Are you looking to get a head start on your stock trades by buying before the market officially opens? With the rise of online trading platforms like Robinhood, investors now have the ability to make pre-market trades from the comfort of their own home. In this article, we will show you how to buy stocks pre market on Robinhood, one of the most popular commission-free brokerage platforms on the market.
Before we dive into the specifics of buying stocks pre-market on Robinhood, it's important to understand what pre-market trading entails. Pre-market trading occurs before the official opening of the stock market, allowing investors to react to news and events that may impact stock prices before the regular trading session begins.
Create a Robinhood Account: If you don't already have a Robinhood account, you'll need to sign up for one. Simply download the Robinhood app or visit their website to get started.
Enable Pre-Market Trading: Not all brokerage platforms offer pre-market trading, but Robinhood does. Make sure your account is enabled for pre-market trading by checking your account settings.
Research Your Stocks: Before making any trades, do your research on the stocks you're interested in. Look at their performance, news, and potential catalysts that could impact their price.
Place Your Pre-Market Order: Once you've done your research and are ready to place a trade, navigate to the stock you want to buy on Robinhood and select the 'Trade' option. From there, you can choose to place a pre-market order.
Monitor Your Trade: After placing your pre-market order, it's essential to monitor your trade closely. Pre-market trading can be volatile, so be prepared to react to any sudden price movements.
There are several benefits to buying stocks before the market officially opens. For one, you have the opportunity to react to breaking news and events that could impact stock prices. Additionally, pre-market trading allows you to set your strategy before the market opens, giving you a competitive advantage over other investors.
In conclusion, buying stocks pre market on Robinhood can be a valuable strategy for investors looking to stay ahead of the market. By following the steps outlined in this guide, you can take advantage of pre-market trading opportunities and potentially improve your investment returns. So why wait? Start exploring pre-market trading on Robinhood today!