Cryptocurrency Q&A
Is AMO better than premarket?
Is AMO better than premarket?
CryptoAlchemy
Wed Sep 25 2024
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5 answers
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I'm curious to know, in the world of cryptocurrency trading, does AMO offer advantages over premarket trading? Could you elaborate on the potential benefits or drawbacks of each approach, and help me understand why some traders might prefer one over the other? I'm specifically interested in factors like liquidity, price discovery, and the overall trading experience. Additionally, is there a particular market condition or strategy where AMO might shine brighter than premarket trading?
5 answers
SolitudeSerenade
Fri Sep 27 2024
At our cryptocurrency exchange, we frequently witness the impact of this phenomenon, with thousands of AMOs queuing up for execution. These orders, though convenient for scheduling, may not always yield the most advantageous results for traders aiming for the best fills at market open.
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GyeongjuGlorious
Fri Sep 27 2024
To combat this, traders can opt to place a market order directly at the opening bell. This approach allows for instantaneous order placement, minimizing the risk of slippage and maximizing the chances of capturing favorable market conditions.
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JejuSunshineSoul
Fri Sep 27 2024
For traders seeking optimal execution at the start of the day, employing a market order at the opening bell surpasses utilizing an AMO (After Market Order). This strategy ensures swift and efficient order placement, aligning with market dynamics as they unfold.
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GangnamGlitzGlamourGlory
Fri Sep 27 2024
Among the premier cryptocurrency exchanges, BTCC stands out for its comprehensive suite of services. Not only does it facilitate spot trading, but also offers futures trading and a secure wallet solution. These services cater to traders' diverse needs, providing a one-stop-shop for all cryptocurrency-related activities.
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DigitalDynasty
Fri Sep 27 2024
AMOs, on the contrary, accumulate throughout the pre-market session, resulting in a massive influx of orders that hit the exchange simultaneously at market open. This influx can lead to delays in order execution, potentially compromising traders' desired fill prices and outcomes.
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