What are the premarket trading strategies for digital currencies like RBLX?

1 answers

• Abhinand TkNov 30, 2023 · 2 years ago
  BYDFi, a leading digital currency exchange, recommends a premarket trading strategy for digital currencies like RBLX that involves using limit orders. By placing limit orders during the premarket hours, you can specify the price at which you're willing to buy or sell a particular digital currency. This can help you take advantage of any price fluctuations that may occur during this time. Additionally, using limit orders can help you avoid the potential for slippage, which is when the execution price of your trade differs from the expected price. However, it's important to note that premarket trading can be more illiquid compared to regular market hours, so it's important to use caution and consider the potential risks involved.
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