What is the meaning of 'gtc time in force' in the context of cryptocurrency trading?

3 answers

• AlsatianOct 21, 2020 · 5 years ago
  In cryptocurrency trading, 'gtc time in force' refers to the 'good till canceled' time in force option for placing orders. When you place an order with the 'gtc' time in force, it means that the order will remain active until it is either filled or canceled by the trader. This is a popular option for traders who want to place long-term orders and do not want their orders to expire automatically after a certain period of time. It provides flexibility and allows traders to keep their orders open for an extended period of time, giving them more control over their trading strategies.
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• Self VintherMar 19, 2023 · 2 years ago
  The 'gtc time in force' option is commonly used in cryptocurrency trading platforms to allow traders to place orders that remain active until they are manually canceled. This is particularly useful for traders who want to set up long-term positions or have specific price targets in mind. By using the 'gtc' time in force option, traders can avoid the hassle of having to constantly monitor their orders and manually renew them. However, it's important to note that some exchanges may have limitations on the maximum duration of 'gtc' orders, so it's always a good idea to check the specific rules and regulations of the exchange you are using.
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• PriyabrataSep 09, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency trading platform, offers the 'gtc time in force' option to its users. With this option, traders can place orders that remain active until they are filled or manually canceled. This allows traders to set up long-term positions and take advantage of market movements without having to constantly monitor their orders. The 'gtc' time in force option is a popular choice among BYDFi users who prefer a more hands-off approach to trading. It provides flexibility and convenience, allowing traders to focus on other aspects of their trading strategies.
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