How does 'time in force' affect my cryptocurrency trades?

3 answers

• Nhi NguyenMar 24, 2025 · 6 months ago
  Sure, 'time in force' refers to the duration for which an order remains active in the market. It determines how long your order will stay open and attempt to execute before it expires. The most common types of 'time in force' options are 'Good Till Cancelled' (GTC), 'Immediate Or Cancel' (IOC), and 'Fill Or Kill' (FOK). GTC orders remain active until they are manually cancelled, while IOC orders are executed immediately or canceled if they cannot be filled completely. FOK orders require the entire order to be filled immediately, otherwise, it is canceled. The choice of 'time in force' can impact your trading strategy and the likelihood of your order being executed.
  673

  337
• Lindsey BoyerFeb 12, 2021 · 5 years ago
  When it comes to 'time in force', it's all about balancing your trading goals and market conditions. If you have a long-term investment strategy, a GTC order might be suitable as it allows your order to stay open until it is filled or manually canceled. On the other hand, if you're looking for quick trades and immediate execution, IOC or FOK orders can be more appropriate. It's important to consider factors such as liquidity, volatility, and your risk tolerance when choosing the right 'time in force' option for your trades.
  529

  177
• Randy SDec 21, 2023 · 2 years ago
  As an expert in the cryptocurrency industry, I can tell you that 'time in force' is a crucial aspect of trading. At BYDFi, we offer various 'time in force' options to cater to different trading preferences. It's important to understand the implications of each option and choose the one that aligns with your trading goals. Remember, the choice of 'time in force' can significantly impact the execution of your trades, so it's worth taking the time to familiarize yourself with these options and make informed decisions.
  520

  130