What does GTC stand for in the context of cryptocurrency trading?

3 answers

• Fortune DassiNov 16, 2020 · 5 years ago
  GTC stands for 'Good 'Til Canceled' in the context of cryptocurrency trading. It refers to an order type that remains active until it is either filled or canceled by the trader. When you place a GTC order, it will stay in the order book until it is executed or manually canceled. This type of order is commonly used by traders who want to set a specific price target and are willing to wait for the market to reach that level.
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• Kenneth Ben-BouloJan 06, 2022 · 4 years ago
  GTC is short for 'Good 'Til Canceled' in cryptocurrency trading. It's a type of order that remains open until it is executed or canceled. Traders use GTC orders when they want to set a buy or sell price and leave the order open until it is filled. This allows them to take advantage of potential price movements without constantly monitoring the market. GTC orders are commonly used by long-term investors and traders who have specific price targets in mind.
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• Ray VedelJan 24, 2024 · 2 years ago
  GTC, which stands for 'Good 'Til Canceled,' is a term used in cryptocurrency trading. It refers to an order that remains active until it is filled or manually canceled by the trader. When you place a GTC order, it will stay in the order book until the conditions are met. This type of order is useful for traders who want to set a specific price target and are not actively monitoring the market. It allows them to automate their trading strategy and take advantage of favorable market conditions.
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