3 minutes a day
Accompany you to make money in the US stock market!
Hello, everyone, I am the representative of Niuniu class!
Today is a series of courses "20 lectures on American Stock Investment".
Lecture 3 "3 minutes to understand the full guide to US stock trading》
Niu friends, please pick up the small bench and come to class together.
This paper will discuss the entry operation of US stock trading in detail from five aspects: account opening process, trading time, trading rules, transaction fees and minimum trading units.
I. the process of opening accounts for US stocks
Required materials:
1. Mainland residents of China
1.1 second-generation identity cards in mainland China
1.2 debit cards of the same name for banks in mainland China (it is recommended to use debit cards of ICBC, Agricultural Bank Of China, Bank of China, CCB, Bank of Communications, China Merchants Bank, etc., for real name verification only and has nothing to do with the entry and exit of funds)
two。 Hong Kong and Macao residents
2.1 Hong Kong permanent identity Card + address Certificate (issued within 3 months)
2.2 Hong Kong identity Card + Hong Kong Visa document of identity + address Certificate (issued within three months)
2.3 Hong Kong identity Card + mainland China identity Card + address Certificate (issued within three months)
Second, trading time
1. Continuous trading period
Us stocks continue to trade at ET: 9: 00 from Monday to Friday (30: 00)
Us Daylight time (March-November): Beijing time 21: 30: 4: 00
Us Daylight time (November-March of the following year): Beijing time 2230 winter 5race 00
two。 Pre-and post-market trading
Us stocks are allowed to trade before and after trading outside the continuous trading period, and orders before and after trading will be submitted to the exchange for matching. Both the New York Stock Exchange and NASDAQ have special pre-and post-trading sessions, and brokerages have different requirements for pre-and post-trading periods. Fortune's trading platform stipulates:
2.1 Pre-market trading session of US stocks:04:00-9:30 (ET)
Daylight saving time 16:00-21:30 Beijing timeStandard time17:00-22:30 Beijing time.
2.2 Us stocks in after-hours trading:16:00-20:00 (ET)
Daylight saving time 4:00-8:00 Beijing timeStandard time5:00-9:00 Beijing time.
2.3 Us stocks in half-day after-hours trading:13:00-17:00 (ET)
Daylight saving time 1:00-5:00 Beijing timeStandard time2:00-6:00 Beijing time
III. Trading rules
Unlike A-shares, US and Hong Kong stocks do not have an one-day limit, so investors also need to control risk.
1. Transaction system
In line with Hong Kong stocks, US stocks also support the Tunable 0 trading system.Stocks bought on the same day can be sold on the same day.
After buying, investors find mistakes in judgment and can sell in time to avoid the expansion of risks and losses.
two。 Settlement mechanism
The US stock market adopts the delivery system of TV2.That is, the liquidation and delivery shall be completed on the second trading day after the transaction occurs.
Assuming that the settlement has been completed on T day (today), the amount of your account is 50,000. If you have bought 30,000 shares on T-1 and 20,000 on T-day, your settlement amount will be-30,000 on T-1 and-20,000 on T-2. In order to avoid settlement default in the next two trading days, the maximum amount you can withdraw today is 5-3-2: 0.
3. Other restrictions description
As a price limit order for opening, when the order price deviates more than 40% from the market price, the rich way risk control system will refuse to place the order.
A very small number of stocks need to enter a fixed price to place an order, such as an integer multiple of 0.05 or 0.5.
Orders that meet the Fortune risk control rules will be submitted upstream, but may also be rejected because they do not meet the upstream risk control rules. Common reasons such as excessive price deviation, temporary lack of support for trading, failure to find the corresponding stock symbol, etc.
Condition order does not support short selling operation for the time being.
Pre-and post-market price orders will be submitted to the exchange, but may not be able to close the deal.
The upstream brokerage defines an order of less than 100 shares as a broken order.
Orders submitted during the matching period may be submitted to non-traditional exchanges. If the number of the order is less than 100 shares (stock order), the upstream does not need to report the transaction price to the exchange, so it is impossible to query the relevant information of the order in the market data.
IV. Transaction costs
The transaction fee of US stock is mainly composed of transaction commission + platform fee + agent fee, the details of which can be found in the link below.
V. minimum trading unit
Unlike A shares and Hong Kong stocks, US stocks do not have the concept of "hand", and the minimum trading unit is 1 share.
If you don't know anything about the rules of US stock trading, you are welcome to interact with us in the comments area.
The class representative will select 8 high participation friends in the discussion area and give 188 Niuniu points!
Continue with the real class tomorrow!
Lecture 4"understand the regulatory system of US stocks"Waiting for you!
Don't break up until we see you!
Attached course link:"20 lectures on investing in American stocks"
Supplementary information: