1. Differentiate between descriptive information and analytical information. How might one logically assess whether the acquisition of investment information or advice is economically justified?

2. How would you access each of the following types of information, and how would the content help you make investment decisions?

a. Prospectuses

b. Back- office research reports

c. Investment letters

d. Price quotation

3. Briefly describe the composition and general purpose of each of the following indexes.

a. NYSE Composite Index

b. NYSE MKT Composite Index

c. Nasdaq Stock Market Indexes

d. DIJA

e. S&P500

4. Differentiate among market orders, limit orders, and stop-loss orders. What is the rationale for using a stop-loss order rather than a limit order?

5. What is day training, and why is it risky? How can you avoid problems as an online trader?