- How could moomoo empower your trading?
Before getting into the subject, let's play a guessing game.
An online brokerage company has soared 24.2% on Tuesday, March 29, 2022. Is your answer on the tip of your tongue?
Yes, it's $Robinhood(HOOD.US)$, and its rally has been fueled by news that it will extend its trading hours for another four hours from 7 a.m. to 8 p.m. ET.
Until Tuesday, Robinhood offered trading 30 minutes before the open and two hours after the close.
Guess what, users can trade through moomoo from 4 a.m. to 8 p.m. ET.
Since the launch of moomoo trading app, we have worked hard to expand trading capacity for our clients. Because we know some mooers who are busy working during normal market hours, the ability to trade before and after the market is very important. It's the leisure time to learn and build your wealth with knowledge.
With moomoo, you can trade like pros who have been traditionally trading in extended hours. Plus, trade with access to Hong Kong and other markets. With that, moomoo is closer to providing 24-hour trading service.
- Investing hack time
For most stock markets, the main trading session takes place during the daytime. However, trading activity isn't restricted to the time of day. It does, in fact, take place before/after the market closes - once normal business hours are done. This is known as the pre-market/after-hours trading session.
Trading hours coverage
Pre-market hours: 4:00 am – 9:30 am ET
Regular hours: 9:30 am – 4:00 pm ET
After-market hours: 4:00 pm – 8:00 pm ET
Benefits and risks of pre-market/after-market trading
Extended hours trading allows investors to
· Trading on fresh information: react immediately to breaking news
· Pricing opportunities: you may find some appealing prices during this time
· Convenience: added flexibility of trading
However, extended-hours trading does have some risks. Risks associated with pre-market/after-market trading include:
· Less liquidity: less trading volume for your stock, and it may be harder to convert shares to cash
· Wider spreads: a lower volume in trading may result in a wider spread between the bid and ask prices
· More volatility