How does thinkorswim pre-market trading work for cryptocurrencies?
Javier MuñozDec 16, 2021 · 3 years ago3 answers
Can you explain how pre-market trading works for cryptocurrencies on the thinkorswim platform? I'm interested in understanding the process and any limitations or advantages it may have compared to regular market hours trading.
3 answers
- Dec 16, 2021 · 3 years agoPre-market trading on the thinkorswim platform for cryptocurrencies allows traders to place orders before the regular market hours. This can be advantageous for those who want to react quickly to news or events that occur outside of regular trading hours. However, it's important to note that pre-market trading typically has lower liquidity and higher volatility compared to regular market hours. Additionally, not all cryptocurrencies may be available for pre-market trading on thinkorswim, so it's important to check the specific offerings and trading hours for each cryptocurrency.
- Dec 16, 2021 · 3 years agoWhen it comes to pre-market trading for cryptocurrencies on thinkorswim, it's important to understand that it's not available 24/7. The pre-market trading hours for cryptocurrencies on thinkorswim are from 8:00 AM to 9:30 AM Eastern Time. During this time, traders can place orders and execute trades, but it's important to be aware of the potential risks associated with pre-market trading, such as wider spreads and lower liquidity. It's always a good idea to do thorough research and analysis before engaging in pre-market trading.
- Dec 16, 2021 · 3 years agoBYDFi, a digital currency exchange, offers pre-market trading for cryptocurrencies on the thinkorswim platform. This feature allows traders to take advantage of early market movements and react to news or events that occur before regular trading hours. However, it's important to note that pre-market trading on BYDFi may have different trading hours and availability compared to other exchanges. Traders should always check the specific details and offerings on the BYDFi platform to ensure they have the most up-to-date information for pre-market trading.
Related Tags
Hot Questions
- 90
How does cryptocurrency affect my tax return?
- 88
How can I minimize my tax liability when dealing with cryptocurrencies?
- 68
What are the best practices for reporting cryptocurrency on my taxes?
- 62
What is the future of blockchain technology?
- 61
What are the tax implications of using cryptocurrency?
- 61
Are there any special tax rules for crypto investors?
- 61
How can I buy Bitcoin with a credit card?
- 59
What are the best digital currencies to invest in right now?