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Finance: What is After Hours Trading? 1 Views
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Description:
What is After Hours Trading/Extended Trading? After hours trading describes any trades made after the market closes or before the market opens. Because it’s done outside of market hours, trades are not made using traditional stock exchanges. After hours are typically from 6:00 am to 9:15 am and from 4:15 pm to 8:00 pm, but can vary slightly.
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Transcript
- 00:00
finance a la shmoop what is after-hours trading well, Wall Street really never [Group of people dealing stocks and shares]
- 00:08
does sleep the normal American stock market runs from 9:30 until 4:00 p.m.
- 00:12
New York time on weekdays so trades happening during that period of time are
- 00:17
just normal not after hours but like I don't know
- 00:21
just on hours....anyway after hours is [New York City becomes dark after hours]
Full Transcript
- 00:25
different the city gets dark seemy characters roam the streets
- 00:29
trading stocks from building corners and alleyways yes or maybe not but at 4:01
- 00:35
p.m. after-hours trading begins it's not like a minute earlier there was demand
- 00:38
for a million shares a second to trade on the various primary stock exchanges
- 00:43
and then a minute later demand was zero demand continues always and shares do
- 00:48
trade after market hours more or less all the time the NYC and Nasdaq [People waving at NASDAQ[
- 00:53
exchanges are closed but there are lots of private exchanges or EC ends
- 00:57
electronic communication networks which trade 24/7 365 days a year
- 01:02
well trading is usually much smaller in volume after hours but that volumes [Trading decreases in size]
- 01:07
grown a ton in the last decade and the after-hours number is often useful to
- 01:11
gauge how well or poorly accompanies announced after 4:00 p.m. New York Time [Man reading newspaper]
- 01:16
quarter was received well the after-hours markets indicate almost
- 01:20
immediately and while not always right they give a sense for the direction that
- 01:24
the stock will open the following day on the main exchanges it's also a good time
- 01:28
to build a position secretly without lots of people inspecting on you
- 01:33
screaming out to the New York Stock Exchange I want 18 million shares of [Man screams for shares at New York Stock Exchange]
- 01:37
whatever.com...got it? so if you want to trade on those markets well, you fill
- 01:41
out some forms pay a small entry fee as you buy three large diet cokes and a [3 diet coke cans and a popcorn bucket]
- 01:45
bucket of popcorn and you think about the irony of having ordered your coke as
- 01:50
diet and then you can trade anytime you like yeah in your underwear too it's
- 01:55
kind of fun [Man standing in his underpants]
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