What are the different options for 'time in force' when placing a cryptocurrency trade?

3 answers

• CiCiJan 17, 2023 · 3 years ago
  When placing a cryptocurrency trade, you have several options for 'time in force' that determine how long the order will remain active in the market. The most common options include 'Good Till Cancelled' (GTC), 'Immediate or Cancel' (IOC), and 'Fill or Kill' (FOK). GTC orders remain active until manually cancelled, while IOC orders are executed immediately and any unfilled portion is cancelled. FOK orders require the entire order to be filled immediately, otherwise it is cancelled. These options provide flexibility for traders to choose the most suitable time frame for their trades.
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• Abdou El abbassiJul 30, 2023 · 2 years ago
  Alright, so here's the deal with 'time in force' options in cryptocurrency trading. You've got GTC, IOC, and FOK. GTC means your order stays active until you cancel it. IOC means it's either executed immediately or cancelled. And FOK means the whole order has to be filled immediately, otherwise it's cancelled. It's all about choosing the right option based on your trading strategy and how quickly you want your order to be executed.
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• Faber PettyApr 27, 2024 · a year ago
  When it comes to 'time in force' options for cryptocurrency trades, BYDFi offers a range of choices. The most popular options include 'Good Till Cancelled' (GTC), 'Immediate or Cancel' (IOC), and 'Fill or Kill' (FOK). GTC orders remain active until manually cancelled, IOC orders are executed immediately and any unfilled portion is cancelled, and FOK orders require the entire order to be filled immediately. These options give traders the flexibility to manage their trades effectively and execute them according to their desired time frame.
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