U.S. stocks are different from A-shares in that there are no trading price limits, they support long and short two-way trading, and there are no restrictions on trading units.

1. Pre-market and after-market: The U.S. stock market has two unconventional trading periods: pre-market (4 hours) and after-market (4 hours).

Because pre-market and after-market transactions are price-limited transactions, the overall liquidity is not particularly high. However, during unconventional trading periods, there will be many news events, such as in China, China Concept Stock-related news will be reflected before the market;

2. There are many targets and many ways to play: The U.S. stock market is very open and inclusive, so you can find a lot of investment targets in the U.S. stock market. There are so many ways to invest. You can try the eToro trading software to have a simulated experience. There is a simulated operation of 100,000 US dollars.

3. Capital gains tax: Retail investors who invest in U.S. stocks also look at technical and fundamental aspects. Americans are subject to capital gains tax when buying and selling stocks. If you buy or sell stocks within a one-year period, you will need to pay a capital gains tax of about 20%. Although the capital gains tax on previous profits can be offset by the loss, it is Still a very high transaction cost. These factors will also lead to the higher maturity of retail investors in the United States and their tendency to adhere to long-term holding strategies.

4. The settlement mechanism of transactions is different: the U.S. stock market can conduct T+0 transactions, that is, stocks bought on the same day can be sold on the same day, but the U.S. stock market implements a T+3 delivery system, that is, after the transaction occurs Clearing and delivery can be completed on the third working day.