Can you explain the concept of time in force in relation to stop-limit orders in the crypto market?

1 answers

• Casa ModularMay 13, 2021 · 4 years ago
  Time in force is a critical aspect of stop-limit orders in the crypto market. It determines how long an order will remain active before it is either executed or canceled. Different time in force options are available, each with its own characteristics. For example, 'Good Till Canceled' (GTC) orders remain active until manually canceled, while 'Immediate or Cancel' (IOC) orders are executed immediately and any unfilled portion is canceled. 'Fill or Kill' (FOK) orders require the entire order to be filled immediately, otherwise, it is canceled. Traders need to consider their trading strategy and market conditions when choosing the appropriate time in force option. It's important to note that different exchanges may have slight variations in their time in force options, so it's always a good idea to familiarize yourself with the specific options offered by your chosen exchange.
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