Hi all, I am just new to the stockmarket and hope someone can help clear up a question I have please. I am in the UK and buy my stock through Trading 212. My question is this, if I buy stock outside of trading hours how will I know what price I am buying it at? Will it just be the price that the stock is on opening, and if anyone is knowledgeable about trading 212 will an out of hours purchase go through immediately upon market opening? For example, as I type Moderna stock is about 18% up after-Market, So if I bought now would I get the current price as I click buy, or would I only know the price at opening? Hope this makes sense. if anyone can help me out with this that would be great please. Thanks!
I can't answer your question, as I don't know anything about UK markets or trading. But, it may be if interest to hear how it works in North America. We can trade after hours, including market, limit, and stop limit orders.
Hi Tom, I guess I just need to keep researching and also make a few out of hours buys to see what happens. Thanks for the reply!
What @TomB16 said is correct, however not all accounts in the US can make purchases/sales after-hours/pre-market. For example, my 401k does not allow me to trade outside of market hours. If I put an order in after the market is closed, it's put in a queue that will trigger at market open. I believe this is what you're referring to. My guess is that if you don't have the option to buy outside of market hours, you will be placed in that queue as well. So in the case of Moderna, you'll get the opening price as all those orders placed outside market hours will trigger at the open and set the new price that you will get. I could be wrong, so don't quote me.
