3. What is settlement in futures?

4. What is volume in futures?

5. What is cash settlement?

6. Can futures traders profit from falling prices?

7. Which futures month code represents June?

8. What is contract size?

9. What is contract expiration?

10. Why is leverage risky in futures?

11. What is a long futures position?

12. What does NQ represent?

13. What is physical delivery?

14. What is maintenance margin?

15. What is mark-to-market in futures?

16. What is the main danger of futures trading?

17. Which of these is a stock index futures contract?

18. What is tick value?

19. What is a take-profit order?

20. What is margin in futures trading?

21. What does ES represent?

22. What does CL represent in futures?

23. Why were futures originally created?

24. Who trades futures?

25. What is tick size?

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