How does a GTC order work in the context of digital currency trading? 🤔

3 answers

• Babar KhanApr 04, 2024 · a year ago
  A GTC order is a type of order that remains active until it is either filled or canceled by the trader. It allows traders to set a specific price at which they want to buy or sell a digital currency, and the order will remain open until the price reaches the desired level. This type of order is particularly useful for traders who want to set a target price and wait for the market to reach that level before executing the trade. GTC orders provide flexibility and convenience for traders, as they do not need to constantly monitor the market and manually place orders. Instead, they can set their desired price and let the order automatically execute when the market conditions are met. It's important to note that GTC orders may have an expiration date, depending on the exchange or platform you are using. So, it's always a good idea to check the specific terms and conditions of the exchange or platform before placing a GTC order.
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• LabyrinthJun 27, 2020 · 5 years ago
  Alright, so here's the deal with GTC orders in digital currency trading. When you place a GTC order, it means you want to buy or sell a digital currency at a specific price, and you want that order to stay active until it gets filled or you cancel it. It's like setting a target price and waiting for the market to hit it. This type of order is great for traders who have a specific price in mind and don't want to constantly monitor the market. Once you place a GTC order, it will stay open until it gets executed or you manually cancel it. Just keep in mind that some exchanges may have expiration dates for GTC orders, so make sure to check the terms and conditions. Overall, GTC orders offer convenience and flexibility for traders.
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• Triệu Mẫn TràNov 05, 2021 · 4 years ago
  In the context of digital currency trading, a GTC order is a type of order that remains active until it is filled or canceled by the trader. It allows traders to set a specific price at which they want to buy or sell a digital currency, and the order will stay open until the price reaches the desired level. This type of order is commonly used by traders who want to enter or exit a position at a specific price point. GTC orders are particularly useful for traders who don't want to constantly monitor the market and manually place orders. Instead, they can set their desired price and let the order automatically execute when the market conditions are met. However, it's important to note that GTC orders may have expiration dates depending on the exchange or platform you are using. So, it's always a good idea to check the terms and conditions before placing a GTC order.
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