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What Time Does TD Ameritrade Starts Trading?
TD Ameritrade starts trading at 7:00 am, EST. Some securities could be traded 24 hours a day.
TD Ameritrade Extended-Hours Trading Time and Fees
If you have a TD Ameritrade (TDA) brokerage account, you have the ability to trade outside of normal session hours. These are from 9:30 am to 4:00 pm, EST. TD Ameritrade
provides access to the pre-market session, which is from 7 am until 9:28 am, and the after-hours period, which lasts from 4:02 until 8 o’clock. Even better, the broker
does not charge anything extra for trading during these special periods. The broker’s regular $0 commission is assessed against all trades.
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TD Ameritrade 24/5 Trading
TD Ameritrade also offers trading 24 hours per day, 5 days per week on thinkorswim platform
and Mobile Trader app. The list of securities available to trade right
now includes FXI, SPY, EEM, GLD, SLV, DIA, UNG, TLT, IWM, QQQ, USO, SH, RWM, PSQ, AGG, DOG, EWA, EFA, EWJ, IJH, VTI, XLF, XLE, and XLK. Other securities will be added to the list over time.
Is TD Ameritrade Open On Weekends?
You can log in and use TD Ameritrade website and app on weekends. However, stock market is closed
on a weekend, so any changes to investments you make will take effect on the next business day.
How to Enter Extended-Hours Orders at TD Ameritrade
An order at TD Ameritrade can be flagged to remain in force just for the pre-market session, the after-hours session only, or the
regular session plus both extended-hours periods. You can easily choose whichever option you want during the order-entry process by
selecting your choice in the drop-down menu. An order that includes the extended-hours period must be submitted as a limit order at
TD Ameritrade, and special conditions cannot be added to orders. All TD Ameritrade extended-hours orders expire at the close of
business at 8 pm if they aren’t filled.
Trading Tools
There are some excellent trading tools available to TD Ameritrade customers who plan to buy and sell securities during extended hours. A handy trade bar called SnapTicket appears at the bottom of the browsing window on the broker’s well-designed website. Vital data, such as bid-ask spread, are displayed. The bar can show a small graph. SnapTicket can be used during the regular session as well.
In addition to the website, TD Ameritrade provides a sophisticated desktop platform called thinkorswim. Remarkably, it does not have any account minimum or frequent trader requirement. It boasts 400 technical studies and a host of drawing tools.
The company’s mobile apps (it has three of them) can be used to place orders during the extended periods. One of the apps is a thinkorswim version that has very advanced charting tools. There is also a TD Ameritrade platform for Apple Watch.
TD Ameritrade warns its clients that there are certain risks associated with trading during these special time slots. For example, there is lower liquidity during extended hours, which could make it more difficult to find a buyer in a short amount of time. Bid-ask spreads also tend to be wider during these sessions, which increases the cost of buying and selling. Higher volatility also means more frequent price swings, which can lead to the execution price being far from the current price.
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Chad Morris is a financial writer with more than 20 years experience
as both an English teacher and an avid trader. When he isn’t writing
expert content for Brokerage-Review.com, Chad can usually be found
managing his portfolio or building a new home computer.
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