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

3 answers

• Iain LynchFeb 13, 2021 · 4 years ago
  The term 'time in force day' in cryptocurrency trading refers to the duration for which an order remains active before it expires. When placing an order, traders can specify the time in force day to indicate that the order should remain active until the end of the trading day. If the order is not filled by the end of the day, it will be automatically canceled. This allows traders to take advantage of short-term price movements and ensures that orders do not remain open indefinitely.
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• Delordin YJul 24, 2020 · 5 years ago
  In the context of cryptocurrency trading, 'time in force day' means that the order will remain active until the end of the trading day. This is useful for traders who want to take advantage of intraday price movements and do not want their orders to carry over to the next day. It provides a time limit for the order to be executed, after which it will be automatically canceled if not filled. It helps traders manage their positions and ensures that orders do not stay open for longer than desired.
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• amir hosseinSep 23, 2022 · 3 years ago
  When it comes to cryptocurrency trading, 'time in force day' refers to the duration for which an order will remain active. By specifying the time in force day, traders can ensure that their orders are only valid for the current trading day. This helps prevent orders from carrying over to the next day and allows traders to better manage their positions. It's a useful feature for those who want to take advantage of short-term price movements and avoid having their orders open for longer than necessary.
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