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How to Get Pre Market Trading on Robinhood

How to Get Pre Market Trading on Robinhood

This article explores the steps to access pre-market trading on the Robinhood platform, offering insights into the benefits and limitations of this feature.
2024-08-09 10:24:00
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Have you ever wanted to get a head start on trading before the market officially opens? With Robinhood, you can participate in pre-market trading, giving you the opportunity to react to early market trends and news. In this article, we will discuss how you can access pre-market trading on Robinhood and make the most of this feature.

Understanding Pre-Market Trading

Before we dive into how to access pre-market trading on Robinhood, let's first understand what pre-market trading is. Pre-market trading allows investors to buy and sell stocks before the official opening of the stock market. This can be useful for reacting to overnight news or getting a sense of early market sentiment. However, it's important to note that pre-market trading tends to have lower liquidity and higher volatility compared to regular trading hours.

Steps to Get Pre-Market Trading on Robinhood

  1. Upgrade to Robinhood Gold: In order to access pre-market trading on Robinhood, you'll need to upgrade to Robinhood Gold. This is Robinhood's premium subscription service that offers features like pre-market and after-hours trading, as well as additional buying power.
  2. Enable Extended Hours Trading: Once you have upgraded to Robinhood Gold, you can enable extended hours trading in the app settings. This will allow you to participate in pre-market trading, which typically starts at 4:00 AM EST.
  3. Place Pre-Market Orders: After enabling extended hours trading, you can place buy or sell orders during the pre-market session. Just keep in mind that not all stocks are available for pre-market trading, so make sure to check the availability of your desired stocks.

By following these steps, you can start participating in pre-market trading on Robinhood and take advantage of early market movements. However, it's important to exercise caution and do thorough research before making any trades during the pre-market session.

Getting pre-market trading on Robinhood can give you a competitive edge in reacting to early market trends and news. By upgrading to Robinhood Gold and enabling extended hours trading, you can access pre-market trading and potentially improve your trading strategy. Remember to be mindful of the risks involved in pre-market trading and always do your due diligence before placing any trades.

The content above has been sourced from the internet and generated using AI. For high-quality content, please visit Bitget Academy.

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