What are the best premarket hours for trading cryptocurrencies on Scottrade?
Koki HamanoDec 26, 2021 · 3 years ago3 answers
I'm interested in trading cryptocurrencies on Scottrade and I want to know the best premarket hours for trading. Can you provide some insights on the optimal time to trade cryptocurrencies on Scottrade before the market officially opens?
3 answers
- Dec 26, 2021 · 3 years agoThe best premarket hours for trading cryptocurrencies on Scottrade can vary depending on the specific cryptocurrency you are interested in. Generally, the premarket hours for trading on Scottrade start at 4:00 AM Eastern Time and end at 9:30 AM Eastern Time, which is when the regular market hours begin. However, it's important to note that not all cryptocurrencies may be available for trading during the premarket hours. It's recommended to check with Scottrade or refer to their official website for the most up-to-date information on premarket trading hours for cryptocurrencies.
- Dec 26, 2021 · 3 years agoWhen it comes to trading cryptocurrencies on Scottrade during premarket hours, it's important to consider the volatility and liquidity of the specific cryptocurrency you are interested in. Generally, the premarket hours can be more volatile and have lower liquidity compared to regular market hours. This means that prices may fluctuate more rapidly and it may be more difficult to execute trades at desired prices. It's advisable to do thorough research and analysis before trading during premarket hours and to use limit orders to manage your trades effectively.
- Dec 26, 2021 · 3 years agoWhile Scottrade is a well-known and reputable platform for trading cryptocurrencies, it's important to note that they do not currently offer cryptocurrency trading services. If you're specifically looking to trade cryptocurrencies, you may want to consider using a dedicated cryptocurrency exchange such as BYDFi, which offers a wide range of cryptocurrencies for trading. However, if you're interested in trading other financial instruments on Scottrade, the best premarket hours for trading may still be the same as mentioned earlier, starting at 4:00 AM Eastern Time and ending at 9:30 AM Eastern Time.
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