A professional futures trader who buys and sells futures for his own account throughout the day but typically closes out his positions at the end of the day is called a
A)floor broker.
B)day trader.
C)position trader.
D)specialist.
E)hedger.

Question

Quizplus · Accepted Answer

A day trader is someone who buys and sells securities, including futures contracts, for their own account and typically closes out their positions by the end of the day. Floor brokers work on the trading floor of an exchange to execute trades for clients, while specialists facilitate the trading of specific securities or futures contracts. Position traders hold positions for longer periods of time, and hedgers use futures contracts to manage their risk exposure in other assets.

A Professional Futures Trader Who Buys and Sells Futures for His