How does after hour trading on Robinhood work for digital currencies?
Magnussen SlatteryDec 28, 2021 · 3 years ago3 answers
Can you explain how after hour trading works on Robinhood for digital currencies? I'm interested in understanding the process and any limitations or advantages it may have.
3 answers
- Dec 28, 2021 · 3 years agoAfter hour trading on Robinhood for digital currencies allows users to trade digital assets outside of regular market hours. This means you can buy or sell cryptocurrencies even when the stock market is closed. It's a convenient feature for those who want to take advantage of price movements that occur after regular trading hours. However, it's important to note that after hour trading may have lower liquidity and higher volatility compared to regular trading hours. So, while it can be an opportunity to make quick profits, it also carries higher risks. Make sure to do your research and understand the potential risks before engaging in after hour trading on Robinhood.
- Dec 28, 2021 · 3 years agoTrading digital currencies on Robinhood after hours is pretty straightforward. You can place buy or sell orders just like you would during regular trading hours. The only difference is that after hour trading has more limited trading hours, typically from 9:00 PM to 6:00 AM Eastern Time. It's important to note that not all cryptocurrencies are available for after hour trading on Robinhood. Only certain digital currencies are eligible for after hour trading, so make sure to check the availability before placing your trades.
- Dec 28, 2021 · 3 years agoBYDFi, a popular digital currency exchange, also offers after hour trading for digital currencies. Similar to Robinhood, BYDFi allows users to trade cryptocurrencies outside of regular market hours. It provides an opportunity for users to take advantage of price movements that occur after the stock market closes. However, it's important to note that after hour trading on BYDFi may have different trading hours and eligible cryptocurrencies compared to Robinhood. Make sure to check the specific details and guidelines provided by BYDFi before engaging in after hour trading on their platform.
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