Updated June 26, 2019 10:25:42 A new study says the long-term benefits of extended hours trading are more than worth the risks.
Key points:Extended hours, which allows traders to trade on any time of day, will cost more than daily tradingExtended Hours trading will require more time and patience to get startedExtended time trading can be more profitable than daily or weekly tradingExtendings can cost more and take longer to set upThe new study by the Australian Financial Review suggests extended hours may be worth the extra cost.
In the study, conducted between January and July 2019, the research firm surveyed over 1,000 Australians who were planning to start trading in the future.
The results show extended hours can be a good option for some but are not recommended for all.
The main concern for those in extended hours is that it can take longer and require more patience than trading on a daily basis.
The study says traders will need to put in more effort to set things up, while the cost of trading can add up over time.
“The benefits of trading extended hours over daily trading are substantial,” said research analyst David Curnock.
“Extended trading is more profitable and can be longer-term.”
The study also found traders in extended time can have a better return than those who do not.
“People who trade extended hours tend to have lower risk profiles and higher returns compared to those who don’t,” Mr Curnocks said.
“But there are also risks, especially if you’re not trading on an extended period.”
The key factors driving the study are whether extended hours are an option for people, their personal preferences and the likelihood of them being able to make a long-lasting investment.
Mr Curnacks research found that those with the least experience trading extended times tended to have the most concerns.
“It’s important that you understand the benefits and risks of extended trading,” he said.
Read more about trading extended time:What to expect when you open your trading account?
When it comes to trading extended minutes, it is important to make sure you know what is being offered and how it will be used.
“If you’re only trading on extended hours, you’ll probably be limited in the amount of time you can trade,” Mr Tufo said.
There is no way of knowing how much money will be saved by trading extended periods of time.
You may need to wait a week or more for the price to come down before you can open your account.
Extended minutes, which allow traders to buy and sell stocks and bonds, will also require more effort.
“You’ll need to make adjustments to your strategy to make it work, and that’s the hard part,” Mr Bannister said.
The best way to trade extended minutes is to trade daily or monthly.
“Once you’ve got extended minutes open, you can’t go back to trading on the day of the trade,” he added.
What are the benefits of trade extended time?
The main benefit of extended time trading is that you can put more effort into setting things up.
“There are advantages in extended trading, such as lower risk and lower volatility, but you also need to take some of the risk,” Mr Lillis said.
It is not recommended to open your extended trading account on the same day as your daily trading.
“As you can see in the table above, it will take longer for the trades to open than a regular day trading, and this is more important than it may sound,” Mr Voss said.
What you need to know about trading extensionsWhat is an extended trading session?
Extended sessions, which are defined as one-hour periods that are longer than 24 hours, are available to some traders who want to trade stocks and bond prices.
Extensions can be held for longer than one trading session, but it will usually last one to three hours.
“A trading session can last for several hours and will usually have traders working for extended periods,” Mr Nardelli said.
Extension trading is different to a daily trading session because you are allowed to trade for as long as you want.
“At the end of the session, you will receive an invoice for your trades,” Mr Della said.
Do you need an extended time-share or a trading session to trade?
Many traders are looking for an alternative trading platform to regular trading.
“You need to be able to sit in on a closed trading session at a particular time, and you’ll need a trading partner who has access to a trading account, or is willing to accept it as long a period as you need,” Mr Wilsons said.
For those who need to trade a day-to-day stock, or to trade only a short period of time, it can be difficult to find an extended session.
“I’ve had people come in to my office and say they need to do some work in the morning to get the money they need,” he explained.What to