Q551
Type of trading member who takes position every day and also liquidate it on same day is classified as
A.
day traders
AnswerB.
broker traders
C.
non-position traders
D.
commercial traders
Answer: Option A
Solution
Answer: Option A
Solution:
Type of trading member who takes position every day and also liquidate it on same day is classified as day traders. A day trader is a trader who executes a large volume of short and long trades to capitalize on intraday market price action.