Although the New York Stock Exchange and the NASDAQ market open at 9:30 ante meridiem eastern Time, eligible investors can buy stocks pre-market through an ECN from 8:00 through 9:30 ante meridiem easterly Time.
Reading: How to Buy Stocks Pre-Market
Prepare to Place an Order
Open an online trading account if you do not have one. Be sure the brokerage firm you select allows pre-market deal. note when the brokerage firm allows you to pre-market trade, as each firm can set its own hours. Before entering a pre-market arrange, determine if it would be more cost-efficient to wait until the markets open to trade.
Find Your Desired Stock
Decide which stock you want to buy pre-market. Go to your trade account rate introduction page and enter the stock symbol, the total of shares you want to trade and select “ Buy ” as the action. Before entering the price, check the current bid/ask range. All ECN orders are limit order s, and the price circulate is based on the most recently completed buy and sell trade. You can use this information to select a restrict order price that has a better find of being filled.
Enter Your Order
Find the order box on your order entry page. Under routing, choose either “pre-market” or “destination.” If you do not make a selection, the arrange will be deemed as placed for the unconstipated trade seance and it will be held until the commercialize opens. Select an ECN from your broke, and route the order by clicking on the trade release. admonitory : a pre-market trade placed as a market arrange will be rejected because the commercialize is not open. It must be entered as a terminus ad quem order at a pin down price to be accepted.
Following Up With Your Order
Monitor the deal to see if the ordain gets filled. ECNs fill orders by matching a buyer with a seller, and until a sell rate is placed at your price, your buy trade cannot be completed. Try to enter your monetary value between the bid/ask range. Trade book rises when the ECNs start matching pre-market trade orders with unconstipated orders from 8 ante meridiem until 9:29 ante meridiem EST. An ordering entered as well cashbox canceled, or GTC, will credibly be filled during that time. It ‘s significant to note that the bid/ask banquet can be wide and could negatively impact your barter once the market opens.