How are you all? I hope everyone is doing well. Today I will share a very educational post with you, What is pre-market? And how to complete it? Today I will try to share it with you in full detail, Currently, almost all Exchangers have Premarket Trading, What is pre-market? Before the coin starts trading in the market, that coin can be traded in the pre-market, and here someone sells coins and someone sells coins, Now coins are bought and sold in a completely imaginary way in the pre-market, Because both the buyer and the seller do not have the coin, someone will buy the coin from the airdrop or various Presell/Private Sell/Public Sell of that coin, or he has bought it, Now anyone can sell it before it is listed in the market if they want, again many people buy coins from here in the hope of making more profit, And this is called pre-market! How is the pre-market completed? First of all, if you want to complete trading in the pre-market, then you will first need the amount of dollars equivalent to the amount of coins you will buy, for example, if you buy a coin for $100, then you have to keep $100 in the spot balance of that exchanger, now you are the Buyer, and the person you will buy from is the Seller, now to complete trading in the pre-market, both need the same amount of dollars in the spot balance, for example, if you buy a coin for $100, then the person you will buy from must also have $100 in their account, When the trading is complete, $100 in both wallets will be locked, And the main reason behind this is that if this $100 coin becomes $50 after the trading starts in the market, you cannot cancel the order even if you want,
And if the seller, after the coin trading starts in the market, the $100 coin becomes $200, then you cannot cancel the order even if you want,
If you do not deposit that coin again, $100 will be automatically deducted from the Buyer,
And basically, airdrop payments are made after trading starts,
And 4 hours after trading starts, the coins are automatically deducted and given to the Buyer!
And the buyer deducts the dollar from the buyer and gives it to the seller,
But there are many people who do a little trick, like selling a coin for $100, now after coming to the market, that coin has become $300, now they do not deposit the coin or they sell it in the market and withdraw, after that they deduct the locked dollar of $100,
They do not worry about $100 because they have received $200,
So even if they deduct the locked dollar, there is no loss, and many people do not have coins, but still they sell coins, for example, if you sell a coin for $100 but you do not have coins, then after the trading starts in the market, you get that $100 coin for $50, you have 4 hours to buy it and hold it in your wallet, and then after 4 hours it is deducted,
But there is a risk in both of these, usually many traders are earning a lot of money by doing this trick,
0.000 SRY