Question

What kind of stockbroker is a day trader?

A.one who deals with the U.S. market only and does not trade in the Far East
B.one who will not wait until the next day to trade a stock
(Student Selected Correct C)
C.one who buys and sells stocks on a minute-by-minute basis to try to make a profit
D.one who specializes in certain kinds of stocks that are related to people’s day-to-day needs

Answer 1

C.one who buys and sells stocks on a minute-by-minute basis to try to make a profit

however larger high frequency traders using algorithms have taken over much dealing in seconds

they have offices close to new york stock exchange server farms in new jersey for micro second advantages