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Forex Trading What is a day trader?
avatar Stallion
Question by: Stallion - 25 Oct 2012, 06:27:22
What is a day trader?
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<a href="https://www.instaforex.com/?x=YOUR_PARTNER_LINK">InstaForex</a>
<a href="https://www.instaforex.com/?x=YOUR_PARTNER_LINK">InstaForex</a>
Answers (1)
avatar user 3990
Answer by: Jeremy - 15 Dec 2014, 04:53:14

Pattern day trader is a term defined by FINRA to describe a stock market trader who executes 4 (or more) day trades in 5 business days in a margin account, provided the number of day trades are more than six percent of the customer's total trading activity for that same five-dayperiod.

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