Are there any risks involved in after hour trading on Robinhood for cryptocurrencies?
Gojo SaturoSep 29, 2023 · 2 years ago1 answers
What are the potential risks associated with trading cryptocurrencies on Robinhood outside of regular trading hours?
1 answers
- Nicolas FabreJun 16, 2020 · 5 years agoWhen it comes to after hour trading on Robinhood for cryptocurrencies, there are a few risks to keep in mind. One of the main risks is the lack of liquidity during these hours, which can result in wider bid-ask spreads and increased price volatility. This means that executing trades at desired prices may be more challenging and slippage can occur. Additionally, since the market is less active during after hours, traders may not have access to real-time information or be able to react quickly to market changes. It's important to carefully consider these risks and potential drawbacks before engaging in after hour trading on Robinhood for cryptocurrencies. Stay informed and trade responsibly.
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